India's GDP to hit $5 trillion in FY29
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
IMF lowers India's GDP forecast to 9 pc from 9.5 pc
Washington: The International Monetary Fund (IMF) has lowered India's economic growth forecast to 9 percent for the financial year ending March 31.
IMF chief economist Gita Gopinath bats for global standards for regulating cryptocurrencies
Mumbai/IBNS: A complete ban on cryptocurrency may be difficult to impose and coordinated global action for regulating them would be the right thing to do, the chief economist of the International Monetary Fund (IMF) said Thursday.
Gita Gopinath set to become IMF's first deputy managing director
Washington/IBNS: In a big promotion, International Monetary Fund (IMF) chief economist Gita Gopinath is set to become the financial institution's first deputy managing director.
IMF cautions El Salvador against using bitcoin as legal tender
Washington/IBNS: The International Monetary Fund (IMF) has said El Salvador should stop using bitcoin as legal tender due to its high price volatility and consequent risks to consumer protection.
IMF's Chief Economist Gita Gopinath to leave job in 2022, return to Harvard University
Washington: International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced recently that Gita Gopinath, the Chief Economist and Director of the Research Department, intends to leave the Fund in January 2022 and return to Harvard University’s Economics Department as planned when her public service leave ends.
IMF cuts India growth to 9.5%, but it remains fastest-growing large economy
New Delhi: The COVID-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for this fiscal year, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy.
COVID: IMF proposes vaccination of 40 per cent of population in all countries by 2021 end
New Delhi/IBNS: Amid the devastation of the economy due to COVID-19 pandemic, the International Monetary Fund (IMF) has proposed the vaccination of 40 per cent of the total population in all countries by the end of 2021.
India to grow at 12.5 pc in FY 22, predicts IMF
New Delhi/UNI: The International Monetary Fund on Tuesday revised upward its growth projection for India to 12.5 per cent for financial year 2021-22 from 11.5 per cent estimated in January.
IMF urges Euro zone governments to continue fiscal support amid pandemic
Washington/Sputnik: The International Monetary Fund (IMF) is calling on governments in the euro zone to continue providing fiscal support until the COVID-19 crisis is over, Managing Director Kristalina Georgieva told reporters on Monday.
India set to trail behind Bangladesh in per capita GDP: IMF
New Delhi/IBNS: In a shocker for India, the financial condition of which has taken a beating due to Coronavirus pandemic, the International Monetary Fund (IMF) has forecasted that the per capita Gross Domestic Product (GDP) of the Asian giant could trail behind its neighbour Bangladesh this year.
-1593059369.jpg "COVID-19: Recovery will be slower following ‘crisis like no other’, IMF predicts")
COVID-19: Recovery will be slower following ‘crisis like no other’, IMF predicts
New York/IBNS: Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according to a report published on Wednesday by the International Monetary Fund (IMF).
RBI cuts repo rate from 4 pct to 3.75 pct
New Delhi/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced reducing the reverse repo rate from 4 percent to 3.75 percent.
New York/IBNS: Forecasting the “worst economic downturn since the Great Depression”, the International Monetary Fund said on Tuesday that growth for the year was likely to end up at minus three per cent, with a dramatic change evident since the last World Economic Outlook report in January.
World economy is now in recession, worse than 2008 crisis: IMF
Washington/IBNS: International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday warned that the world economy is currently in 'recession' and it is worse than the 2008 scenario.