Gita Gopinath

India likely to record about 7 per cent growth in FY26: Gita Gopinath

The Indian economy is expected to record around 7 per cent growth in the current fiscal, slightly higher than 6.6 per cent projected by the IMF in October, said Gita Gopinath, former chief economist of the Washington-based International Monetary Fund. Speaking at Times Network's India Economic Conclave 2025, Gopinath said that the IMF made its projection for India's growth before the National Statistical Office (NSO) came out with its July-September quarter growth rate of 8.2 per cent. "I would say that the IMF number (India's growth projection) was 6.6 per cent that came out in October. But their forecast for the second quarter of the current fiscal, in terms of what the growth would be, was much lower than what it turned out to be at over 8 per cent. "Just doing math, I would expect that India's GDP growth would go up close to 7 per cent," she said. Earlier this month, the Reserve Bank of India raised the GDP growth projection to 7.3 per cent for the current fiscal from its earli

No signs of improvement: Gita Gopinath slams 'Liberation Day' tariffs

On April 2, Trump announced an unparalleled increase in tariffs on goods imported into the US from most of its trading partners during a ceremony labelled "Liberation Day"

IMF's Gita Gopinath to return to Harvard University at end of August

She will become the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics at Harvard University

IMF's Gopinath praises Lanka's economic reforms, urges sustained momentum

International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath on Monday commended Sri Lanka's significant progress in economic reforms and emphasised the importance of maintaining momentum to ensure lasting stability and prosperity in the island nation. Gopinath is on a two-day official visit to Sri Lanka from June 15. During her meeting with President Anura Kumara Dissanayake at the Presidential Secretariat, Gopinath acknowledged the strong mandate received by the ruling National People's Power (NPP) in both parliamentary and local council elections, according to a press release issued by the president's office. She noted that these mandates "enhance the government's ability to implement much-needed reforms, it said. Dissanayake's party won record record-breaking two-thirds parliamentary majority in November last year. In the local council election held in early May, it gained a majority of the 338 seats. Gopinath commended the remarkable progress achieved over t

IMF's Gita Gopinath says US needs to curb fiscal deficit, fix debt burden

Gopinath's remarks follow Moody's downgrade of the US credit rating and highlight rising debt, tax cuts and persistent trade uncertainty under Trump

Workplace safety key to get more women in labour force: IMF's Gita Gopinath

IMF's Gopinath wants govt to conduct cost-benefit analysis of PLI scheme

India must focus on skilled workforce to become developed by 2047: Gopinath

India has grown well in terms of its overall growth rate, and at 7 per cent, it is the fastest growing major economy in the world, she said

India need more reforms to stay on growth path, create jobs: IMF's Gopinath

India will need to undertake more reforms to be able to continue on the path of raising economic growth and to make sure that enough job creation happens in the country, IMF deputy managing director Gita Gopinath said on Saturday. Addressing an event here, Gopinath further said that India will be required to reduce import tariffs if it wants to be an important player in the global supply chains. "The significant improvements have been made by the government over the years in terms structural reforms." While noting that the world is in an environment where trade integration has been questioned, Gopinath said it is important for India to remain open for global trade. "Tariff rates in India are higher than in its other peer economies. If it wants to be an important player on the world stage and an important part of global supply chains, it is going to require reducing those tariffs," the eminent economist said. Gopinath said it is a tremendous aspiration to get to a developed country

IMF's Gita Gopinath says India could become 3rd largest economy by 2027

India's growth was much better than IMF expectations the last fiscal year and those carryover effects are affecting our forecast for this year, said Gita Gopinath

IMF Chief Kristalina Georgieva wins second term ahead of Spring meetings

Georgieva, 70, led IMF's efforts to aid indebted countries through pandemic and has warned about the global economic impact of trade fragmentation caused by worsening US-China relations

Interest rates likely to fall but last mile very tricky: IMF Chief

IMF Chief Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is "very, very tricky". In an interview with the World Economic Forum here during its Annual Meeting 2024, she said that the central banks should not tighten prematurely because then they may lose the victory that is now in their hands. Expecting the positive trend to continue in 2024, she said, "The inflation rate is going down, on average." The International Monetary Fund's Managing Director, however, flagged the regional discrepancies still persisting around. "What we have now is a very diverse range. In some countries, the job is already done, and inflation is low enough for them to have an accommodative monetary policy. Brazil is one example. And in Asia, many countries did not have an inflation problem to start with," she said. "Central banks should not tighten prematurely because then they may lose the victory th

Rates to stay higher, battle against inflation not yet over: IMF's Gopinath

Affirming that the fight against price rise is not yet over, IMF's Gita Gopinath on Tuesday said interest rates are likely to stay higher than during the period immediately after the global financial crisis. There are expectations though that it will come down sometime this year, the International Monetary Fund's First Deputy Managing Director said. Speaking at a session during the World Economic Forum Annual Meeting 2024 here, Gopinath dismissed the market bets for a cut in interest rates as premature. "The markets are expecting central banks to cut rates pretty aggressively. I think that's a bit premature to make that conclusion. "We should expect rates to come down some time this year but based on the data we see right now, we expect this to be more likely in the second half of this year," she said. She also felt that chances of a deep recession were less likely.

World's higher-for-longer rate era stokes worry among finance officials

Debt levels are at record high levels at the same time that we're in this higher-for-longer interest-rate environment, said Gita Gopinath, No 2 official at IMF

IMF projects inflation, growth risks if Israel-Hamas conflict widens

It's a bit early to know the full implications of the conflict, and much will depend on whether it draws in other countries, Gita Gopinath said

IMF's Gita Gopinath praises India's G20 Summit message, PM Modi responds

IMF's deputy managing director Gita Gopinath shared a photo with Prime Minister Narendra Modi and complimented him on successfully hosting the G20 Summit

India's 'one earth, one family' resonated at G20 summit: IMF's Gopinath

India's message of 'one earth, one family, one future' resonated strongly with all delegates at the G20 Summit, Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund said. "Congratulations Prime Minister Narendra Modi on presiding over such a successful G20," Gopinath posted on X late Saturday night. She said India's message of 'one earth, one family, one future' resonated strongly with all delegates. Modi thanked Gopinath "for the kind words". "It is an honor to host the G20 summit. Our efforts are a testament to the collective spirit of unity and progress," the prime minister said.

Fed should alter its monetary policy framework: IMF's Gita Gopinath

She said central banks should be more willing to tolerate inflation below target at a time when unemployment is already low

Sitharaman, Gita Gopinath meet in US, both discuss debt vulnerabilities

Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), during which they discussed debt vulnerabilities and other issues. Sitharaman is leading a high-powered Indian delegation to attend the annual Spring Meeting of the IMF and the World Bank. Sitharaman congratulated Gopinath for accelerating India's work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated India's commitment to foster efforts to address growing debt vulnerabilities, the finance ministry said in a tweet after the meeting. During the meeting, the finance minister noted IMF's concerns on key downside risks to the economy including financial sector stress, rising real interest rates, elevated debt, inflation, geo-political fragmentation, and faltering growth in China, as highlighted in World Economic Outlook World Economy Outlook. Gopinath congratulated the minister on the fruitful

High inflation causing tension between monetary and fiscal policy: Gopinath

On what needs to change, she said for the countries to manage such a difficult trade-off right, fiscal policy has to play a role

India better than many economies, needs work on labour mkts: Gita Gopinath

IMF Deputy Managing Director Gita Gopinath has cautioned that India needs to work on labour markets and land, even as she hailed the country for doing better than many global economies