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Pakistan's economic rebound masks deeper problems despite market rally

High energy costs and the war with Iran have pushed up inflation, while renewed militancy in Pakistan's border provinces is adding to risks for investors

India remains growth engine; Super El Nino impact yet to materialise: IMF

The IMF on Thursday said the impact of weather events such as the Super El Nino was yet to materialise for India, which remains the engine of growth for the world economy. The IMF listed lower crop yields, increased food price inflation and its impact on the purchasing power of households in India due to the Super El Nino. "So these are risks that we see that India faces, but right now those risks have not materialised," IMF Communications Director Julie Kozack told a press conference here. She said the IMF will reassess India's growth projections in the January World Economic Outlook update after the risks posed by the weather event materialise. Earlier this month, the IMF raised India's growth forecast for fiscal year 2027 and fiscal year 2028 to 7 per cent, from the 6.4 per cent and 6.7 per cent projections respectively made in July. "So, we see it really as a risk going forward, and of course depending on whether that risk materialises, we will reassess our growth projections

IMF urges exchange rate flexibility as RBI steps up rupee defence

Exchange rates should absorb global shocks, says IMF official as India rolls out measures to support the rupee

FM Sitharaman seeks global framework to address the fallout of sanctions

FM calls for multilateral rules as economic penalties have consequences beyond their intended targets

China's non-tariff walls a major export hurdle: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman says China has denied market access to Indian products despite repeated requests, while calling for a review of India's trade pact with Asean.

AI risks may outweigh benefits without safeguards, warns IMF chief

IMF chief Kristalina Georgieva warned that AI risks could outweigh its benefits without safeguards and an ethical framework, while Anthropic backed common-sense standards

IMF chief urges wealthy nations to tackle rising global debt levels

The head of the International Monetary Fund said Wednesday that the US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing heaviest on low-income countries and straining the global financial system. IMF Managing Director Kristalina Georgieva said that while US Treasury Secretary Scott Bessent and other US leaders recognise that the federal deficit and national debt have grown too high, just trying to grow the US economy out of its more than USD 40 trillion in national debt would not suffice. "At the fund, we believe that, growth, of course, helps, but it cannot deliver fast enough the necessary adjustments," Georgieva said at the autumn meeting of the IMF and World Bank in Bangkok. "There is no magic," she said, noting some other measures would be needed. "You have to go in a direction of tightening that, bringing it down, bringing deficit down." Fiscal consolidation' faces challenges ------------------------------------------ Rising de

Best of Opinion: Global growth headline numbers mask vulnerabilities

From the IMF's global growth forecast and Navi Pillay's Nobel Peace Prize to India's climate needs, rising healthcare costs and the debate over welfare, today's opinions examine multiple challenges

Global growth resilience

Headline numbers mask vulnerabilities

AI investment props up global growth, but war, debt threaten outlook: IMF

For 2027, the IMF predicts 3.4% global growth, ‌flat with the July forecast and up 0.2 percentage point from April

IMF raises India's growth forecast to 7% in FY27 on strong domestic demand

The IMF has raised India's FY27 growth forecast to 7% from 6.4%, citing resilient domestic demand and robust services activity, and lifted its FY28 projection to 7%

Global economy nears limits of resilience as energy squeeze persists: IMF

Growth will accelerate to 3.4% in 2027, the fund said Tuesday in its World Economic Outlook

AI investment keeps global growth around 3%, with major Asia benefits: IMF

IMF chief Kristalina Georgieva said AI infrastructure investment is supporting global growth despite an energy supply shock

West Asia war, debt woes top agenda of IMF-World Bank meetings in Bangkok

Finance officials gather amid an energy supply shock, rising rates and mounting debt, as World Bank chief Ajay Banga warns of compounding diesel, fertiliser and El Niño risks

World faces risk cocktail from AI, oil and debt: IMF's Kristalina Georgieva

The rush to develop artificial intelligence is delivering a growth spurt that's so far confined to a handful of countries, Managing Director Kristalina Georgieva said

1991 reforms: Quant analysis shows liberalisation gains are petering out

India's global percentile ranking has improved modestly since 1991, but weak per capita gains and external vulnerability remain key drags

Global focus turns to IMF's 2027 SDR review

Driven by economic growth, trade linkages and digital payment networks, India is strategically positioning the rupee for inclusion in the IMF's SDR basket

India remains key driver for global growth: IMF Deputy MD Nigel Clarke

India remains a key driver of global growth as the world's fastest-growing major economy, supported by strong fundamentals and sound policy frameworks, International Monetary Fund Deputy Managing Director Nigel Clarke has said. Clarke visited India last week and held meetings with Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra, NITI Aayog Vice Chairman Ashok Kumar Lahiri and business leaders. "India continues to be a key driver of global growth as the world's fastest-growing major economy, supported by strong fundamentals and sound policy frameworks," Clarke said in a statement on Tuesday. The senior IMF official said his discussions with policymakers focused on India's economic outlook, the evolving global environment, and policy priorities to support sustainable and inclusive growth. "India has the potential to power the next wave of global growth, and the IMF remains a close partner in supporting the country on this journey," Clarke said. He also held meeting

Rules for growth

India needs fewer and simpler regulations

Beyond market ideology

Sunanda Sen's new book challenges financial liberalisation, arguing that volatile capital flows can constrain policymaking and undermine industrial development in emerging economies