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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

Global economy in tug-of-war between oil shock and AI boom: IMF chief

The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz "better than feared" due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. "What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure," Georgieva told journalists on Tuesday. She said the global economy had "weathered the energy shock caused by the closure of the Strait of Hormuz better than we feared" due to a combination of factors, including drawdowns of oil and gas reserves and increases in non-Gulf supply. "And it is enjoying the tailwinds from an AI investment boom, most notably in the US, where both corporate earnings and consumer demand remain strong," Georgieva said ahead of the G-20 finance ministerial meeting in Asheville, North Carolina, next week. She said the global econom

IMF estimates Indian economy will hit $5 trillion in FY29: FM Sitharaman

Indian economy is set to cross USD 5-trillion mark in FY29 as per the International Monetary Fund (IMF) and the government has adopted a broad-based growth strategy to achieve the milestone, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday. As per the World Economic Outlook database (April 2026) published by the IMF, India's GDP at current prices is projected to be around USD 5.1 trillion by 2028-29, she said in a written reply. "The government has adopted a broad-based growth strategy focusing on enhancing agricultural productivity, promoting manufacturing, supporting MSMEs, expanding infrastructure, improving logistics and ease of doing business, creating an efficient and streamlined tax system through income tax and GST reforms, fostering innovation and digitalisation, strengthening human capital, and ensuring energy security," she said. The strategy is complemented by sustained emphasis on public capital expenditure, liberalising the FDI regime, boosting ..

IMF urges stronger AI safeguards as India deepens financial sector adoption

The multilateral institution warned that rapid AI adoption could amplify systemic and cyber risks, urging stronger oversight, governance and international cooperation

Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view

Strap India deepened Indo-Pacific partnerships through deals with Australia, New Zealand and Indonesia, even as oil risks prompted growth downgrades and weakened the rupee