May 21, 2021 08:35 PM IST
On May 21, the Health Ministry said the cumulative number of COVID-19 vaccine doses administered in the country has exceeded 19 crore.
- Apr 07, 2021 08:55 PM IST
The feeling in the government is that Yellen’s statement stems from the United States’ ‘one-shot’ approach to providing stimulus in face of the Covid-19 pandemic, which is opposed to India’s response, which has been more deliberate and has focused on the credit and fiscal side of things.
- Apr 07, 2021 08:10 PM IST
Gopinath also said that this fiscal stance is also appropriate for India overall and that it is good that support isn't being pulled back,
- Apr 07, 2021 08:29 AM IST
On Tuesday, the IMF predicted a projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.
- Apr 06, 2021 07:44 PM IST
Gita Gopinath said current disparities in national corporate tax rates had triggered “a large amount” of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues to fund needed economic and social spending.
- Apr 06, 2021 06:35 PM IST
Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
- Mar 08, 2021 10:52 PM IST
Gopinath lauded the Serum Institute of India, saying it produces the most number of vaccines in the world in a regular year and has been manufacturing the COVID-19 vaccine doses that are delivered to COVAX and then distributed to countries around the world.
- Jan 28, 2021 10:53 PM IST
Gita Gopinath also said a credible divestment plan would boost the confidence of the markets, adding that the government must keep the borrowing costs low during the transition period.
- Jan 27, 2021 11:17 PM IST
Gopinath also said that a larger budget deficit than what India usually has can be expected.
- Jan 27, 2021 01:54 PM IST
The three agri laws, enacted in September last year, have been projected by the Indian government as major reforms in the agriculture sector that will remove middlemen and allow farmers to sell their produce anywhere in the country.
- Jan 22, 2021 03:32 PM IST
Gita Gopinath on her Twitter handle shared a KBC video in which Amitabh Bachchan can be seen praising her and wrote that she is a huge fan of the Bollywood superstar who is 'the Greatest of All Time'.
- Oct 13, 2020 06:41 PM IST
In its latest World Economic Outlook report, the International Monetary Fund also said the swift recovery in China has surprised on the upside while the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.
- Jul 10, 2020 10:17 AM IST
The IMF views the current recession as the worst since the 1930s Great Depression. In its latest projections made in June, it expects 2020 global output to shrink by 4.9%, compared with a 3.0% contraction predicted in April.
- Jul 01, 2020 09:25 PM IST
Gita Gopinath told lawmakers in Britain's Parliament on July 1 that the first priority for governments was to scale back gradually their support programmes for workers affected by the COVID-19 crisis, including state job retention schemes
- Jun 25, 2020 10:50 PM IST
This, she said, holds true for all countries including India that want a bigger share in the global export market
- Jun 24, 2020 06:36 PM IST
The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2021, global growth is projected at 5.4 percent, the report said.
- Jun 16, 2020 10:04 PM IST
Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises, with the services sector hit harder than manufacturing in both advanced and emerging market economies, and inflation low across the board.
- Apr 15, 2020 08:19 PM IST
Gopinath told CNBC-TV18 in an interview that with lockdowns being implemented around the world, many firms do not have parts they need to produce goods, which is already resulting in supply chain disruptions.
- Apr 14, 2020 06:30 PM IST
Under the Fund's best-case scenario, the world is likely to lose a cumulative $9 trillion in output over two years - greater than the combined GDP of Germany and Japan, Gopinath added.
- Mar 09, 2020 08:40 PM IST
Central banks around the world should be ready to provide ample liquidity to banks, NBFCs, she added.
- Jan 24, 2020 12:45 PM IST
In fact, ask RBI’s senior officials. In private, they have said that they had repeatedly asked the government not to switch off mobile telephones, messaging and the internet.
- Jan 22, 2020 12:30 PM IST
IMF Chief economist Gita Gopinath was among the first prominent economists who criticised Narendra Modi government's note ban
- Jan 21, 2020 11:32 AM IST
The senior Congress leader wrote on Twitter that people should prepare themselves for government ministers to attack the IMF and IMF chief.
- Dec 20, 2019 12:41 PM IST
Gopinath said India's GDP growth was expected to pick up in the last two quarters of FY20 but some high-frequency indicators show that a recovery is unlikely. "That is what is leading us to revaluate our assessment that was put out in October,” she added.
- Dec 17, 2019 07:45 PM IST
A fall in consumption, lack of private investments and sluggish exports are being blamed for a slower GDP growth, which slid to a six-year low of 4.5 percent in September.