Central banks around the world should be ready to provide ample liquidity to banks, NBFCs, she added.
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.
IMF Chief economist Gita Gopinath was among the first prominent economists who criticised Narendra Modi government's note ban
The senior Congress leader wrote on Twitter that people should prepare themselves for government ministers to attack the IMF and IMF chief.
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.
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.
Gopinath added that as a result of heightened trade and geopolitical tensions and country-specific factors in emerging markets, global growth slowed to the lowest level since the global financial crisis this year.
Gopinath told Reuters in an interview that such a conflict would affect exports from many more countries and impose retaliatory duties on U.S. goods from numerous trading partners.
Policymakers need to work cooperatively to help ensure that policy uncertainty doesn't weaken investment, she said.
Gita is the third female and second Indian, after Nobel Prize winner Amartya Sen, to become a permanent member of Harvard’s Economics department.
The John Zwaanstra professor of International Studies and Economics at Harvard University, Gopinath, 47, succeeds Maurice (Maury) Obstfeld as Economic Counsellor and Director of the IMF's Research Department. Obstfeld retired December 31.
India-born Harvard professor Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.
Gopinath's appointment as Kerala CM's economic adviser had raised eyebrows as she is a noted neoliberal economist, while Vijayan is currently the only communist chief minister in the country
"The expectation is revenues from GST will go up after six months. There is a considered expectation that when GST becomes normalised, the state will get more revenue," said Gopinath, the Harvard Professor and Financial Adviser to Kerala Chief Minister Pinarayi Vijayan.
"My take on what looks like a cyclical downturn on exports has to do with the disruption that the GST caused," the John Zwaanstra professor of international studies and economics at the Harvard University said here this evening.
Speaking to CNBC-TV18 Gita Gopinath, Economics Professor at Harvard University said she was in favour of the principle of moving to a cashless economy.
India is likely to see only a "small" impact if the US Federal Reserve decides to hike interest rates as the country is doing well compared to other emerging market economies, according to noted Harvard University economist Gita Gopinath.
Asserting that she is "politically very naive", Gita Gopinath, the Harvard economist and Economic Advisor to Kerala Chief Minister Pinarayi Vijayan, has said it would be good if she can be of help in thinking about the state's economic issues.
Gita Gopinath is professor at Harvard University and head of it's economics department, an official release said here.
Yogendra Yadav, Social Activist, also says with two consecutive droughts, the ride in Budget allocatment for agriculture and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is only marginal.
Global headwinds while important are of lesser significance to India, says Gita Gopinath, professor of economics at Harvard University. Hence for India to grow at 8%, it needs to revive domestic investment, she opines
Gita Gopinath, Economics Professor, Harvard University, says Rajan will be remembered as a person who was in charge when inflation came down, almost halved.
Gita Gopinath, Professor-Economics at Harvard University says it is also important to have the second side of policy working which is the supply side. It is not just about controlling demand but being able to smooth out problems with respect to supply.
Gita Gopinath, professor of economics, Harvard University said that there was every reason to believe that tapering will be started as early as December 17 after US unemployment rate came down to 7 percent last week
The post of the Chief Economic Advisor is as powerful as its occupant. Raghuram Rajan for instance was part of the inner power circle in the Finance Ministry that steers economic policy. With him moving out in a year, the government is on the look out once again.