Gopinath will be the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics at the Harvard
For low-cost export such as India, Gopinath was of the view that Trump’s aggressive tariffs may shrink growth prospects.
Sanghnomics: India’s indigenous economic models have always emphasized on restrained consumption. However, the Western economic models, especially those following the Keynesian school of thought have led to reckless consumption
Structural reforms need to be a continuous process to become a developed economy
Investments trickling into both these states can be attributed to their high rankings in terms of business climate, and implementing such a practice on a nation-wide scale can be very helpful, Gopinath added.
IMF chief Gita Gopinath ran into Chanel CEO Leena Nair at the 54th Annual Meeting of the World Economic Forum in the Swiss town of Davos
Speaking at the World Economic Forum in Davos, the fund’s first deputy managing director said that even after sharp hikes in borrowing costs in the last two years, the job is still not done as labor markets remain tight on both sides of the Atlantic.
"We need governments, we need institutions and we need policymakers to move quickly on all fronts, in terms of regulation, but also in terms of preparing for probably substantial disruptions in labour markets," Gopinath said in an interview to FT.
After years in which inflation mostly ran below its 2% target, the Fed revamped its strategy for conducting monetary policy in August 2020.
Nirmala Sitharaman is leading a high-powered Indian delegation to attend the annual Spring Meeting of the IMF and the World Bank.
Nirmala Sitharaman and finance ministers of other G20 countries are in Bengaluru to participate in the two-day meeting of G20 finance ministers and central bank governors (FMCBG).
Gopinath said India needs to take up reforms in the labour market and land in order to fix some of the gaps. She praised India's progress in creating both the digital as well as physical infrastructure.
“We have a tough year ahead, but there are signs of resilience,” is how Gita Gopinath described the International Monetary Fund’s (IMF) outlook for 2023.
Fund’s second-in-command urges Fed to ‘stay the course’ on rate rises this year
Gita Gopinath, who is in India to participate in deliberations held as part of G-20, explained the three areas in a video posted on Twitter.
Gita Gopinath tasted durian, the world's smelliest fruit, during a visit to Singapore.
G20 summit: PM Modi shared a photo of the his meeting with Gita Gopinath and Kristalina Georgieva, the Managing Director of IMF.
In a blog post by the First Deputy Managing Director of the IMF Gita Gopinath and the global lending body’s Chief Economist Pierre-Olivier Gourinchas, they said that in such a fragile environment, it is prudent to enhance resilience.
During the meeting, Finance Minister Nirmala Sitharaman and IMF’s Deputy Managing Director Gita Gopinath discussed current global matters, including food and energy security issues, global debt vulnerabilities, climate issues, digital assets and the upcoming G-20 presidency of India.
“Breaking the trend… I joined the wall of former Chief Economists of the IMF,” wrote Gita Gopinath.
Based on current projections of what the interest rate path may be, inflation will stay above the Fed's 2% target "for a long time," said Gopinath, speaking at an online event hosted by the Financial Times.
The First Deputy Managing Director of the International Monetary Fund said the war in Ukraine has been a major setback to the global recovery.
The surge in food inflation has come as a lethal shock following the rise in crude oil prices, Gopinath said.
“A great feeling to celebrate my father’s 85th birthday with him and my mother,” Gita Gopinath tweeted with the photo.
On International Women's Day 2022, here are a few women who made a mark in business leadership.