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  • COVID-19 vaccine coverage in India likely to remain under 35% by 2021-end: Report by IMF's Ruchir Agarwal, Gita Gopinath May 21, 2021 08:35 PM IST

    COVID-19 vaccine coverage in India likely to remain under 35% by 2021-end: Report by IMF's Ruchir Agarwal, Gita Gopinath

    On May 21, the Health Ministry said the cumulative number of COVID-19 vaccine doses administered in the country has exceeded 19 crore.

  • India unlikely to go along with US' global minimum corporate tax proposal Apr 07, 2021 08:55 PM IST

    India unlikely to go along with US' global minimum corporate tax proposal

    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.

  • RBI's quantitative easing measures a welcome move, says IMF Chief Economist Gita Gopinath Apr 07, 2021 08:10 PM IST

    RBI's quantitative easing measures a welcome move, says IMF Chief Economist Gita Gopinath

    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,

  • Evidence of normalisation of economic activity in India: IMF chief economist Gita Gopinath Apr 07, 2021 08:29 AM IST

    Evidence of normalisation of economic activity in India: IMF chief economist Gita Gopinath

    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.

  • IMF favors global minimum corporate tax, says Chief Economist Gita Gopinath Apr 06, 2021 07:44 PM IST

    IMF favors global minimum corporate tax, says Chief Economist Gita Gopinath

    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.

  • IMF projects India's growth rate to jump to impressive 12.5% in 2021 Apr 06, 2021 06:35 PM IST

    IMF projects India's growth rate to jump to impressive 12.5% in 2021

    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.

  • India at forefront in fighting COVID-19,  stands out in terms of vaccine policy: Gita Gopinath Mar 08, 2021 10:52 PM IST

    India at forefront in fighting COVID-19, stands out in terms of vaccine policy: Gita Gopinath

    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.

  • India needs to spend on infrastructure, MGNREGA: Gita Gopinath Jan 28, 2021 10:53 PM IST

    India needs to spend on infrastructure, MGNREGA: Gita Gopinath

    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.

  • India has been able to restore activity faster than many economies: Gita Gopinath, IMF Chief Economist Jan 27, 2021 11:17 PM IST

    India has been able to restore activity faster than many economies: Gita Gopinath, IMF Chief Economist

    Gopinath also said that a larger budget deficit than what India usually has can be expected.

  • India's new agri laws have potential to raise farm income: IMF's Gita Gopinath Jan 27, 2021 01:54 PM IST

    India's new agri laws have potential to raise farm income: IMF's Gita Gopinath

    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.

  • IMF Chief Economist Gita Gopinath gets praised by Amitabh Bachchan, says she is 'huge fan' Jan 22, 2021 03:32 PM IST

    IMF Chief Economist Gita Gopinath gets praised by Amitabh Bachchan, says she is 'huge fan'

    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'.

  • Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF Oct 13, 2020 06:41 PM IST

    Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF

    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.

  • IMF chief Gita Gopinath urges 'equity-like' government support for coronavirus-hit firms Jul 10, 2020 10:17 AM IST

    IMF chief Gita Gopinath urges 'equity-like' government support for coronavirus-hit firms

    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.

  • UK may need bigger safety net for jobless after lockdown: IMF's Gita Gopinath Jul 01, 2020 09:25 PM IST

    UK may need bigger safety net for jobless after lockdown: IMF's Gita Gopinath

    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

  • India needs to integrate with global supply chain for holistic development: IMF's Gita Gopinath Jun 25, 2020 10:50 PM IST

    India needs to integrate with global supply chain for holistic development: IMF's Gita Gopinath

    This, she said, holds true for all countries including India that want a bigger share in the global export market

  • COVID-19 impact | Indian economy will contract by 4.5% this fiscal: IMF Jun 24, 2020 06:36 PM IST

    COVID-19 impact | Indian economy will contract by 4.5% this fiscal: IMF

    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.

  • IMF sees 'profound uncertainty' about global recovery Jun 16, 2020 10:04 PM IST

    IMF sees 'profound uncertainty' about global recovery

    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.

  • Coronavirus pandemic | Cannot put a timeline for recovery: IMF Chief Economist Gita Gopinath Apr 15, 2020 08:19 PM IST

    Coronavirus pandemic | Cannot put a timeline for recovery: IMF Chief Economist Gita Gopinath

    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.

  • Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF Apr 14, 2020 06:30 PM IST

    Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF

    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.

  • Coronavirus: Here's what Gita Gopinath has to say on the economic impact Mar 09, 2020 08:40 PM IST

    Coronavirus: Here's what Gita Gopinath has to say on the economic impact

    Central banks around the world should be ready to provide ample liquidity to banks, NBFCs, she added.

  • Budget 2020: Govt needs to assure foreign investors with stable laws Jan 24, 2020 12:45 PM IST

    Budget 2020: Govt needs to assure foreign investors with stable laws

    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.

  • Before her IMF stint, a ‘neo-liberal’ Gita Gopinath ruffled feathers within Left’s old guard Jan 22, 2020 12:30 PM IST

    Before her IMF stint, a ‘neo-liberal’ Gita Gopinath ruffled feathers within Left’s old guard

    IMF Chief economist Gita Gopinath was among the first prominent economists who criticised Narendra Modi government's note ban

  • Chidambaram predicts BJP attack on IMF, Dr Gopinath for criticising Indian economy Jan 21, 2020 11:32 AM IST

    Chidambaram predicts BJP attack on IMF, Dr Gopinath for criticising Indian economy

    The senior Congress leader wrote on Twitter that people should prepare themselves for government ministers to attack the IMF and IMF chief.

  • IMF chief economist Gita Gopinath says India GDP growth unlikely to recover in H2FY20 Dec 20, 2019 12:41 PM IST

    IMF chief economist Gita Gopinath says India GDP growth unlikely to recover in H2FY20

    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.

  • Gita Gopinath says IMF could significantly downgrade India growth forecast in January review Dec 17, 2019 07:45 PM IST

    Gita Gopinath says IMF could significantly downgrade India growth forecast in January review

    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.

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