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International Monetary Fund

IMF raises India's growth projection to 6.8% in 2024

IMF raises India's growth projection to 6.8% in 2024

Tue, Apr 16, 2024

The forecast for 2024 is revised up by 0.1 percentage point from the January 2024 WEO Update, and by 0.3 percentage point from the October 2023 WEO, the IMF said.

IMF chief Georgieva says focused on job at hand, not future role

IMF chief Georgieva says focused on job at hand, not future role

Wed, Feb 28, 2024

Under a longstanding agreement, European countries traditionally nominate a candidate to lead the IMF, while the U.S. nominates a candidate to head the World Bank.

IMF commends India's economic resilience and growth amid global challenges

IMF commends India's economic resilience and growth amid global challenges

Tue, Dec 19, 2023

The financial sector experienced its strongest performance in years, demonstrating resilience in the face of global financial stress.

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Prime Minister Narendra Modi says cash crackdown is a fight for the poor

Prime Minister Narendra Modi says cash crackdown is a fight for the poor

Tue, Feb 07, 2017

Prime Minister Narendra Modi on Tuesday defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a "fight" for the poor.

Rating agencies several notches behind India's reality: Das

Rating agencies several notches behind India's reality: Das

Sun, Feb 05, 2017

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Mon, Jan 30, 2017

Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.

Forex reserves up $932.4 million to $360.77 billion

Forex reserves up $932.4 million to $360.77 billion

Fri, Jan 27, 2017

Foreign currency assets (FCAs), a major component of the overall reserves, increased by $926.4 million to $338.434 billion in the reporting week, RBI said.

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

Wed, Jan 18, 2017

India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.

India's cash crunch seen biting into economic growth- Reuters poll

India's cash crunch seen biting into economic growth- Reuters poll

Wed, Jan 18, 2017

Inflation hit a two-year low in December, with consumer prices rising 3.41%, well below the RBI`s near-term target of 5% by March 2017.

India, others should continue medium-term plans to reduce public debt, deficit: IMF

India, others should continue medium-term plans to reduce public debt, deficit: IMF

Tue, Jan 17, 2017

Countries with higher public debt levels like India should continue to implement their medium-term plans to reduce debt and deficits, an IMF official has said.

IMF cuts India's GDP forecast for FY17 to 6.6%

IMF cuts India's GDP forecast for FY17 to 6.6%

Mon, Jan 16, 2017

The International Monetary Fund (IMF) cut India's growth forecast for the current financial year (FY17) by 1% and cut it by 0.4% for the next fiscal year. The reason for this is primarily due to the demonetisation move taken by the government in November 2016.

China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

Despite demonetisation, India to grow faster than China

Despite demonetisation, India to grow faster than China

Sat, Jan 07, 2017

"Even if the demonetisation created a slowdown, it is not going to change the long-term momentum of where India is going with its economic growth," said Dean Kishore Mahbubani of the Lee Kuan Yew School of Public Policy at the National University of Singapore.

Forex reserves fall by $935.2 million to $359.671 billion

Forex reserves fall by $935.2 million to $359.671 billion

Fri, Dec 30, 2016

India's foreign exchange reserves declined by $ 935.2 million to $ 359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said today.

IMF releases another $618 million loan installment for Iraq

IMF releases another $618 million loan installment for Iraq

Tue, Dec 06, 2016

The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.

IMF supports India currency steps to fight corruption

IMF supports India currency steps to fight corruption

Fri, Nov 11, 2016

The International Monetary Fund (IMF) said on Thursday it supports India`s efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimise disruptions in the economy.

FM Jaitley says India on path to achieve financial inclusion

FM Jaitley says India on path to achieve financial inclusion

Sun, Oct 09, 2016

Das also met the president of the New Development Bank and the CEOs of the Luxembourg Stock Exchange and Scotia Bank.

Was willing to stay bit longer, but could not reach agreement with Govt: Raghuram Rajan

Was willing to stay bit longer, but could not reach agreement with Govt: Raghuram Rajan

Fri, Sep 02, 2016

Days before leaving Reserve Bank of India (RBI), outgoing Governor Raghuram Rajan on Thursday said he was willing to stay a bit longer but could not reach the "right kind of agreement" with the government on extension of his tenure.

IMF views positive outlook for Chinese economy

IMF views positive outlook for Chinese economy

Sat, Aug 13, 2016

China's near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

'Oil prices' role in India's disinflation relatively modest', IMF says

'Oil prices' role in India's disinflation relatively modest', IMF says

Wed, Aug 10, 2016

Nothing that the bulk of the disinflation (45 per cent), however, can be attributed to a moderation in the historical dynamics of inflation that influence contemporaneous inflation, the paper said, "We also find an important role for forward-looking expectations... Almost 35 per cent of the disinflation can be attributed to this."

IMF warns the US over rising high poverty, inequality in the country

IMF warns the US over rising high poverty, inequality in the country

Wed, Jun 22, 2016

Key trends in the economy that it said will slowly choke off avenues to future growth if not addressed soon.

Janet Yellen warns of 'significant repercussions' from Brexit vote

Janet Yellen warns of 'significant repercussions' from Brexit vote

Tue, Jun 21, 2016

Yellen counted the risks from the Brexit vote as one reason why the Fed will continue to move very cautiously on raising interest rates.

RBI will survive any Governor, do not personalise it: Raghuram Rajan

RBI will survive any Governor, do not personalise it: Raghuram Rajan

Mon, Jun 20, 2016

Rajan, a former International Monetary Fund (IMF) Chief Economist who is credited to have predicted the 2008 global financial crisis, has been often hailed as the 'rockstar central banker' ever since becoming RBI Governor in September 2013 and for containing rupee volatility amid global market uncertainties.

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