Speaking at an event at Delhi School of Economics, IMF's First Deputy Managing Director also points out that reforms like investment in education, infra, health should be increased.
Gourinchas, a French national, is currently a University of California-Berkeley economist. Last month, Gopinath was appointed as the first deputy managing director of the IMF.
In a conversation with Shekhar Gupta at 'Off The Cuff', Gita Gopinath says India must maintain its momentum on spending to provide support to the economy.
Harvard University had extended her leave of absence on an exceptional basis by 1 year, which allowed her to serve as chief economist at the International Monetary Fund for 3 years.
Chief Economist Gita Gopinath said Indian economy faces many challenges with regard to financial market after IMF's latest outlook projected 9.5% growth rate for India in 2021.
IMF Tuesday projected a 12.5% rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate in 2020 during the pandemic.
If you look at where exactly is one manufacturing hub for vaccines in the world — that will be India, Gopinath said at Dr. Hansa Mehta Lecture on International Women’s Day.
IMF’s chief economist says India should continue providing support in cash and kind, allocate more to MGNREGA to reduce inequality and poverty post pandemic.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Stick to your turn Mrs Gopinath. Domestic policies are not your turf,