Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises
Gopinath said that these are difficult times in terms of globalisation for dealing with this pandemic
The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.
"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.
The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates
Noting that a turning point is yet to be reached, the IMF said it was slightly revising downwards the growth outlook for the global economy.
India's consolidated deficit (the Centre and states combined) is the highest among G20 nations, she added. "So, it's not a free lunch and this has to be very carefully managed," she said
India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.
A fall in consumption, lack of private investments and sluggish exports are being blamed for a slower GDP growth
Responding to a question, Gopinath said India's medium-term vision to reach a USD 5-trillion economy which focuses on boosting investment is appropriate.
The prominent Indian-American economist was speaking to reporters ahead of the annual meeting of the IMF and the World Bank
Gopinath will have to be, if not a politician, then at least a diplomat, said Raghuram Rajan
The 11th chief economist of the IMF, Gopinath described her appointment as a tremendous honour and said the appointment of the first ever woman for this position speaks highly of IMF's MD Lagarde
IMF's first female chief economist is steadfastly apolitical in her policy vision and eschews all labels
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Gopinath will succeed Maurice Obstfeld, who would retire at the end of 2018
The expectation is a year or two this deficit will come down, she said.
Interview with John Zwaanstra Professor of International Studies and of Economics, Harvard University
Gopinath was a 'little surprised' about the political furore her appointment as the economic advisor to the Kerala CM had sparked
Interview with Professor of Economics, Harvard University