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What IMF Executive Director KV Subramanian Said On Unemployment in India?

What IMF Executive Director KV Subramanian Said On Unemployment in India?

Tue, Nov 07, 2023

An Executive Director at the International Monetary Fund, Krishnamurthy V Subramanian explained why the current unemployment rate is at a five-year low. According to Subramanian If you go by the reliable Periodic Labour Force Survey data put out by the NSSO, it is absolutely clear that both in quantity and in quality, the employment situation had improved before the pandemic and has also improved since then. It is a fact that during the lockdown and during the second wave, the employment situation did worsen and this is something that is very clearly shown in the PLFS data which further enhances the trustworthiness of the PLFS data.

IMF stresses urgency of reforms in Lebanon to restore economic stability

IMF stresses urgency of reforms in Lebanon to restore economic stability

Mon, Oct 28, 2019

"We`re studying it, we need to see not only what is in the package but also the timeline of the package for a country like Lebanon that has such high level of debt over GDP (gross domestic product) and high levels of twin deficits," Jihad Azour, director of the IMF`s Middle East and Central Asia Department told Reuters.

IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties

IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties

Sat, Oct 19, 2019

Finance Minister Nirmala Sitharaman called for ‘concerted action’ to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth.

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IMF sidesteps clash with US over funding, delays shareholding changes to 2023

IMF sidesteps clash with US over funding, delays shareholding changes to 2023

Sat, Oct 19, 2019

IMF Managing Director Kristalina Georgieva announced the decision at the Fund`s and World Bank`s annual meetings, saying that the initiative will provide confidence that the IMF can adequately support member countries as they deal with slowing global growth.

India is world's fastest-growing economy, but this time there is a tie with China, says IMF

India is world's fastest-growing economy, but this time there is a tie with China, says IMF

Tue, Oct 15, 2019

IMF`s projected growth rate of 6.1 per cent for 2019-20 is consistent with the Indian Monetary Policy Committee`s forecast.

US-China trade war starting to weigh on global economy: IMF

US-China trade war starting to weigh on global economy: IMF

Fri, Sep 13, 2019

The International Monetary Fund said that the trade war between the United States and China is already triggering a global economic slowdown.

IMF to ship $5.4 billion in cash to Argentina under standby credit deal

IMF to ship $5.4 billion in cash to Argentina under standby credit deal

Sat, Jul 13, 2019

The International Monetary Fund board said on Friday it would ship $5.4 billion (£4.3 billion) in cash to Argentina after approving a fourth review of a standby credit deal with the crisis-stricken South American nation.

Warning! What IMF MD Christine Lagarde has to say on technology giants using big data and AI and impact on financial system

Warning! What IMF MD Christine Lagarde has to say on technology giants using big data and AI and impact on financial system

Sat, Jun 08, 2019

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world`s financial system.

Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials

Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials

Thu, Jun 06, 2019

Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.

IMF looking forward to work with new govt of PM Modi

IMF looking forward to work with new govt of PM Modi

Fri, May 24, 2019

In March, the International Monetary Fund (IMF) said India has been one of the fastest growing large economies in the world.

Global finance officials say risks to growth skewed to downside

Global finance officials say risks to growth skewed to downside

Sun, Apr 14, 2019

Global financial officials on Saturday said risks to worldwide economic growth were "tilted to the downside" due to factors such as trade tensions, policy uncertainty and the sudden tightening of financial conditions.

Oil prices dip on global growth worry, possible output rise

Oil prices dip on global growth worry, possible output rise

Wed, Apr 10, 2019

Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic growth forecasts and as Russia signalled it may retreat from its production-cutting deal with OPEC.

India one of world's fastest growing large economies, carried out several key reforms in last 5 years: IMF

India one of world's fastest growing large economies, carried out several key reforms in last 5 years: IMF

Fri, Mar 22, 2019

India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done.

World leaders discuss future of global economy at Dubai summit

World leaders discuss future of global economy at Dubai summit

Mon, Feb 11, 2019

The World Government Summit in Dubai, attended by more than 4,000 delegates from 140 countries representing the business, cultural and political sectors, featured speeches and discussions on peace, development and the present and future of the global economy.

IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'

IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'

Sat, Feb 09, 2019

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".

India's economy gets big thumbs up from these 3 international organisations

India's economy gets big thumbs up from these 3 international organisations

Tue, Jan 22, 2019

Three international organisations have endorsed India`s growth story recognising it as the world's fastest growing major economy for this and the next three years and in two reports raised some of their earlier projections.

IMF lowers global growth rate projections for 2019 to 3.5%; This is why

IMF lowers global growth rate projections for 2019 to 3.5%; This is why

Mon, Jan 21, 2019

According to the report, the main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilising an already slowing global economy.

IMF: No-deal Brexit is biggest risk to Britain's economy

IMF: No-deal Brexit is biggest risk to Britain's economy

Thu, Jan 17, 2019

An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said on Thursday.

Indian-American Gita Gopinath joins IMF as its first female chief economist - Top things to know about her

Indian-American Gita Gopinath joins IMF as its first female chief economist - Top things to know about her

Tue, Jan 08, 2019

Prominent Indian-American economist Gita Gopinath has joined as the chief economist of the International Monetary Fund, becoming the first woman to occupy the top post at the global lender.

Who is Gita Gopinath? The first female chief economist of IMF

Who is Gita Gopinath? The first female chief economist of IMF

Tue, Jan 08, 2019

Born in India in 1971, Gopinath was is a US citizen and an Overseas Citizen of India. She received her PhD in economics from Princeton University in 2001 after earning her bachelor’s degree from the University of Delhi.

Operational independence of central banks important for carrying out their responsibilities: IMF By Lalit K Jha

Operational independence of central banks important for carrying out their responsibilities: IMF By Lalit K Jha

Fri, Dec 14, 2018

IMF on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities

IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'

IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'

Mon, Dec 10, 2018

He said one risk that has become much more evident in the last few years has been non-bank finance, usually called shadow banking. "There is a big challenge of stricter, oversight," the economist said.

Indian American Gita Gopinath faces tough global landscape to navigate: IMF chief economist

Indian American Gita Gopinath faces tough global landscape to navigate: IMF chief economist

Mon, Dec 10, 2018

Indian-American Gita Gopinath, the first woman to be appointed as the IMF chief economist, faces a "tough landscape", her outgoing predecessor has said, exuding confidence that she would successfully meet the challenges in the coming years.

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