India is gaining credibility on the global stage due to the Union government’s efforts to stick to fiscal targets, says Gita Gopinath
Gita Gopinath, who is currently serving as a professor of Economics at Harvard University, highlighted the recent labour reforms as a step in the right direction
One big hurdle for India to be a big industrial power is land acquisition, which remains very complicated, says Gita Gopinath
Gita Gopinath recently wrote that global exposure to U.S. equities is at record highs, and that a sharp correction now would inflict more severe global damage than even the dot‑com crash.
Like Gita Gopinath, many experts and critics have called out Trump’s policies, highlighting that increased tariffs is not the answer.
The debate around the greenback’s future is not new. Investors have long worried about America’s ballooning debt, trade tariffs, and more recently, the pandemic’s fiscal fallout. Yet, as Gopinath pointed out, a currency’s importance depends far less on trade volume than many assume.
Managing Director Kristalina Georgieva praised Gopinath as an “exceptional intellectual leader” who helped steer the IMF through the pandemic and the global economic fallout of Russia’s invasion of Ukraine.
The IMF has flagged the return of Trump's trade war as a sharper threat to emerging economies than Covid-19. Tariffs are creating asymmetric shocks, pushing central banks into increasingly difficult decisions.
Subramanian dismissed the idea that fiscal interventions like tax cuts can stimulate demand, arguing that the real issue is weak employment, investment, and income growth.
Raghuram Rajan pointed out that infrastructure alone cannot drive sustained economic growth, stressing that consumption, once a key growth driver, is now faltering
India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter due to poor performance of manufacturing and mining sectors as well as weak consumption.





