While Gopinath always wanted to be an economist and later moved to the US for a PhD at Princeton University, Dhaliwal joined the IAS after topping the UPSC Civil Services Examination in 1996
Gopinath said Milei stood out among the many presidents and heads of state she encountered during her tenure at the IMF
Gopinath also defended her recent criticism of a meeting between US President Donald Trump and Chinese President Xi Jinping that featured no women among the roughly 40 officials present
In light of the West Asia conflict, coal gasification is being projected as a bridge to maintain grid resilience, even as renewable energy capacity expands.
Former IMF Deputy Managing Director Gita Gopinath weighs in on the proposed US Section 301 tariffs targeting India and other economies. She says the final implications for India remain unclear as details of the USTR ruling are yet to emerge. Gopinath notes that tariffs not only affect trading partners but can also raise costs and inflation in the United States. Highlighting the uncertainty around US trade policy, she says developments in 2025 have shown that policy direction can change rapidly. Watch her insights on India-US trade negotiations, tariff risks, inflation concerns and the broader impact on global trade and economic growth.
RBI is widely expected to keep the repo rate unchanged at 5.25% in its June policy review, as policymakers balance inflation risks from higher oil prices against signs of moderating economic activity. Former IMF Deputy Managing Director Gita Gopinath has backed a cautious, data-dependent approach, saying the RBI is likely to remain on hold for now.
Speaking to India Today, Harvard professor Gita Gopinath dropped a massive warning on the escalating West Asia conflict and the critical Strait of Hormuz blockade. Gopinath revealed that global supply strains are rapidly worsening, threatening a catastrophic surge from $110 to $140 per barrel by June. She warned that India's heavy Middle East fuel reliance makes severe domestic fuel hikes and creeping inflation inevitable. Stating the government cannot absorb this alone, Gopinath declared that the economic pain must be shared through a higher fiscal deficit and direct price pass-throughs to households.
In her exclusive India Today interview, Harvard professor Gita Gopinath urged the RBI to exercise extreme prudence with its $700 billion Forex reserves as the Rupee hits record lows of 97 per dollar. Challenging conventional panic, Gopinath argued against aggressive market intervention, stating a depreciating currency naturally corrects trade imbalances by rapidly curbing costly imports. Reassuring markets that there is zero evidence of unanchored inflation or financial instability, she emphasised that letting the Rupee adjust organically is a necessary economic mechanism to protect India’s scarce, non-printable foreign exchange assets.
The Indian rupee is falling...know what the condition of the currencies of Pakistan, China, and Bangladesh is
The economist also downplayed fears around the rupee breaching 100 against the US dollar, saying policymakers should focus more on jobs, inflation and growth. “The relevant number is not the actual value of the exchange rate,” she said.
In an exclusive interview with India Today, former IMF Deputy Managing Director and Harvard professor Gita Gopinath warned that the ongoing West Asia conflict could severely impact the Indian and global economy. She cautioned that crude oil prices could surge to 140 dollars a barrel if tensions continue, leading to more fuel price hikes, inflationary pressure and slower growth. Gopinath said India is facing a major external shock due to its dependence on Middle East energy supplies, but added that the economy still has resilience through strong reserves and infrastructure spending. She also argued that a weaker rupee should not trigger panic, stressing that adjustment through prices and exchange rates is necessary during crises.




