IMF cuts India's growth forecast: The report comes after World Bank slashed India's projected growth from 6.9 per cent in 2018 to 6 per cent in 2019.

Nobel Prize winner Abhijit Banerjee's path breaking book, Poor Economics, was co-written with wife and fellow Nobel laureate Esther Duflo.

An analysis of the impact of demonetisation - published by renowned economists in a working paper brought out by a US institution National Bureau of Economic Research (NBER) - shows that in modern India cash continues to serve an essential role in facilitating economic activities.

Demonetisation caused 3 percentage point decline in jobs, economic activity, says new studyA new study has found that demonetisation led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban. The paper, 'Cash and the Economy: Evidence from India's Demonetisation', written by Gabriel Chodorow-Reich, an associate professor of economics at Harvard; Gita Gopinath, the Econ...

The report says both the RBI and the Centre maintained secrecy prior to the policy's announcement and that the RBI \"did not print and distribute a large quantity of new notes before the announcement\", which led to an immediate shortage of cash

Gita Gopinath is the first woman to become Chief Economist at IMF

This is a downward revision of 0.3 per cent for both the years as compared to the IMF's previous projections early this year, it said.

The overall profile of Rajan, who's a professor at the Chicago Booth School of Business and has served at one of the top institutions across the world, also makes him a suitable choice among the front-runners for the top job at IMF.

The escalation of trade tension between the US and China has the potential to disrupt the global supply chains and jeopardise the projected recovery in growth in 2019, the IMF warned Thursday, over 10 days after President Donald Trump imposed 25 per cent tariff on USD 200 billion worth of Chinese imports.

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent, although the demonetization of high value notes hit businesses and jobs in that financial year

Gita Gopinath flagged concerns over the use of \"deflator\" in the process of estimating GDP.

NYAY scheme: \"The first year they're only aiming for the poorest of the poor who're actually relatively easy to target,\" said MIT Economics professor Abhijit Banerjee.

Noted Professor of Economics at MIT Abhijit Banerjee who was consulted by Congress Party on the NYAY programme had suggested a minimum income guarantee of Rs 2,500 per month, keeping in mind the fiscal discipline. Congress, however, announced a more expansive Rs 6,000 crore a month with an outlay of Rs 3.60 lakh crore. Banerjee who is in India to launch his new book \"What the Economy Needs Now' which is being co-authored with 13 economists, including Raghuram Rajan and Gita Gopinath, Banerjee, speaks to Businesstoday.in editor Rajeev Dubey about the scheme.