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AI Boom Drives Global Trade Growth, Boosting China and India, IMF Says

By Uniquetimesorg October 13, 2026 0

The growing demand for artificial intelligence (AI) has strengthened economic growth in China, India and other Asian countries, while driving global trade beyond its overall growth rate, the International Monetary Fund’s chief economist, Silvana Tenreyro, said on Tuesday. Speaking at the IMF and World Bank annual meetings in Bangkok, she noted that global trade would Continue Reading

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BRICS Finance Chiefs Call for Reform of Global Financial Institutions

By Uniquetimesorg September 11, 2026 0

Finance ministers and central bank governors from BRICS countries have called for reforms to global financial institutions such as the International Monetary Fund and World Bank. They said emerging and developing economies should have a stronger voice in global economic decision-making as their contribution to global growth continues to rise. The finance chiefs also Continue Reading

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India’s Private Sector Growth Accelerates in April Despite Inflation and Global Risks

By Uniquetimesorg April 23, 2026 0

India’s private sector activity picked up pace in April, signaling a strong start to the new fiscal year as both manufacturing and services rebounded after a brief slowdown in March. According to a survey compiled by S&P Global for HSBC, the flash India Composite Purchasing Managers’ Index (PMI) rose to 58.3 from March’s 57.0, remaining […]Continue Reading

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AI “Tsunami” Threatens Jobs, Sparks Calls for Windfall Tax

By Uniquetimesorg February 25, 2026 0

Global experts warn that artificial intelligence could trigger massive white-collar job losses, reshaping labor markets faster than previous technological shifts. IMF chief Kristalina Georgieva described AI as “like a tsunami hitting the labor market,” estimating that 40% of jobs globally—and 60% in advanced economies—could be impacted. Concerns include middle-income job Continue Reading

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Elon Musk Says India and China Are Reshaping Global Economic Power

By Uniquetimesorg January 31, 2026 0

Elon Musk has pointed to a major shift in global economic power, saying “the balance of power is changing” as India and China emerge as the primary drivers of world growth. Sharing data based on IMF estimates, Musk highlighted how emerging economies are increasingly shaping global expansion, while the relative contribution of advanced Western nations […]Continue Reading

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IMF Raises India FY2026 Growth Forecast to 7.3%, Sees Moderation Ahead

By Uniquetimesorg January 19, 2026 0

The International Monetary Fund (IMF) has raised its forecast for India’s economic growth in fiscal year 2026 by 0.7 percentage points to 7.3%, citing strong economic momentum. The upward revision follows India’s National Statistics Office recently increasing its FY2025 growth estimate to 7.4% for the year ending March 31, surpassing the government’s earlier projection Continue Reading

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Fix Land Acquisition, Cut Red Tape to Power India’s Industrial Rise: Gita Gopinath

By Uniquetimesorg December 18, 2025 0

IMF’s former Deputy Managing Director Gita Gopinath has said India must address deep-rooted structural challenges such as complex land acquisition and excessive bureaucracy to emerge as a major industrial and supply-chain hub. Speaking at the Economic Times’ India Economic Conclave, she noted that while India has made strong progress in physical and digital infrastructure, Continue Reading

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IMF sees India’s economy grow at 6.3% in current fiscal year

By uniquetimes December 19, 2023 0

The International Monetary Fund (IMF) has forecasted a 6.3% growth for India’s economy in the current fiscal year and the following one, citing support from macroeconomic and financial stability. According to the IMF’s Article IV consultation report, India’s growth will be sustained by its digital public infrastructure and a robust government Continue Reading

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IMF cuts India’s economic growth forecast to 6.8% in 2022

By uniquetimes October 11, 2022 0

The International Monetary Fund (IMF) joined other international organisations in lowering its forecast for India’s economic growth in 2022 from 6.8% to 6.8% on Tuesday. In its July forecast, the IMF predicted that India’s GDP will rise by 7.4% during the fiscal year that began in April 2022. Even that prediction was less than the […]Continue Reading

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Gita Gopinath becomes first woman and 2nd Indian to feature on IMF’s ‘wall of former chief economists’

By uniquetimes July 8, 2022 0

India-born Gita Gopinath became the second Indian and the first woman to appear on the IMF’s “wall of former chief economists” (IMF). Raghuram Rajan, who served as the IMF’s Chief Economist and Director of Research from 2003 to 2006, was the first Indian to receive the honour. Gopinath joined the IMF in October 2018 as […]Continue Reading