Gita Gopinath Exclusive On Is India's Growth Finally Back On Track? | Newstrack With Rahul Kanwal

India set to be the fastest growing economy in the world. IMF projects India's FY22 growth at 9.5%. IMF Chief Economist Gita Gopinath speaks exclusively to Rahul Kanwal of India Today on Indian economy, coal shortage and more. She also spoke about talks about Air India privatisation and growing inflation.
India's economy, which contracted by 7.3 per cent due to the Covid-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

#IMF #GitaGopinath #IndiaEconomy #NewsTrack #IndiaToday

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[TheDURWAS]

Gita is one of the reason i personally started following Macro economics 🥺🥺. Modi Ji, once Her Term is over at IMF, get her back to India. Finance ministry needs her.

[virendraSingh-jesx]

Githa, feel proud of you, being on higher position in IMF and your learnings.

[nathansubramanian]

Percentages can be misleading sometimes. Botswana is projected to have GDP growth rate of 36% in 2021 (as compared to 9.5% of India). It does not mean Botswana is about to become a world superpower. By contrast, the US is projected to grow by 6% in 2021, but due to their huge base of $22.7 trillion, a 6% growth will mean a further increase of an astounding $1.35 trillion. Thus, in a single year the US will add value to their economy (just the increase) that will be equal to almost Half of India's TOTAL GDP of $3 trillion. India on the other hand may be projected to grow by 9.5%, but it will add only a paltry $ 0.285 trillion value to its economy, due to its low base. China is in a similar situation to the US, due to its huge base. Countries with a huge economy base will add a lot more to their economy even at much lower GDP growth. If India really wishes to catch up with China and the US, it will need to consistently grow at double-digit (between 10 and 15%) for at least 20 years, just as China did during its peak growth years in the 1990s and early 2000s.

[opg]

I still can't believe that she is 49 🙄

[shaneramfol]

WHEN BHARAT IS DOING WELL THE WHOLE OF BHARAT IS PROSPERING. WHY ARE SOME OF THE PEOPLE LIVING IN BHARAT UNHAPPY.

[skeptic]

Gita Gopinath is so sharp, feel really proud as an Indian that she is in such a key position at the IMF.

[virendraSingh-jesx]

Investment in infrastructure, support to some sectors of manufacturing and export will drive economy of India. However, lesser consumption, slow down of global and Chinese economy and continued risk are major concerns for India.

[atishk]

Rahul is the most negative person I have ever Heard, loaded with pessimism.

[josealexander]

Gita Gopinath was former financial advisor to Kerala Govt. I hope that India's economic growth will go up on 2021. Unless there is increased tension between India and China would affect growth.

[fxoobic]

Malayali poli yada...
Chechi polichu...👏👏👏

[sanjeevchadha]

IMF has always been very conservative when it comes to India's growth numbers and always way too optimistic of China's ..Whatever Gita Gopinath may claim, IMF like World Bank has always facilitated China to massage its growth figures which in turn has enabled it to entice venture capitalists and pension funds of all shades and hues to put their money in Chinese economy..

[roxymax]

0:40 He's about to say one of the hottest and look at her, she got it

[dev]

How india economic going to catch up with Japan China USA with 3rd class infrastructure.
How india going make products for world market like China if run with backdated machines.
How india going to create more jobs for its people if the government concentrate more on unnecessary political rather than economic matters.
India badly need change otherwise india will stay poor forever which can leads India to become next Soviet Union .

[lovekanaujia]

21:50 wtf is "festive' season
Its DIWALI season

[SCherian]

For all who don't know, this is based on last financial year. As she said the recovery points are different.

India is having a higher growth rate is because the growth crashed last year unlike for other countries..
It is a good sign true but it's incomplete and the disparity between the big companies and the smaller ones are widening.

[sudarshankumar]

Gita Gopinath !!! Your analysis has been you don't know this person Rahul may not be happy and this guy utter english words on economics without making any sense to them.

[syams]

Madam please don't get in to conversations with biased news anchors who are getting paid to work for their bosses

[akashbabu]

i thought she was indian she is actually a us citizen

[bcp]

Githa god bless you plz influence some invester in usa to invest in india 😃

[anandhunt]

Indian Inflation is unique in the world, no nation or country has faced inflation like india has witnessed and it robbed indian citizens of living a good and happy life.
The kind of economic destruction we are seeing in this current government is almost similar to war like and not even seen during economic emergency of 90s. Its not an anti government statement, its a well studied statement