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New Delhi, India

New Delhi. Photo by sir_watkyn

India Resident Representative Site

Resident Representative Office in India

This web page presents information about the work of the IMF in India, including the activities of the IMF Resident Representative Office. Additional information can be found on the India and IMF country page, including IMF reports and Executive Board documents that deal with India.

Statement

Mr. Gerry Rice, IMF Spokesperson and Director of Communications Department, issued the following statement:

“The Central Statistical Office (CSO) of India released revised estimates of GDP in January 2015. The revised estimates are compiled according to the guidelines of the 2008 System of National Accounts and the base year was updated. However, the data are only available for three years—2011-2014. The GDP estimates incorporate new source data and modified compilation techniques. In response to a longstanding request from the CSO and Ministry of Finance, a team from the International Monetary Fund (IMF)’s Statistics Department visited New Delhi during April 22 to May 5. The team reviewed the methodology of the new GDP estimates and provided guidance on back-casting the series so that a longer revised series is made available to users. The team’s visit was part of the IMF's regular program of providing technical assistance to member countries for capacity building. Reports about the team auditing India’s newly adopted GDP methodology were incorrect.”

News — Highlights

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IMF Working Paper: "Fair Weather or Foul? The Macroeconomic Effects of El Niño"

April 30, 2015 click for more

South Asia: Consolidating Gains in the Post-Crisis Era

South Asia Regional Update, November 2014 click for more

South Asia: Consolidating Gains in the Post-Crisis Era

By Thomas Richardson, IMF Senior Resident Representative – India/Nepal/Bhutan, South Asia Economic Summit: “Towards South Asia Economic Union”, November 6, 2014 click for more

IMF Asia and Pacific Regional Economic Outlook In global context, with implications for India

By Thomas Richardson, IMF Senior Resident Representative in India, Indian Institute of Management – Bangalore June 14, 2014 click for more

India Economic Outlook, 2014 Article IV Report

By Thomas Richardson, IMF Senior Resident Representative – India/Nepal, February21, 2014 click for more

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India and the IMF

Podcast : Building Up India's Infrastructure Capacity

July 31, 2015
India has invested nearly half a trillion dollars in its infrastructure over the last decade, but finding the funding for mega-projects is only half the challenge. The head of one of the country’s leading infrastructure finance companies explains. click for more

Price and Income Elasticity of Indian Exports—The Role of Supply-Side Bottlenecks

July 17, 2015
Author/Editor: Mehdi Raissi ; Volodymyr Tulin
Series: Working Paper No. 15/161
 click for more

Drivers of Financial Integration – Implications for Asia

July 17, 2015
Author/Editor: Nasha Ananchotikul ; Shi Piao ; Edda Zoli
Series: Working Paper No. 15/160
 click for more

The Quest for the Holy Grail : Efficient and Equitable Fiscal Consolidation in India

July 13, 2015
Author/Editor: Chadi Abdallah ; David Coady ; Sanjeev Gupta ; Emine Hanedar
Series: Working Paper No. 15/152
 click for more

2015 External Sector Report - Individual Economy Assessments

June 29, 2015
Subject: External sector | Current account | Capital account | Capital flows | Real effective exchange rates | Foreign exchange | Intervention | Developed countries | Emerging markets | Cross country analysis | External Sector Report click for more

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Regional Economic Outlook: Asia and Pacific

image from the publication cover

The economic outlook for Asia and Pacific is stable and robust, with growth expected to hold steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, according to the latest Regional Economic Outlook for Asia and Pacific, published on May 7, 2015.

Although Asia will remain the global growth leader, vulnerabilities associated with increased domestic and foreign debt are rising. Potential growth is likely to slow, reflecting weaker productivity gains, and the effects of aging populations and infrastructure bottlenecks in some countries.

The report finds that monetary and fiscal policy settings are broadly appropriate, but boosting resilience and potential growth remain top priorities, with structural reforms continuing to play a big role. The report also explores Asia's role in global value chains and the factors affecting financial integration within Asia.
Click for more

Scam Alert

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.

Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.

If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.

Additional general information on scam e-mails may be found at the following websites:
1) http://www.lookstoogoodtobetrue.com/
2) http://www.treas.gov/press/releases/js1130.htm

Resident Representative for India

Thomas Richardson, Senior Resident Representative
Thomas Richardson
Senior Resident Representative
in New Delhi, India
Tel: +91-11-6605-0300
Email: rr-ind@imf.org


The IMF office in India covers Bhutan and oversees the IMF office in Nepal.