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.

News — Highlights

Crisis Deals Sharp Blow to Asian Growth

The impact of the global economic crisis on Asia has been swifter and often deeper than for other regions, partly because of Asia’s export dependence and close integration into the global economy, according to a new report by the IMF.

Asian Growth Losing Steam Fast Amid Global Downturn

Growth in Asia is forecast to slow to 2.7 percent in 2009, dragged down by the global economic and financial crisis, but the region should see a sharp recovery once the world economy regains its footing, the IMF says.

India and the IMF

India: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

June 15,2009
Series: Country Report No. 09/187 

India: Selected Issues

June 15,2009
Series: Country Report No. 09/186 

Overcoming the Great Recession An Address to the Japan National Press Club, Remarks by John Lipsky, First Deputy Managing Director of the International Monetary Fund, at the Japan National Press Club, Tokyo, May 18, 2009

May 18,2009

IMF Survey: Crisis Deals Sharp Blow to Asian Growth

May 5,2009
The impact of the global economic crisis on Asia has been swifter and often deeper than for other regions, partly because of Asia’s export dependence and close integration into the global economy, according to a new report by the IMF.  

Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with India

March 17,2009
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment. 

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Regional Economic Outlook: Asia and Pacific

The May 2009 Asia and Pacific REO looks at the impact of the global financial crisis on Asia. Chapter 1 argues that a sustained recovery will need to await an improvement in the global economy, given Asian economies’ specialization on advanced manufacturing and increasing financial ties with the rest of the world. Indeed, Chapter 2 shows that Asia has typically not recovered until exports have started to revive. An expansionary policy stance would provide insurance against the risks that a delayed global recovery could hurt the corporate and bank sectors, as discussed in Chapter 3. Some useful insights on how to deal with the adverse impact of the crisis may come from Japan’s experience during the 1990s, discussed in Chapter 4.

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