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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.

News — Highlights


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

World Economic Outlook January 2014 Update

By Thomas Richardson, IMF Senior Resident Representative - India/Nepal click for more

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India and the IMF

Transcript of the Asia and Pacific Department Press Briefing

April 17, 2015

IMF Survey : Uneven Global Recovery, Complex Underlying Currents

April 14, 2015
Global growth prospects are uneven across major economies, says the IMF&rsquo;s latest <i>World Economic Outlook</i> (WEO)<i>.</i> In advanced economies, growth is projected to strengthen in 2015 relative to 2014, but in emerging market and developing economies it is expected to be weaker. click for more

Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+

March 25, 2015
Author/Editor: Serhan Cevik ; Carolina Correa-Caro
Series: Working Paper No. 15/68
 click for more

Spillovers from Unconventional Monetary Policy—Lessons for Emerging Markets, by Christine Lagarde, IMF Managing Director

March 17, 2015

Press Release: IMF Managing Director Meets Prime Minister Modi, Announces High Level Regional Conference

March 17, 2015

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Regional Economic Outlook: Asia and Pacific

image from the publication cover

Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up. 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:

Additional general information on scam e-mails may be found at the following websites:

Resident Representative for India

Thomas Richardson, Senior Resident Representative
Thomas Richardson
Senior Resident Representative
in New Delhi, India
Tel: +91-11-6605-0300

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