International Monetary Fund

Please send us your feedback
follow me on twitter

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.

Advancing Asia Conference


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


South Asia Regional Update, October 2015

South Asia: Robust Growth Amid Global Uncertainty click for more

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

Click for More click for more

India and the IMF

IMF Survey : Overheard at the Spring Meetings

April 27, 2016
The world’s economic leaders and stakeholders gathered at the 2016 IMF-World Bank Spring Meetings to tackle today’s global challenges—a slowing economy, the refugee crisis, and other global risks to stability—and forge the path towards more sustainable solutions. click for more

Transcript of Asia and Pacific Department Press Briefing

April 14, 2016

Transcript of the Press Conference on the Release of the April 2016 Global Financial Stability Report

April 13, 2016

IMF Survey : Conference Highlights Asia’s Advancing Role in the Global Economy

March 15, 2016
Maintaining high growth, boosting job creation, and making further gains in reducing poverty are top policy priorities, Asian policymakers declared at a conference in New Delhi, India. click for more

Press Release: Statement by IMF Managing Director Christine Lagarde at the Conclusion of the Conference on “Advancing Asia: Investing for the Future"

March 13, 2016

Click for More click for more

Regional Economic Outlook: Asia and Pacific

image from the publication cover

While Asia's growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015-16, remaining the global growth leader. Asia's growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China's demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia's growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth. 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.