Emerging economies News

The RBI Governor made this remark while addressing an event `Governor Talks` on the sidelines of International Monetary Fund-World Bank Spring Meetings.

In its latest World Economic Outlook update, the International Monetary Fund has projected a 7.8 percent growth rate for India in 2019.

Indian economy will grow at a clip of 7.5 percent this fiscal, up from 7.1 percent in the previous year, and remains resilient with low inflation, fiscal prudence and low deficit, Finance Minister Arun Jaitley has said.

Developments surrounding the appointment of new RBI Governor were among the factors last year that weighed down on the Indian markets, according to the Economic Survey.

With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone.

Power Minister Piyush Goyal on Thursday said developed economies are freely using non-tariff barriers and looking at problems of emerging economies with unequal solutions.

For the first time, the four emerging economies – India China, Brazil and Russia -- would be among the 10 largest members of the International Monetary Fund.

The International Monetary Fund`s historic quota and governance reforms that for the first time place four emerging market countries - Brazil, China, India, and Russia - among its 10 largest members have become effective.  

Emerging giants, in particular, showed a worrisome picture in the index used widely used as a gauge of the level of corruption by governments, legal systems, political parties and bureaucracies.

The International Monetary Fund warned of substantial risks in the major emerging market economies Tuesday as it lowered its outlook for global economic growth this year.

"Growth in India is expected to rise above the rates in other major emerging market economies," the IMF said in its latest World Economic Outlook.

India Ratings Monday said the rupee has outperformed most of its peers in the emerging economies and the trend is likely to continue as the chances of US Fed raising interest rate in December are bleak.

Moody's Investors Service today said emerging market (EM) economies with limited foreign exchange buffers are more at risk to a rise in interest rates in the US.

India ranks among the top five sovereign debt issuers from the emerging economies after China, said Moody's Investors Service.

The International Monetary Fund managing director Christine Lagarde Tuesday warned that greater resilience would be needed from the world's emerging economies to handle China's slowdown, warning the road ahead could be "somewhat bumpy".

Capital flows to emerging economies are projected to fall to $981 billion this year, their lowest level since 2009, from $1.05 trillion in 2014.

Rating agency Moody's on Thursday said emerging economies in Asia Pacific region, including India, have a high degree of immunity to external shocks, but will face challenges when the US Federal Reserve begins raising interest rates.

Emerging economies have expressed their deep disappointment over the inability of the US to ratify IMF quota and governance reforms that would give countries like India and China a larger say in the financial bodies' decision making process.

The emerging economies of the G-24 group sharply criticized the United States on Thursday for holding up what they see as critical reforms of the International Monetary Fund.

Emerging markets need to reduce their dependence on external financing and push through internal reforms to differentiate themselves from others, says a report.