Gita Gopinath Returns to Delhi School of Economics for 75th Anniversary Celebrations

Celebrating Gita Gopinath's Return

Gita Gopinath, the first Deputy Managing Director of the IMF, made a notable return to the Delhi School of Economics (DSE) for its 75th anniversary. Her visit was marked by engagement with students and discussions on India’s economic landscape.

Engagement at the Anniversary Event

During the celebrations, Gopinath connected with Finance Minister Nirmala Sitharaman and discussed economic policies with NK Singh, Chairman of the 15th Finance Commission of India.

Economic Insights and Recommendations

In an interview with NDTV, Gopinath shared critical insights about India’s position as the fastest-growing major economy. While celebrating this growth, she pointed out that job creation has not kept pace. Her strategy involves lowering import tariffs to improve India’s integration into global supply chains.

Fiscal and Taxation Insights

Gopinath highlighted the need to broaden India's tax base and suggested reforms in the GST system to enhance revenue collection.

Call for Broader Reforms

Beyond taxation, she advocated for labor reforms that protect workers while ensuring flexibility in the labor market.

IMF Reforms and Future Outlook

Gopinath urged for reforms within the IMF to reflect the current global economic landscape, emphasizing that significant changes from 1944 necessitate a realignment of quotas.