IMF Chief Exclusive | 2023 may be worse than 2022 for the global economy, says Kristalina Georgieva https://www.cnbctv18.com/economy/imf-chief-exclusive-interview-inflation-recession-2023-economic-outlook-kristalina-georgieva-14692481.htm Talking about India's performance, The IMF chief said the country is performing well quarter on quarter, in terms of growth, but still underperforming by way of regional metrics. She said harvests could be lower next year and food prices could be greatly impacted. "Fiscal spaces have shrunk during and after the pandemic, which make for a difficult time. It is important that the world coordinates and comes together, despite existing fragmentation," she said. Talking about the recent export restrictions India has levied, Georgieva said that it is doing the same only selectively and then removed them when the conditions improve. "It is not in the interest of India to entice others to impose trade restrictions since it comes in the way of open and free trade," she said
"India's digital ecosystem is on steroids as cryptos have emerged strongly without regulations. It is important to remember that cryptos are like the wild wild west," she said.
The Prime Minister has emphasized on advantages of leveraging India's experience in digitisation, she said, adding that a more pragmatic roadmap can be worked out with clear deliverables. "It would be fantastic if India uses its leadership to ensure more transparency and data ownership," she said.
In Conversation With IMF Chief Kristalina Georgieva | Global Dialogues | CNBC-TV18 https://www.youtube.com/watch?v=ES4rYpLa9pw
1,235 views Premiered Sep 9, 2022 Shereen Bhan speaks to IMF Chief Kristalina Georgieva on the global recession fears, rising debt across EMs, energy crisis in Europe & the prospects for India's economy amidst all the challenges.
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