IMF not only stabilizes global financial systems but also provides financial aid during crises and promotes economic stability through policy advice and surveillance. 190 countries are a part of The IMF. The United States, United Kingdom, Japan, France, Italy, and India are some of the member countries. India became the founder member of the IMF in December 1945 even before independence. At some point in time for a while, India was the 5th largest shareholder.
Benefiting from robust growth propelled by economic reforms, particularly in areas such as digitization and infrastructure, India has risen as a standout performer. According to the International Monetary Fund's statement on Monday, India is anticipated to contribute over 16 percent to global economic growth.
For a considerable period, we have noted India's sustained and robust economic growth. Among its peer nations, India stands out as a star performer in terms of real growth, being one of the fastest-growing large emerging markets. According to our current projections, India is expected to contribute over 16 percent to global growth this year, as stated by Nada Choueiri, representing the Mission of India at the IMF in an interview with the agency. Choueiri emphasised that a proactive government initiative in logistics and infrastructure could effectively steer the economy amidst global challenges. She also underscored the significance of prioritising digitalization, positioning India on a robust trajectory for future growth and enhanced productivity.
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INDIA'S ROLE IN MULTILATERAL FORUMS
In the last 5 years, there has been tremendous growth in the tendency to join bilateral agreements in the multipolar world.
SAFEGUARDING THE INTEGRITY OF LIFE-SAVING MEDICINES
THE PIVOTAL ROLE OF AUTHENTICATION TECHNOLOGIES
CELEBRATING INDO-EUROPEAN PARTNERSHIP IN INTERNATIONALISATION OF HIGHER EDUCATION ON EUROPE DAY
India's relationship with Europe dates back to the 1960s when it became one of the first countries to establish formal relations with the European Economic Community (EEC) (European University Institute, 2012).
EMPOWERING AFRICA'S YOUTH STRATEGIES FOR CREATING INCLUSIVE AND RELEVANT EDUCATION
Today, African youths are increasingly taking an active role in shaping their future. In Accra, Nairobi, Cairo or Benguerir, fully-fledged startup scenes are disrupting how we think about African agriculture, industry, IT and sustainability.
INDO-RUSSIAN EDUCATION SUMMIT HELD IN NEW DELHI
On April 11-13, New Delhi hosted the Indo-Russian Education Summit, which became the largest event of its kind in the history of bilateral relations.
CUBA ÃNICA
On April 19, 2024, the Embassy of Cuba in New Delhi, in collaboration with Melia Hotels International, hosted an engaging session to strengthen ties between Indian and Cuban stakeholders in the promotion of Cuban tourism within India.
PECANS THE NEXT BIG THING IN HEALTHY EATING
Picture this: a brain-like nut, reminiscent of the beloved walnut, adorned the invite, capturing attention and curiosity in equal measure.
25 YEARS OF INDIA-DOMINICAN REPUBLIC FRIENDSHIP
The Embassy of the Dominican Republic in New Delhi commemorated the 25th anniversary of Diplomatic Relations with India at a reception hosted at Hotel Imperial on May 7, 2024. Dr. S. Jaishankar, Minister of External Affairs, graced the occasion as the chief guest.
EXPLORING KOREAN CULTURE IN NEW DELHI
Korea, a land of rich traditions and modern wonders, has captivated the world with its cultural exports ranging from K-POP sensations to delectable cuisine.
CHARTING A COURSE
INDIA'S FOREIGN POLICY PRIORITIES IN THE CHANGING GLOBAL LANDSCAPE