Finance Minister highlights strong macroeconomic fundamentals and calls for assessments that reflect structural shifts in emerging economies
New Delhi/Asheville : Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting in Asheville.
The two leaders discussed the global economic outlook and India’s evolving growth trajectory, with particular attention to the structural changes taking place in the Indian economy.
Georgieva appreciated India’s strong economic performance and track record, recognising the resilience and strength that have been built within the Indian economy. The discussion also focused on the need for these structural developments to be appropriately reflected in macroeconomic assessments and growth projections.
India Highlights Strong Macroeconomic Fundamentals
Sitharaman highlighted India’s strong macroeconomic fundamentals and underlined the importance of robust, evidence-based surveillance frameworks that adequately capture structural transformations taking place across Emerging Markets and Developing Economies (EMDEs).
The Finance Minister stressed that macroeconomic assessments should evolve alongside changes in the underlying structure and capabilities of emerging economies, ensuring that projections accurately reflect developments on the ground.
IMF Capacity Development Initiatives Discussed
The meeting also covered the IMF’s capacity development initiatives, including assistance aimed at strengthening institutional capacity, macroeconomic policymaking and statistical systems in EMDEs.
Both sides discussed the importance of enhancing analytical capabilities and strengthening the institutional frameworks required for effective economic policymaking.
The meeting underlined the importance of continued India–IMF engagement in supporting sound macroeconomic policies, strengthening analytical and institutional capabilities and contributing to greater global economic resilience.
In essence, the discussions reflected India’s growing role in the global economy, with New Delhi seeking macroeconomic assessments that better capture its structural transformation while continuing to work with the IMF on stronger institutions, data systems and policies for global economic stability.