Dr KV Subramanian Eliminated As India’s IMF Director 6 Months Earlier than Time period Finish | Economic system Information

New Delhi: Krishnamurthy Subramanian has been relieved of his duties as Govt Director (India) on the Worldwide Financial Fund (IMF), based on an official assertion issued by the federal government on Friday. The choice was made via an order dated April 30, 2025.

The federal government has introduced the elimination of Dr Krishnamurthy Subramanian from his function as Govt Director (India) on the Worldwide Financial Fund (IMF). “The Appointments Committee of the Cupboard has authorised the termination of providers of Dr Krishnamurthy Subramanian as Govt Director (India) on the Worldwide Financial Fund with instant impact,” an official order issued by the Ministry of Personnel learn.

Subramanian took cost as India’s consultant on the IMF in August 2022. Earlier than that, he served because the nation’s seventeenth Chief Financial Advisor from 2018 to 2021. In the meantime, on April 22, the Worldwide Financial Fund (IMF) revised India’s progress forecast for 2025-26, decreasing it to six.2 per cent.

This displays a extra cautious outlook amid international commerce disruptions posed by the reciprocal tariffs by the US and home challenges. In its World Financial Outlook (WEO) report for April, it slashed the financial progress price forecast of virtually each economic system.

 In its annual publication, the worldwide physique stated that the expansion outlook for the Indian economic system is comparatively extra steady at 6.2 per cent in 2025 (Fiscal 2025-26). The expansion of the Indian economic system is supported by personal consumption, particularly within the rural areas, however this price is 0.3 proportion factors decrease than within the January 2025 WEO estimate, impacted by commerce tensions and international uncertainties. (With ANI Inputs)