Gita Gopinath
Gita Gopinath

The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

Gita Gopinath
Gita Gopinath

Portfolio investment, often called 'hot money' because of its volatile nature, can increase the economy's vulnerability to the vagaries of international finance. Foreign direct investment, on the other hand, is far more stable and driven by domestic fundamentals.

Gita Gopinath
Gita Gopinath

The biggest losers from international trade are always those whose skills have a cheaper competitor in a different market.

Gita Gopinath
Gita Gopinath

The awareness has increased about the need to increase womenwomen participation in the workplace, but there are no amenities to assure that.

Gita Gopinath
Gita Gopinath

GDP is a function of capital, labour and how productively you use both.

Gita Gopinath
Gita Gopinath

Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to tackle external imbalances before they become too risky.

Gita Gopinath
Gita Gopinath

By promising to intervene in vulnerable markets in the event of excessive financial volatility, the IMF, as the largest player, would reduce coordination problems among investors.

Gita Gopinath
Gita Gopinath

There was never a perception that I was second-class relative to boys. That gave me confidence.

Gita Gopinath
Gita Gopinath

I think about issues. I use my economic training to devise solutions.

Gita Gopinath
Gita Gopinath

An intensification of trade or geopolitical tensions - with negative repercussions for global growth and risk appetite - could affect economies that are highly dependent on foreign demand or external financing.

Gita Gopinath
Gita Gopinath

When I was doing my bachelors from Delhi University, India experienced its first major external financing and currency crisis in 1990-91. This inspired me to pursue graduate work in economics and was the foundation for my interest in international finance.

Gita Gopinath
Gita Gopinath

Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily in the event of self-fulfilling debt crises.

Gita Gopinath
Gita Gopinath

We need to realise that entrepreneurship is not necessarily increasing employment.

Gita Gopinath
Gita Gopinath

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

Gita Gopinath
Gita Gopinath

Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.

Gita Gopinath
Gita Gopinath

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

Gita Gopinath
Gita Gopinath

I don't attach any labels to myself and if I can be of any help to Kerala in terms of thinking about some of the economic issues there, provide my input which can be taken or discarded, I thought that would be a good thing to do.

Gita Gopinath
Gita Gopinath

I guess I am politically very naive.

Gita Gopinath
Gita Gopinath

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

Gita Gopinath
Gita Gopinath

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.