Gita Gopinath Quotes

Here, we’ve compiled a list of the best Gita Gopinath Quotes. Let’s look at these pieces of wisdom. We definitely have something to learn from them!

1
It is important for India to stay the course on fiscal consolidation.
Gita Gopinath
2
The biggest losers from international trade are always those whose skills have a cheaper competitor in a different market.
Gita Gopinath
3
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
4
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
5
Fiscal policy is a very important part of the tool kit for policy makers.
Gita Gopinath
6
Harvard is famous for being an ‘absorbing state’ for faculty with almost no one leaving it for another institution, which is why the decision of granting tenure is a life long commitment.
Gita Gopinath
7
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
8
In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.
Gita Gopinath
9
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
10
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
11
To help resolve conflicts, the rules-based multilateral trading system should be strengthened and modernized to encompass areas such as digital services, subsidies, and technology transfer.
Gita Gopinath
12
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
13
Rather than waiting for a crisis to erupt before intervening, the IMF should provide ‘forward guidance’ on how it will tackle potential disruptions in international financial markets.
Gita Gopinath
14
I guess I am politically very naive.
Gita Gopinath
15
Countries with fiscal space should invest in physical and social infrastructure to raise potential growth.
Gita Gopinath
16
There is a need for greater multilateral cooperation to resolve trade conflicts, to address climate change and risks from cybersecurity, and to improve the effectiveness of international taxation.
Gita Gopinath
17
Across all economies, the imperative is to take actions that boost potential output, improve inclusiveness, and strengthen resilience.
Gita Gopinath
18
The awareness has increased about the need to increase womenwomen participation in the workplace, but there are no amenities to assure that.
Gita Gopinath
19
There was never a perception that I was second-class relative to boys. That gave me confidence.
Gita Gopinath
20
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
Gita Gopinath
21
If you waive loans, it will encourage everyone to opt for more as they think they can get away with it in future.
Gita Gopinath
22
We need to realise that entrepreneurship is not necessarily increasing employment.
Gita Gopinath
23
I think about issues. I use my economic training to devise solutions.
Gita Gopinath
24
Business cycles in emerging markets behave differently from developed markets.
Gita Gopinath
25
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
26
I think GST is a great outcome. There is no ifs and buts about that. It is a transformational event for India.
Gita Gopinath
27
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
28
The term neo-liberal does not have a good definition. It’s mostly used when you are angry with somebody or dislike someone, you call them a neo-liberal. Because otherwise, there is no concrete definition to the term.
Gita Gopinath
29
GDP is a function of capital, labour and how productively you use both.
Gita Gopinath
30
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.
Gita Gopinath
31
Unfortunately, governments do not have a philanthropic approach towards future governments.
Gita Gopinath
32
Being born into a Malayali family that followed a matriarchal system, I always felt loved and had a high sense of self-worth.
Gita Gopinath
33
If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.
Gita Gopinath
34
Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.
Gita Gopinath
35
With all the globalisation that has taken place, countries are a lot more interdependent and therefore ‘coupled.’
Gita Gopinath
36
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
37
Recapitalization has helped in many parts of the world.
Gita Gopinath
38
If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.
Gita Gopinath
39
I am a trained economist.
Gita Gopinath
40
Fiscal policy should balance growth, equity, and sustainability concerns, including protecting society’s most vulnerable.
Gita Gopinath