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Gita Gopinath helped navigate the fund through global economic uncertainty, including the COVID-19 pandemic.
Growth will slow as economies grapple with supply disruptions, higher inflation, record debt and persistent uncertainty, First Deputy Managing Director Gita Gopinath said.
Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has served as the IMF's chief economist for three years.
She made history as the first female Chief Economist of the Fund and we benefited immensely from her sharp intellect and deep knowledge of international finance and macroeconomics as we navigate through the worst economic crisis since the Great Depression.
The IMF report showed India continuing to be the world's fastest-growing major economy clocking a growth rate of 9.5 per cent this fiscal year and 8.5 per cent in the next.
With the unprecedented growth rate projection of 12.5 per cent not seen in modern times, India also regains its status as the world's fastest-growing economy.
Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people.
These women will have the leading role in guiding international financial policy as the world economy faces its severest stress in more than a decade.
The country's Gross Domestic Product during the entire fiscal in consideration grew at a lower rate of 7.1 per cent.
The International Monetary Fund (IMF) projected the global growth at 4.9 per cent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook forecast.
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