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

The federal government has introduced the removing 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 companies of Dr Krishnamurthy Subramanian as Govt Director (India) on the Worldwide Financial Fund with fast 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 development forecast for 2025-26, reducing it to six.2 per cent.

This displays a extra cautious outlook amid world 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 development fee forecast of virtually each financial system.

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