Intervention in currency market must be limited: IMF director (Asia-Pacific) Krishna Srinivasan

The IMF director for Asia-Pacific, Krishna Srinivasan, explained the agency’s stance on currency market intervention and other economic policies in an interview. He discussed the impact of China’s slowdown on the Asia-Pacific region and India, emphasizing the strong linkages between countries and the indirect effects of China’s slowdown on the world. Srinivasan also mentioned the gradual shift away from China in global value chains and the potential for India to become a manufacturing hub.