Close X
Sunday, November 24, 2024
ADVT 
India

India Among World's Fastest Growing Large Economies: IMF

IANS, 22 Mar, 2019 08:27 PM

    India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done.


    Responding to a question on India's economic development in the last five years at a fortnightly news conference here, IMF communications director Gerry Rice Thursday said, "India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven per cent over the past five years."


    "Important reforms have been implemented and we feel more reforms are needed to sustain this high growth, including to harness the demographic dividend opportunity, which India has," he said.


    Details about the Indian economy would be revealed in the upcoming World Economic Outlook (WEO) survey report to be released by the IMF ahead of the annual spring meeting with the World Bank next month, he said.


    This report would be the first under Indian American economist Gita Gopinath, who is now IMF's chief economist.


    "The WEO will go into more details. But amongst the policy priorities, we would include accelerate the cleanup of banks and corporate balance sheets, continue fiscal consolidation, both at centre and state levels, and broadly maintain the reform momentum in terms of structural reforms in factor markets, labour, land reforms and further enhancing the business climate to achieve faster and more inclusive growth," Rice said.

     

    MORE India ARTICLES

    Punjab Democratic Alliance’s First List Out, Khalra’s Widow Among 7 Candidates

    The Punjab Democratic Alliance (PDA) today announced human rights activist Jaswant Singh Khalra’s wife Paramjit Kaur Khalra and sitting MP Dr Dharamvira Gandhi in the first list of seven candidates.

    Punjab Democratic Alliance’s First List Out, Khalra’s Widow Among 7 Candidates

    No Electoral Alliance With Congress In Any State: Mayawati

    No Electoral Alliance With Congress In Any State: Mayawati
    In a setback to the prospects of an opposition grand alliance to take on the ruling BJP in the Lok Sabha election

    No Electoral Alliance With Congress In Any State: Mayawati

    Gandhi Wanted Congress Disbanded In 1947: PM Modi

    Gandhi Wanted Congress Disbanded In 1947: PM Modi
    On the very day when the Congress is to kick-off its 2019 Lok Sabha campaign from the Prime Minister's home turf with its working committee meeting in Ahmedabad

    Gandhi Wanted Congress Disbanded In 1947: PM Modi

    ‘Hafiz Ji’ Comment Was Pun; Video Should Be Shown In Entirety: Ravi Shankar Prasad

    ‘Hafiz Ji’ Comment Was Pun; Video Should Be Shown In Entirety: Ravi Shankar Prasad
    Under attack by the opposition over his ‘Hafiz ji’ comment, Union Minister Ravi Shankar Prasad on Tuesday said his one-year-old statement was kind of a pun

    ‘Hafiz Ji’ Comment Was Pun; Video Should Be Shown In Entirety: Ravi Shankar Prasad

    Congress Trains Guns On NSA Ajit Doval: Attacks Him In Rallies, Digs Out 2010 Interview

    Congress Trains Guns On NSA Ajit Doval: Attacks Him In Rallies, Digs Out 2010 Interview
    Maulana Masood Azhar, the JeM chief was captured by Indian forces and was released in exchange for the passengers and crew of Indian Airlines IC814, which was hijacked by terrorists and taken to Kandahar of Afghanistan

    Congress Trains Guns On NSA Ajit Doval: Attacks Him In Rallies, Digs Out 2010 Interview

    India Bans Boeing 737 Max 8 Aircraft In Wake Of Ethiopian Airlines Crash

    India banned the use of Boeing 737 Max 8 aircraft by the country’s airline companies in the aftermath of Ethiopian Airlines crash

    India Bans Boeing 737 Max 8 Aircraft In Wake Of Ethiopian Airlines Crash