India has worked on fundamentals, but problems needs to be addressed; projecting strong growth for country: IMF
5 years, 2 months ago

India has worked on fundamentals, but problems needs to be addressed; projecting strong growth for country: IMF

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Washington: The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed. The IMF on Tuesday trimmed India’s growth forecast by 90 basic points to 6.1 percent. They ought to help resolve some of these issues,” IMF managing director Kristalina Georgieva told reporters at a news conference here. Georgieva said there has been “a very strong growth” in India over the last years and the IMF is projecting reasonably strong growth for the country.

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