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INDIA MUST CONTINUE REFORMS FOR SUSTAINED GROWTH: IMF

The Business Guardian

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April 21, 2024

India is on a sustained growth path driven by consumption and public investments, India’s economic performance stands out against a backdrop of global uncertainties said Krishna Srinivasan IMF Director, Asia and Pacific Department in an Exclusive interview to ANI.

“Growth at 6.8% in 202425 is an impressive number. And this is largely led by private consumption and public investment” said Srinivasan.

Srinivasan says India has successfully navigated from the multiple shocks in the past starting from pandemic to recent tensions in gulf. While acknowledging India’s growth potential, he also underscored the need for reforms in India to fully capitalize on demographic advantages.

Emphasizing significant investment in education, healthcare, changes in labour laws, and business environment, he highlighted the imperative of collective efforts of centre and states to ensure India realizes its economic potential.

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