According to a top official of the International Monetary Fund (IMF), despite global uncertainty and headwinds, the Indian economy will maintain its position as one of the fastest growing economies in the world. The IMF’s fiscal monitor report has projected India’s growth rate to be 9.5% in 2021. Furthermore, the report noted the significant increase in government spending by the Indian government to support the economy amid the COVID-19 pandemic. The IMF official also emphasized on the need for India to prioritize expenditure reforms and strengthen financial sector regulations to ensure long-term economic growth.
Today: December 9, 2023