Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Pace of economic reforms in India unlikely to continue in election year: IMF chief

Author: PTI/Friday, April 20, 2018/Categories: Economy

Pace of economic reforms in India unlikely to continue in election year: IMF chief

By Lalit K Jha

Washington - IMF chief Christine Lagarde today said she does not expect the pace of economic reforms in India to continue in an election year.

She made the remarks during an interaction with reporters at the start of the spring meeting of the international finance organisations.

"We have seen and we are seeing, I'm not sure that we will be seeing in the next few months given the, elections that are coming up, but we have and we are seeing major reforms that we had recommended and advocated for a long time," she said responding to a question on economic reforms in India.

The Managing Director of the International Monetary Fund said she does not expect the pace of economic reforms to continue in an election year.

"Whether you talk about the GST, whether you talk about reforms of the bankruptcy law, those are good reforms. Hopefully it will continue to position India in order to reap the benefit of the upswing, continue to develop its internal markets and generate this excellent growth rate of 7.4%, which is one of the highest in the emerging market economies," Lagarde said.

"We expect more and you know, whether it's in the banking sector or in other sectors, more reforms are expected," she said.

On Tuesday, the IMF said India is expected to grow at 7.4% in 2018 and 7.8% in 2019, leaving its nearest rival China behind respectively at 6.6 and 6.4% in the two years.

Print Rate this article:
No rating

Number of views (109)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free