India a bright spot on otherwise dark horizon: IMF chief


Washington, Oct 13 (IANS): International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that India deserves to be called a bright spot "on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms".

She was speaking on the fourth day of the IMF and World Bank Annual Meetings at the IMF headqarters here.

"Most importantly, this growth is underpinned by structural reforms," Georgieva told reporters after the meeting.

She was replying to a question on her expectations from India just days before it takes over the presidency of G20.

She also praised India's digitisation process.

Earlier even Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, had praised India's direct benefit transfer scheme.

"From India, there is a lot to learn. There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive," he told reporters.

 

  

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  • Daniel, Mangalore

    Fri, Oct 14 2022

    This economy losses and artificial food crisis mostly western nations all man made specially elite and communist chinese for state controlled dictatorship, (like they piloted in Sri Lanka using green deal to collapse the economy as green deal supports only 5% unlike time tested fossil fuel, Germany again going back to coal, like china.) Same time push bill gates artificial cancerous gmo meat to make billion more and decimate many like his covid virus and his so called vaccine and made billions. ////// For these billionaire and ruthless communist chinese, common man or normal rich like flies, they least bother about others kids or animals ? “We’re taking things that are genetically modified organisms and we’re injecting them in little kids arms. We just shoot ‘em right into the vein.” -Bill Gates !? ///// “Cows alone account for about 6% of Global Emissions…so we need to change Cows…” -Veterinarian, Bill Gates !? If he fineshes off cows with injections buy vast farmland to make it barren for his gmo lab made artificial or synthetic meat, make billions more, it is not surprising! And all for elite and communist world control.

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  • Rakesh, Kaapu

    Fri, Oct 14 2022

    Burnal time for Modi haters ,,IMF too Modi funded…one minute silence to all unhappy souls of India.

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  • Sense_shetty, Mangalore

    Fri, Oct 14 2022

    Many may not be able to digest this fact ..especially the europeans . The way we stayed clear of impending inflation crises like the Srilankans,Many european countries and US itself is reeling under inflation pressure due to short supply of all goods. Its amazing to hear that India did not have food crises and other begging like scenarios we saw in the past . It is clearly an efficient governance mechanism at the top which does not believe in corruption unlike the congress. The problem with congress is that it was corrupt at the top and bottom. Whereas the problem for BJP is corruption at the ground leveldue to mindset by the congress rule for over the 40 plus years

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  • Ravi shetty, Udupi

    Fri, Oct 14 2022

    Gullam anhi manenge!!

    DisAgree Agree [5] Reply Report Abuse

  • Rajesh, Udupi

    Fri, Oct 14 2022

    Sanghi IMF slaves will pronounce now

    DisAgree [2] Agree Reply Report Abuse

  • Daniel, Mangalore

    Fri, Oct 14 2022

    India and china economy shining because of vast population! Unlike western countries where communist chinese and socialist socialists push their population control liberal ideology (abortion, same sex, euthanasia, now sterilization through so called vaccines) slowly to wipe of westerners and fill first foreigners then again do the same thing and fill them with their citizens and make western and whole world communist or bring under communist dictatorship. ( or their New World Order, Great Reset or call it 4th Industrial Revolution along with globalist liberal elite.)

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