imf chief hails india as bright spot in world economy
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Ahead of talks in New Delhi with PM Narendra Modi

IMF chief hails India as 'bright spot' in world economy

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice IMF chief hails India as 'bright spot' in world economy

India has 'opportunity to become one of the world's most dynamic economies'
New Delhi - Arab Today

International Monetary Fund chief Christine Lagarde hailed India as the bright spot of the global economy on Monday ahead of talks in New Delhi with Prime Minister Narendra Modi.
While Lagarde urged Modi to do more to open up the economy, she said India had the "opportunity to become one of the world's most dynamic economies" with growth running at above seven percent.
"Among the emerging markets, and compared to advanced economies, India is the bright spot," the former French finance minister told The Times of India newspaper.
Since Modi came to power last May, inflation has fallen to around five percent while revised gross domestic product (GDP) data has put growth for the current financial year at 7.4 percent, meaning Asia's third largest economy is now outpacing China.
A fall in global crude prices has also been a major boon to a country that is one of the world's biggest oil importers.
Lagarde welcomed the government's first full budget last month for striking "a good growth-equity balance" and praised Modi's drive to make India a major manufacturing hub and an easier place to do business.
But she also outlined a series of areas where the government needed to do more to encourage investment.
"The economy should be opened more fully to the world, and there's a good case for removing domestic constraints on growth, especially in energy, mining and power," she said.
"Further reforms of India's complex labour laws to encourage young job-seekers and boost female labour participation, as well as easing of land acquisition and other clearances, will help revive the investment cycle and achieve faster growth."
Lagarde is paying a two-day visit to India, her first since the right-wing Modi replaced the centre-left Congress party in government.
As well as her talks with top officials, she is also due to deliver a keynote speech in New Delhi before travelling to the financial capital Mumbai for meetings on Tuesday.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf chief hails india as bright spot in world economy imf chief hails india as bright spot in world economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf chief hails india as bright spot in world economy imf chief hails india as bright spot in world economy

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 04:33 2017 Wednesday ,22 March

Penelope to play Versace

GMT 11:26 2017 Friday ,03 February

Member of criticizes Egypt’s government

GMT 07:23 2017 Wednesday ,23 August

Hot, humid weather on Wednesday

GMT 19:56 2017 Monday ,18 September

Hail lashes parts of UAE, dust warnings issued

GMT 09:40 2017 Saturday ,30 December

UAE cancels Tunisia handball games amid row

GMT 11:40 2017 Tuesday ,17 October

Al Naqash confident of his team’s ability

GMT 14:41 2017 Saturday ,27 May

Spaniard Casado storms

GMT 07:57 2011 Monday ,19 September

Last 4 clubs set in African Champions League

GMT 04:11 2012 Thursday ,15 March

History to air auction show \'Sold!\'

GMT 19:40 2011 Thursday ,29 September

Arab American comedians unwind at New York festival

GMT 18:23 2017 Wednesday ,15 March

Williams Stays Ahead in Unchanged WTA Top 10

GMT 23:26 2015 Sunday ,22 February

Egyptian concert to be held in Austria
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice