Showing posts from March 13, 2016

"An unprecedented opportunity for transformation" : IMF chief Christine Lagarde

Appreciating continuing reform process in the country, IMF chief Christine Lagarde on Saturday said “India’s star shines bright” amid global economic challenges and can deliver nearly two-thirds of the worldwide growth over the next four years despite a slowing momentum. The world’s fastest-growing large economy, she said, is on the verge of having the largest and youngest-ever workforce and, in a decade, set to become the world’s most populous country. “So, India stands at a crucial moment in its history — with an unprecedented opportunity for transformation . Important reforms are already under way,” the IMF managing director said at a conference on ‘Advancing Asia: Investing for the Future’ here. “Think, for example, of Make-in-India and Digital India. And with the promise of even more reforms to come, India’s star shines bright.” “Over the next four years, even with a slightly declining momentum, it stands to deliver nearly two-thirds of global growth,” she added