India Post News Paper

 Breaking News

Urgent need for more ambitious structural and financial sector reform measures in India: IMF

Urgent need for more ambitious structural and financial sector reform measures in India: IMF
February 14
11:35 2020

WASHINGTON: India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.

Responding to a question on the budget presented by Union Finance Minister Nirmala Sitharaman, International Monetary Fund (IMF) spokesperson Gerry Rice said the economic environment in India is weaker than what the organisation had forecast earlier.

“While the budget touches on ongoing sectoral efforts, there remains an urgent need for more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy, anchored in tangible revenue and expenditure measures, especially given rising debt levels,” Rice told reporters.

“The environment is weaker than what we had forecast earlier, that a more accommodative fiscal stance, this year, is appropriate, so that more accommodative fiscal stance in the budget, we think, is appropriate, he said.

“But, over the medium term, to be looking at a fiscal consolidation strategy, Rice said.

The IMF in January lowered India’s economic growth estimate for the current fiscal to 4.8 per cent. PTI

Comments

comments

Related Articles

Polls

Is Biden doing enough to Stop Hate Crimes in US?

View Results

Loading ... Loading ...

E-paper Latest Edition

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

Jobsora Jobs

POPULAR CATEGORIES

Follow us On Twitter

@AamAadmiParty: BREAKING‼️ AAP National Convenor & Delhi CM Shri @ArvindKejriwal to visit Punjab tomorrow. Punjab wants Change!
h J R
NCERT Class 10 Guidance: Why is your child not able to ... - https://t.co/e5yVmPz9rF Get your news featured use #IndiaPostUSA #CueMath #CueMathFees #CueMathLeap #CueMathMeaning #CueMathTutor #CUeMathUpdates #MathAnxiety #NCERTClass10Guidance #NcertSolutionsForClass10Maths
h J R

Download Media Kit

India Post Media Kit