Confident that Indian economy is increasingly on a stable footing, IMF on Sunday said that further progress is required on the long-standing supply bottlenecks and for achieving faster and more inclusive growth.
“We are optimistic about India’s prospects and view the economy being on an increasingly stable footing,” said Kalpana Kochhar, Deputy Director of IMF’s Asia and Pacific Department.
“Inflation has declined, the current account deficit is in check, international reserves are ample and economic growth is picking up,” she added. Listing out various positive developments, Kochhar said a number of important economic and structural reforms have also been initiated.
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