<p> 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.<br /><br /></p>.<p>“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.<br />“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.<br /><br /></p>
<p> 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.<br /><br /></p>.<p>“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.<br />“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.<br /><br /></p>