The International Monetary Fund (IMF) has praised India for taking decisive action in the face of the coronavirus epidemic and showing better results in its economic consequences.
It also suggested that measures be taken this year to contribute to the positive changes in the fast-paced economy.
This year as the result of actions taken during the troubled times in 2020, IMF chief Kristalina Georgieva told in international media roundtable meet that India could have favourable conditions.
“We are releasing the World Economic Update on January 26”, IIMF hinted all nations to take note of this. The IMF chief briefly referred to the long-running lockdown in highly congested and densely populated India. She was of the opinion that the sanctions and policy decisions imposed by India during the covid time worked well.
However, she hoped that India would make more use of the year 2021 to drive the economy further. Kristalina affirmed that the structural reforms being undertaken by India were “very impressive” and urged to go further with such path breaking reforms in the future.
The International Monetary Fund (IMF) opined that although the new cultivation laws introduced by the Indian government looked good for farmers to sell their produce directly without the need for intermediaries, it suggested the need to provide social security for those vulnerable to loss due to these new policy changes.