India a bright spot on the dark horizon: IMF chief Kristalina Georgieva lauds nation’s digital success

IMF is all praises for India's growth story that it called a bright spot on the otherwise dark horizon

October 14, 2022

IMF chief Kristalina Georgieva praises India’s growth story

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that India deserves to be called a bright spot “on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms“. She also praised India’s digitization process.

She was speaking on the fourth day of the IMF and World Bank Annual Meetings at the IMF headquarters here.

“Most importantly, this growth is underpinned by structural reforms,” Georgieva told reporters after the meeting. She was replying to a question on her expectations from India just days before it takes over the Presidency of G-20.

Earlier even Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, had praised India’s direct benefit transfer scheme.

“From India, there is a lot to learn. There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive,” he told reporters.

[With Inputs from IANS]

PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views

For all the latest updates, download PGurus App.