NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / India News / If policies managed well, India can become powerhouse economy: IMF
    If policies managed well, India can become powerhouse economy: IMF
    1/3
    India 1 min read

    If policies managed well, India can become powerhouse economy: IMF

    By Anjana Raghav
    (PTI desk)
    Apr 20, 2018
    04:24 pm
    If policies managed well, India can become powerhouse economy: IMF

    India can become a powerhouse economy if policies are managed well and reforms are supportive of inclusive growth, said David Lipton, First Deputy Managing director of International Monetary Fund. He also expressed hope that India's growth will be reflected in poverty reduction statistics and eventually in a measurement of metrics of inclusion. But, there's more to be done, he said.

    2/3

    Reforms to make banking system more competitive

    "There are further reforms both in terms of consolidating the budget situation to ensure that there's never an incident of doubt about fiscal finances in terms of making the banking system more competitive and dealing with the legacy problems of NPAs," he said.

    3/3

    Important job is to change the governance and competitiveness

    An important job was not just to recapitalize, but to change governance and competitiveness so banks serve as a positive force by allocating credit well and being a driving force in economy, he said. IMF MD Christine Lagarde recently said that she doesn't expect any major economic reforms during election year. On that, Lipton said, "It's always difficult to make policy during election-years."

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    India
    International Monetary Fund
    Christine Lagarde

    India

    India doubles contribution to Commonwealth fund for technical cooperation BCCI
    Kovind prays for India's progress at Mata Vaishno Devi Shrine Ram Nath Kovind
    Opposition submits impeachment motion against CJI to Vice-President Supreme Court Of India
    #FinancialBytes: Going to US for higher-studies? Here're best education-loan options Education

    International Monetary Fund

    Global debt reached record-high of $164 trillion in 2016: IMF India
    India using 'right policies' to lower high debt level: IMF India
    China hits-back at US, imposes tariffs on imports worth $3bn Donald Trump
    After US targets China, Beijing hits back with proposed tariffs Australia

    Christine Lagarde

    India on solid growth-track, says IMF Chief backing GST, demonetization India
    IMF approves $12bn loan to Egypt Egypt
    Death penalty for child rapists: Modi Cabinet approves Ordinance Supreme Court Of India
    World Bank approves historic $13 billion increase in capital World Bank
    Next News Article

    Love India News?

    Subscribe to stay updated.

    India Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023