Monday, March 14, 2016

India’s star shines bright amid global economic challenges: IMF chief Christine Lagarde


                                     Appreciating continuing reform process in the country, IMF chief Christine Lagarde today said “India’s star shines bright” amid global economic challenges and can deliver nearly two-thirds of the worldwide growth over the next four years despite a slowing momentum.
The world’s fastest-growing large economy, she said, is on the verge of having the largest and youngest-ever workforce and, in a decade, set to become the world’s most populous country.
“So, India stands at a crucial moment in its history — with an unprecedented opportunity for transformation. Important reforms are already under way,” the IMF Managing Director said at a conference on ‘Advancing Asia: Investing for the Future’ here.
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