India a bright spot in dark horizon, says IMF

The International Monetary Fund on Thursday praised India as a “bright spot in a dark horizon” due to the rapidly-growing economy even in these difficult times, adding that the country will leave a mark on the world for years to come during next year’s presidency of G20. 

Addressing a press briefing, IMF’s Managing Director, Kristalina Georgieva said, “India deserves to be called a bright spot in 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.” The top IMF official made this comment on the sidelines of annual meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington. 

Praising India’s digital economy, Georgieva said that the remarkable success of digitisation in India is the digital ID that provides all services and support on the basis of “digital access.” She further added.