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Ambitious structural and financial sector reform measures urgently required in India: IMF

Shortpedia

Content Team

IMF on Thursday said that due to the rising debt levels, India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy. IMF spokesperson Gerry Rice, further added in response to a question asked in the union budget that the economic condition of India is weaker than forecasted earlier. Therefore the need arises for more accumulative fiscal stance in the budget.