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India requires continued structural reforms to bring growth back: UN report

Shortpedia

Content Team
Image Credit: Shortpedia

The World Economic Situation and Prospects 2020 (WESP) report released by the UN said that India requires continued structural reforms to bring India’s growth back to its previous levels. “After experiencing a sharp economic slowdown from 6.8 per cent in 2018 to 5.7 per cent in 2019, India has committed to an ambitious fiscal expansion to complement the country’s already loose monetary policy," the report said.