Good Policies Are Helping India Outperform: IMF Chief To NDTV

In an exclusive interview with NDTV, IMF Managing Director Kristalina Georgieva said three factors have led to a strong performance from India - digitalisation, attractiveness as an exporter of services, and very prudent fiscal policy.

The International Monetary Fund has revised India's growth estimate to 6% from 5.4% and its Managing Director has said good policies are helping the country outperform. She has also called India a bright spot in what has been a "rather cloudy horizon over the last years". 

In an exclusive interview with NDTV, IMF Managing Director Kristalina Georgieva was told that, in the last fiscal, the organisation had pegged India's growth at 5.4% and the actual figure achieved was about 7%. Asked whether she had any concerns that their projections were somewhat lower, the IMF chief said, "In 2022, indeed India was above 7% and that is great for India, great for Asia and great for the world. For this year, we are projecting a bit of a slowdown to around 6% and it is not because of India, but because of global growth slowing down."

"What we are seeing in a very positive light is how good policies are helping India to outperform. Three factors have led to a strong performance from India, making it a bright spot in what has been a rather cloudy horizon over the last years," she added.