Important for India to focus on green investment post-pandemic: IMF

“On the economic front, therefore, even though the situation is improving, the priority remains to address the health emergency,” IMF’s Fiscal Affairs Department Deputy Director said.

As the Indian economy recovers from the COVID-19 pandemic that hit it hard, it is important for the country to focus on public investment, particularly in green sectors, the International Monetary Fund said on Wednesday.

“As we move towards the recovery, it is also important to focus on public investment, particularly on green investment, so that the recovery can be inclusive and green,” IMF’s Fiscal Affairs Department Deputy Director Paolo Mauro told reporters during a news conference here.

He said India’s debt is at the ratio of about 90 per cent, and it is important to give a signal that there is a medium-term fiscal framework in place that ensures investors that the debt ratio will decline in the medium term.