
Terming India as a “relative bright spot” in the global economy in an endorsement of the government’s economic policies, a senior IMF official said to push the growth rate higher, India will have to leverage its existing strength in exports of services and job-intensive manufacturing products.
The Indian economy is making significant progress on the structural reforms agenda and its macroeconomic policies are responding to global headwinds. Besides, the country’s monetary policy is addressing high inflation and the fiscal policy measures are sound, said IMF’s Deputy Managing Director Antoinette Sayeh at an event here on Friday.
"India is a relative bright spot in the world economy today, growing at rates significantly," IMF Deputy Managing Director Antoinette Sayeh said at an event in New Delhi.
"Macroeconomic policies are responding to the significant headwinds, with fiscal policy measures supporting vulnerable groups and monetary policy addressing persistently high inflation."




