IMF: India should reduce public debt and deficit
DSIJ Intelligence / 17 Jan 2017
An IMF official has stated that countries such as India having higher public debt levels should implement their medium term plans to reduce debt and deficits.
Addressing the Asian Financial Forum in Hong Kong, IMF deputy managing director Zhang Tao, said "Countries with higher public debt levels, like India, should continue to implement their medium-term plans to reduce debt and deficits. Japan and Malaysia should develop plans in these areas,"
"Asia continues to lead global growth. We expect the economies in the region to grow above 5 per cent, both in 2017 and 2018, compared with around three-and-a-half per cent for the world in the next two years," Tao added.
It is known that Asian countries have managed economic surprises and showed strength during 2016. According to Tao, Asia is expected to make close to two-third of the global growth.
IMF has reduced the growth rate for India from 7.6 per cent to 6.6 per cent owing to the “temporary negative consumption shock” of demonetisation.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.