IMF flags slowing pace of reforms in India

Published by Metro India News Online on July 25, 2016 11:53:03 AM

The International Monetary Fund warned that slowing pace of reforms and sluggish exports in India have an impact on its economic growth and recommended six core areas, including labour and infrastructure, that need further reforms.

This comes after the IMF lowered India's GDP prediction by 0.1% to 7.4% for the 2017-18 fiscal, saying India's "economy is on a recovery path".