The International Monetary Fund (IMF) has said India has been one of the fastest growing large economies in the world.
IMF asserted that the country has carried out several key reforms in the last five years and more reforms are needed going forward to sustain the high growth, including to harness the demographic dividend opportunity.
This was stated by IMF communications director Gerry Rice while responding to a question on India’s economic development in the last five years at a fortnightly news conference yesterday night in Washington.
He said that India has been one of the world’s fastest-growing large economies of late, with growth averaging about seven per cent over the past five years.
He said that the details about the Indian economy would be revealed in the upcoming World Economic Outlook WEO survey report to be released by the IMF ahead of the annual spring meeting with the World Bank next month.
This report would be the first under Indian American economist Gita Gopinath, who is now IMF’s chief economist.