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Extent of India’s slowdown
Why is it in the news?
- IMF chief economist Gita Gopinath says the government should undertake structural reforms such as a bank clean-up and labour reforms to address the slowdown in domestic demand.
- The economic growth slowing to a six-year low.
More in the news
- Gopinath rooted for government policies focusing on managing a slowdown in domestic demand.
- The focus should also be on boosting productivity growth and supporting employment creation in the medium term.
- Ms. Gopinath said the policy priorities of the government should also include a credible fiscal consolidation path that is more ambitious than currently envisaged by the government.
Source
The Hindu.