New Delhi, Feb 4: The Union budget presented by Finance Minister Nirmala Sitharaman recently is a very “thoughtful policy agenda” for India, International Monetary Fund, Managing Director, Kristalina Georgieva said.“We have been projecting a quite robust growth for India. Yes, there is a small downgrade versus our previous projection from 9.5 per cent to 9 per cent for 2022. But then we also have a small upgrade for 2023, because we think that we will see a stable growth not very different from (those projected by) the (Union) Minister of Finance,” Georgieva said during a virtual round table with a group of reporters.
The International Monetary Fund (IMF), she noted, sees this being conditioned on a number of factors, including that in the COVID-19 pandemic they continue to function better and should the pandemic continue to be around, and that the tightening of financial conditions would be done with clear forward guidance and in a prudent manner, not creating any more significant shock.
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