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December 2, 2022 4:09 am

India is a bright light economy, but key structural reforms needed for USD 10 trillion GDP: IMF chief economist

Washington, October 13

India has emerged as “a bright light” at a time when the world is facing imminent prospects of a recession, the chief economist of the International Monetary Fund (IMF) said on Wednesday, noting that the country, however, needed key structural reforms in order to achieve the ambitious target of being a USD 10 trillion economy.

Pierre-Olivier Gourinchas, chief economist of the IMF, said: “Well, India is, I want to say, sort of bright light. The Indian economy has been doing reasonably well.”

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