IMF acknowledges India’s efforts for fiscal consolidation in aftermath of West Asia crisis

New Delhi (Raghwendra Pratap Singh) : International Monetary Fund. IMF, Deputy Managing Director Nigel Clark acknowledged India’s economic performance, resilience and growth track record in the current global scenario, and Government’s efforts for fiscal consolidation and support measures in the aftermath of the West Asian crisis. Finance Minister Nirmala Sitharaman today met Mr. Nigel Clark in New Delhi.

The Ministry of Finance said that they both discussed India-IMF relations, with appreciation for India’s role in supporting IMF South Asia Regional Training and Technical Assistance Center. It said that both sides emphasised the importance of continued India-IMF engagement in strengthening macroeconomic cooperation, supporting sound policies and contributing to greater regional and global economic resilience.

They also discussed the outlook for India and the global economy, including the nation’s evolving growth trajectory and the implications of ongoing shifts in the global economic environment, including India’s trade agenda and developments in the global trading system including recently concluded bilateral trade agreements.