Comment on How India’s Economy Has Really Fared Under Modi

How India’s Economy Has Really Fared Under Modi

The International Monetary Fund issued a most unusual rebuttal this month. Its spokeswoman Julie Kozack told reporters in Washington that executive director Krishnamurthy Subramanian’s growth forecast of 8% for India did not represent the views of the IMF, which still maintained a projection of 6.5% for the country. Subramanian’s views—expressed at an event in New Delhi a few days earlier—were in his role as India’s representative at the IMF, she said.

 

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