India’s star shines bright, says IMF chief Lagarde

Appreciating continuing reform process in the country, IMF chief Christine Lagarde on Saturday said that “India’s star shines bright” amid global economic challenges and can deliver nearly two-thirds of the worldwide growth over the next four years despite a slowing momentum. The world’s fastest-growing large economy, she said, is on the verge of having the largest and youngest-ever workforce and, in a decade, set to become the world’s most populous country. “So, India stands at a crucial moment in its history – with an unprecedented opportunity for transformation. Important reforms are already under way,” the IMF Managing Director said at a conference on ‘Advancing Asia: Investing for the Future’ here. “Think, for example, of Make in India and Digital India. And with the promise of even more reforms to come, India’s star shines bright,” she said.