IMF expects India's role to expand in Indo-Pacific region
United Nations, April 21: The International Monetary Fund expects India's role in the Indo-Pacific region's development to continue to expand because of its robust growth, but it has to carry out more trade reforms, Ken Kang, the deputy director in IMF's Asia Pacific Department said on Friday.
"Given our robust growth forecast where we see India's growth rising from 7.4 per cent in 2017-18 to 7.8 per cent in 2019, we do expect India's role in the region to continue to expand," he said at a news conference in Washington.
"That being said, India does have room to expand its export orientation and to reduce further trade and non-trade barriers," he added.
"The statutory tariff rate in India is relatively high at about 15 per cent, and higher than those in the rest of the region," he added. "So there is room to do more on trade reform."
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Ajit Pawar wins Baramati battle, defeats nephew Yugendra by more than 1 lakh votes
Baramati, Nov 23: Maharashtra deputy Chief Minister and NCP president Ajit Pawar on Saturday won from his traditional Baramati assembly constituency by defeating his nephew and NCP (SP) candidate Yugendra Pawar by more than one lakh votes.
Ajit, who parted ways with his uncle Sharad Pawar last year and was seeking an eighth term from this family bastion in Pune district, polled 1,81,132 votes while Yugendra Pawar polled 80,233 votes.
Ajit, thus, defeated his younger brother's son by 1,00,899 votes.
Five months ago, Sharad Pawar-led NCP (SP) had triumphed in Baramati in the Lok Sabha elections, with incumbent MP and Sharad Pawar's daughter Supriya Sule defeating Ajit Pawar's wife Sunetra by a margin of 1.5 lakh votes.
Both the NCP factions did not leave a single stone unturned during the assembly campaign, and even Sharad Pawar's wife Pratibha Pawar and Sule's daughter Revati were seen campaigning for Yugendra, while Ajit Pawar brought his mother on stage during his concluding rally in Baramati.
While Sharad Pawar told the people of Baramati that they needed a new leadership, alluding to Yugendra Pawar whom he described as a highly-educated candidate, Ajit Pawar cautioned people not to fall prey to the "emotional pitch" by the senior Pawar.
After Saturday's results, Ajit Pawar, who along with several other NCP legislators sided with the BJP-Shiv Sena government in 2023, could claim to be the real political heir of his estranged uncle who founded the NCP in 1999.
Sunetra Pawar, now a Rajya Sabha member, thanked the people of Baramati for reposing their faith once again in `Dada' (elder brother in Marathi, as Ajit is fondly called).
