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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Davangere: Two policemen injured in stone pelting during Ganesha procession
Davangere: Reports state that two groups engaged in stone pelting at each other during Ganesha idol immersion ceremony in Davangere on Thursday. Two police personnel were injured in the incident.
Few days ago, two groups of youth engaged in verbal altercation regarding raising of a flag for Eid Milad celebration. On account of the clashes, police had heightened security for the Ganesha procession. Despite the additional security, stones were pelted at the procession, sources stated. Inspector Gururaj and constable Raghavendra were injured in the incident. The procession continued after the police brought the situation to control. However, the stone pelting resumed once again as the procession surged forwards.
Security has been tightened up in the area and all shops have been closed down by the police. The two police personnel, who were injured in the stone pelting, are undergoing treatment at a hospital.
