India one of world's fastest growing large economies: IMF
Washington, Mar 22: India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done.
Responding to a question on India's economic development in the last five years at a fortnightly news conference here, IMF communications director Gerry Rice Thursday said, "India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven per cent over the past five years."
"Important reforms have been implemented and we feel more reforms are needed to sustain this high growth, including to harness the demographic dividend opportunity, which India has," he said.
Details about the Indian economy would be revealed in the upcoming World Economic Outlook (WEO) survey report to be released by the IMF ahead of the annual spring meeting with the World Bank next month, he said.
This report would be the first under Indian American economist Gita Gopinath, who is now IMF's chief economist.
"The WEO will go into more details. But amongst the policy priorities, we would include accelerate the cleanup of banks and corporate balance sheets, continue fiscal consolidation, both at centre and state levels, and broadly maintain the reform momentum in terms of structural reforms in factor markets, labour, land reforms and further enhancing the business climate to achieve faster and more inclusive growth," Rice said.
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Kalaburagi Jail Chief Superintendent gets threat
Kalaburagi (Karnataka), Nov 28: Kalaburagi Jail Chief Superintendent R Anitha on Thursday said that an unknown person sent an audio message via a police inspector claiming that they will blow up her car.
However, police said they have not received any complaints in this regard.
Speaking to reporters here, Anitha said, "Somebody has sent an audio message to the police inspector saying that they will blow up my car. I personally did not receive any such message so far, so I would not be lodging any police complaint."
Following the alleged threat, Anitha said she would be more cautious now.
Last month, after Anitha took charge as the Chief Superintendent of Jail, raids were conducted and searches were intensified after photographs and video clips purportedly showing three inmates getting special treatment in the Kalaburagi Central prison went viral on social media.
Following the raids, cell phones, gutka and cigarette packets and beedis were seized from the inmates.
