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More direct funding push will aid India recovery: Gita Gopinath

More direct funding push will aid India recovery: Gita Gopinath
More direct funding push will aid India recovery: Gita Gopinath
Gita Gopinath, chief economist of the International Monetary Fund (IMF).

Synopsis

India’s new farm and labour laws are a step in the right direction and have the potential to strengthen the supply side and also help boost demand, along with some level of direct support, she told ET in an exclusive interview.

NEW DELHI: More direct funding support that includes the urban poor and migrant workers within its fold can help India speed up economic recovery, but monetisation of the deficit is not advisable, said Gita Gopinath, chief economist of the International Monetary Fund (IMF). She’s also concerned about “overheating” in the financial markets.India’s new farm and labour laws are a step in the right direction and have the potential to strengthen the
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