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Indian dealt with COVID-19 , its economic consequences decisively : IMF chief

By Priyanka Verma 
Updated Date
Indian dealt with COVID-19 , its economic consequences decisively : IMF chief

IMF Managing Director Kristalina Georgieva praised India during a global media roundtable ,stating , “The Country actually has taken very decisive actions ,very decisive steps to deal with the pandemic and to deal with the economic consequences of it. “She added, “We are almost where we were before COVIED -19 in India , meaning that economic activities have been revitalised quite significantly .

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Chief Kristalina Georgieva has praised India for taking “very decisive” steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.

The International Monetary Fund is scheduled to release its World Economic updates on January 26.

“Then India moved to more targeted restrictions and lockdowns. What we see is that that transition, combined with policy support, seems to have worked well. Why? Because if you look at mobility indicators, we are almost where we were before COVID in India, meaning that economic activities have been revitalised quite significantly,” she said.

“But use it wisely in a more targeted manner and to support an accelerated transformation of the economy. Because what we see is amazing how much faster structural change takes place. And policymakers ought to be leaning forward in this environment to support this structural transformation and to cushion the impact it has on those that are on the losing side of it,” she said.

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