Krishna Srinivasan, director of the International Monetary Fund (Asia and Pacific), said that private investment in India is still a matter of concern. He said that investment in items such as products, machine equipment has slowed down that can increase the productivity of the economy. Srinivasan said, ‘We are worried about private investment, which still remains dull. If India wants to become a developed economy by 2047, then private investment needs to be given further momentum.
The IMF on Tuesday reduced India’s growth estimate for FY 2026 to reduce the 30 basis points to 6.2 percent. The IMF has reduced the growth estimate citing trade tension and global uncertainty. IMF (Asia Pacific) deputy director Thomas Helbling said, “If India opens up trade, makes infrastructure improvements, makes labor improvement then it can benefit from it. According to the long term, India needs to reduce education with education on public infrastructure, which can create business opportunities and India can get widespread benefits from regional and global integration.
The IMF has said that India’s main reason for reducing the growth estimates is the increase in fee, although India is less likely to have commercial shaking compared to other countries. The IMF also mentioned that India is one of the economies where the efficiency of public expenditure is improving and tax reforms have been made for more revenue. The IMF said, “India’s growth is run at the end of 2024 with the pace of export and consumption. However, the results were surprisingly down, due to which there is a slow start and temporary reasons for public investment after the election.
First Published – April 24, 2025 | 11:25 pm IST
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