India’s growth under PM Narendra Modi ‘very solid’, says IMF chief economist
Noting that there has long been a legacy of corporate debt associated with bad infrastructure projects in India, Obstfeld said it has been very concentrated in banking system.
India’s growth has been “very solid” over the past four years, IMF’s chief economist Maurice Obstfeld on Sunday said, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government.
