![]() And three, because India didn't shy away to learn the lessons from the pandemic and to implement very strong policies to overcome what has been really a difficult time for a number of months," she said. ![]() We have seen the new budget presented, and it signals the commitment to fiscal consolidation, while at the same time provides significant financing for capital investments. "Second, because India's fiscal policy has been responsive to economic conditions. "Why is India a bright spot? Because one, the country has done really well to turn the digitalization that has been already moving quite well into a major driver of overcoming the impact of the pandemic and creating opportunities for growth and jobs," Georgieva noted. ![]() A few days back, IMF managing director Kristalina Georgieva said India alone will contribute 15% of the global growth in 2023. Even though India's pace of growth is projected to slowdown in the coming financial year, it is still being touted as the fastest among major economies.
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