IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'
He said one risk that has become much more evident in the last few years has been non-bank finance, usually called shadow banking. "There is a big challenge of stricter, oversight," the economist said.
IMF's Chief Economist Maurice Obstfeld praised India's economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government. Image source: Reuters