The International Monetary Fund (IMF) has urged India to use improved economic conditions to accelerate the pace of fiscal consolidation. In its annual assessment of the Indian economy, the IMF said the country’s economy is picking up and growth prospects look bright, one reason being the implementation of recent policies, such as the goods and services tax (GST).
“A faster pace of consolidation would help cap the rise in long-term bond yields, reduce external and banking vulnerabilities,
