IMF said- PM Modi's 'Self-reliant India' important initiative, explains this reason


Rice said that in addition to the health sector, India also needs "holistic structural reforms to achieve more inclusive and sustainable medium-term growth".



Washington: The International Monetary Fund (IMF) has called Prime Minister Narendra Modi's (PM Modi) appeal for 'Aatmanirbhar Bharat' an important initiative. "The economic package given under the self-sustaining India initiative announced after the Coronavirus crisis has supported the Indian economy and mitigated major risks," Gerry Rice, director of the Department of Communications at the IMF, told a press conference here. We consider this initiative important.


Gerry Rice, in response to a question on 'Self-reliant India', said that as the Prime Minister has said that India has to play a more important role in the global economy and policies to encourage rivalry and efficiency in the economy are important. Rice said, "To achieve the" Make for the World "goal in India, it should be a priority to focus on the policies that make India a business,To integrate into the global value chain, including investment and technology.

Answering another question, he said that the IMF study conducted in association with the NITI Aayog and the Ministry of Finance has shown that India needs to do well in order to perform well towards achieving the Sustainable Development Goals (SDGs). Total spending in the region will have to be increased gradually from the current 3.7 percent of GDP.

Rice said that apart from the health sector, India also needs holistic structural reforms to achieve "more inclusive and sustainable medium-term growth".