document.writeln("
IMF: India must aim for higher growth rates
Washington:
An IMF official has warned that India's high fiscal deficit
was "not sustainable". Anne O Kreuger, First
Deputy Managing Director at the IMF has said that a more
efficient revenue collection and tax administration, a
wider tax base and reduction in subsidies would help improve
the fiscal position of the country.
However,
she lauded India's economic growth in excess of seven
per cent achieved last year and said a growth of 10 per
cent a year was both necessary and feasible. Krueger was
addressing the Stanford India Conference during the weekend.
Krueger said that the Government of India's growth target
of 7 to 8 per cent was not only attainable but further
that it was necessary to raise the target to 10 per cent.
She pointed out that other countries, such as South Korea,
had achieved a 10 per cent growth rate.
Back
to News Review index page
