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India's star shines bright in global gloom: IMF chief

By The Assam Tribune
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NEW DELHI, March 12 (IANS): With a young workforce and continuing policy reform, India has not only emerged as the fastest-growing economy, but its stars also shine bright amid the current global gloom, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Saturday.

"It's fitting we meet in India," said Lagarde in her remarks at at "Advancing Asia" summit here. "It's the world�s fastest growing large economy, on the verge of having its largest, youngest ever workforce - and, in a decade�s time, set to become the world�s most populous country."

She also announced a training and technical assistance centre here for capacity development.

With Prime Minister Narendra Modi at the podium, Lagarde said it was an opportune time to toast India�s achievements - and Asia�s achievements - which, she added, was a rare bright spot in this current global economic turmoil.

"India stands at a crucial moment in its history - with an unprecedented opportunity for transformation. Important reforms are underway. Think, for example, of 'Make in India' and 'Digital India'. With promise of more reforms to come, India�s star shines bright."

At the same time, Lagarde said, Asia remains home to two-thirds of the world’s poor, many of whom live in India. To address that and also make Asia’s 4.4 billion people realise their full potential, she listed six priorities:

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NEW DELHI, March 12 (IANS): With a young workforce and continuing policy reform, India has not only emerged as the fastest-growing economy, but its stars also shine bright amid the current global gloom, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Saturday.

"It's fitting we meet in India," said Lagarde in her remarks at at "Advancing Asia" summit here. "It's the world�s fastest growing large economy, on the verge of having its largest, youngest ever workforce - and, in a decade�s time, set to become the world�s most populous country."

She also announced a training and technical assistance centre here for capacity development.

With Prime Minister Narendra Modi at the podium, Lagarde said it was an opportune time to toast India�s achievements - and Asia�s achievements - which, she added, was a rare bright spot in this current global economic turmoil.

"India stands at a crucial moment in its history - with an unprecedented opportunity for transformation. Important reforms are underway. Think, for example, of 'Make in India' and 'Digital India'. With promise of more reforms to come, India�s star shines bright."

At the same time, Lagarde said, Asia remains home to two-thirds of the world’s poor, many of whom live in India. To address that and also make Asia’s 4.4 billion people realise their full potential, she listed six priorities:

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