Davos: International Monetary Fund (IMF) chief Kristalina Georgieva said the economic slowdown in India is temporary and she hopes to improve it in the coming times. Georgieva said at the World Economic Forum (WEF) 2020 that the world looks good in January 2020 compared to when the IMF announced the global economic scenario in October 2019. He said that the factors making the environment positive include reduction in trade tensions after the first round of trade agreement between the US and China and tax cuts among other things.
However, he said that the economic growth rate of 3.3 percent cannot be called good for the global economy. He said, "It is still a sluggish growth. We want fiscal policies to be more aggressive and we want structural reforms and more mobility. "Jarjiva said of emerging markets that these markets are also moving forward.
Jarjiva said, "We have seen a decline in a big market in India, but we believe it is temporary." We expect the pace to increase in the coming time. There are also some other better markets like Indonesia and Vietnam. "He said that many African countries are also doing well, but some countries like Mexico are not doing well.
