Comments
India has proved to be resilient to the Brexit crisis, World Bank Group President Jim Yong Kim said on Thursday while commending Prime Minister Narendra Modi’s efforts in managing the economy.
“Inflation is down, growth is strong and the balance of payments is in good shape,” said Jim Yong, who is on an official visit to India. He however, warned that post-Brexit, there is a great deal of uncertainty, which could impact developing countries, including India.
“India has been very resilient but if there is more uncertainty, India is also likely to be impacted.”
Noting that it took Korea more than 20 years to solve the problem of open defecation in rural areas, he said that the Prime Minister’s Swachh Bharat campaign for rural sanitation has made “very good progress”.
An independent RBIJim Yong said he expects the Indian government to maintain the independence of the Reserve Bank of India. “The Modi government has made it clear that it will continue with the principle of an independent central bank. I don’t expect any major shifts,” he said,
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.