India Should Continue Fiscal Consolidation For Better Prospect: IMF

New Delhi: In order to reduce external vulnerabilities and improve investment prospects, the government should continue with its fiscal consolidation activities including passage of GST Bill, further subsidy reforms and easing domestic supply bottlenecks, says an IMF report. According to the IMF, India's external sector position in 2015-16 is broadly consistent with medium-term fundamentals and desirable policy settings. "To reduce...