New Delhi: International Monetary Fund (IMF) chief Kristalina Georgieva praised India’s ‘bold economic and structural reforms’ – from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem and the conceptualisation and integration of a digital social identity (i.e., the Aadhaar). She was speaking on the first day of the IMF’s semi-annual gathering of finance ministers and central bank governors

“I’m very big on India because of the boldness of their reforms. For example, everyone told India that digital identity on a mass scale could not be done… but India proved them wrong,” Georgieva said. ADVERTISEMENT

Recalibration of Goods and Services Tax brackets in September was among the big ticket reforms she referred to. This was when the 12 and 28 per cent s

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