Implement reforms in key areas to reverse slowdown: World Bank to India

The fiscal deficit of the Central government is likely to increase to 6.6 per cent of GDP in FY20/21 and is expected to remain elevated at 5.5 per cent in the following year, says the report

India needs to maintain reform momentum to reverse current economic slowdown, the World Bank said in a report on Wednesday.
 

"Implement critical reforms in key areas such as health, labour, land, skills and finance to come out stronger from the impact of the Covid-19 pandemic. These reforms should aim at enhancing productivity of the Indian economy and spur private investments and exports," said the India Development Update, a biannual flagship publication of the World Bank that takes stock of the Indian economy.
 

The fiscal deficit of the Central government is likely to increase to 6.6 per cent of GDP in