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'Structural reforms strengthening India's resilience to global shocks'

ANI  |  Bali [Indonesia] 

(DEA) Chandra Garg has said that structural reforms, implemented by the in areas like taxation and bankruptcy, are helping the Indian economy in building to global shocks.

Garg, who was speaking at the International Monetary Fund's (IMF) session in on Friday, also stated that certain measures, including the prudent policy, will help contain the stress, which is currently being experienced in financial condition tightening and

Emphasising on the need to recognise the technological changes, Garg said that the world is currently experiencing a digital revolution, and the technological changes are more fundamental than the invention of steam engine, which led to the foundation of the Industrial Revolution.

Speaking about Index (HCI) that was recently released as part of Project of the World Bank, Garg said, that needs to continuously evolve and develop, also urging, that a better metric is needed to measure the status of the human capital in the digital age.

The DEA is currently on an official tour to Bali, to participate in the Annual Meetings of the IMF and the He is accompanied by a battery of senior officials from the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, October 13 2018. 16:25 IST