Amid economic slowdown, IMF calls for urgent action by India

On Monday, the International Monetary Fund (IMF) said that to reverse the economic slowdown of an economy that has been one of the engines of global growth, the Government of India must take steps quickly.

In the annual review, the IMF stated that falling tax revenue with declining investment and consumption combined with other factors have caused hindrances on the growth of world’s fastest-growing economies.

Ranil Sa....