Finance Minister Nirmala Sitharaman met IMF Chief Kristalina Georgieva on Tuesday. During this, the impact of the war between Russia and Ukraine on the global economy was also discussed. In the meeting, the IMF Chief praised India’s strategy to accelerate the economy. He mentioned how the Indian economy has grown well even with limited resources due to the brilliant strategy of the Modi government. During this, the Finance Minister expressed concern over the increasing risk from Cryptocurrency. He said that it can be used in money laundering and terror funding. He said that this issue is a matter of great concern for all countries. We have to make a global strategy on this.
Praised India for helping Sri Lanka
Nirmala Sitharaman has given the details of this meeting in her tweet. According to him, the IMF chief also praised India for helping Sri Lanka in its economic crisis. Also said that the IMF will also take all possible measures to help Sri Lanka. During this, the impact of the conflict between Russia and Ukraine on the global economy was also mentioned. Especially India expressed concern about the rising prices of crude oil.
India will achieve the highest growth rate among the world’s major economies
It is estimated that India will achieve the highest growth rate among the world’s major economies. According to the Economic Survey, India’s GDP growth can be 8 to 8.5 percent in the current financial year. For higher growth rate, the government has increased the capital expenditure (Capex) by 35.4 percent to 7.5 lakh crore in the financial year 2022-23. In the last year’s budget, the capex was kept at Rs 5.5 lakh crore. According to Sitharaman, the IMF chief congratulated on the success of India’s Covid 19 vaccination program.