"I believe, in the slowdown, regulatory uncertainty has played a role. It’s important for India to take up reforms but to be able to do this with greater clarity and greater certainty would help,” Gopinath said at an event here in the national capital. The IMF Chief Economist said that although reforms are important for an economy, they should come with clarity and certainty on the policies and regulations. “Economies need reforms and they are important but there also needs to be an environment of regulatory certainty, which is the clear rules of the game, what the particular policies are and how it impacts you. There has to be clarity on that,” she said at industry chamber FICCI’s 92nd Annual Convention.

Source: The Nation Bangkok July 18, 2022 05:45 UTC