WASHINGTON: The IMF is looking forward to working with the new government of Prime Minister Narendra Modi, a top official said Friday, asserting that India's reforms and future direction should continue to focus on achieving faster and more inclusive growth with low inflation. Prime Minister Modi on Thursday led his Bharatiya Janata Party to a landmark victory for a second five-year term in office, winning 303 seats in the 543-member Lok Sabha. "As far as the IMF is concerned, we think that the reforms and the future direction should continue to focus on achieving faster and importantly, more inclusive growth with low inflation," IMF spokesperson Gerry Rice said. "The IMF looks forward to working with Prime Minister Modi's new government," Rice said when asked about the election results in India. In March, the International Monetary Fund (IMF) said India has been one of the fastest growing large economies in the world.

Source: Mint May 24, 2019 15:40 UTC