India has underlined the need for a judicious mix of fiscal, monetary and structural policies by major economies to deal with the heightened uncertainty on account of Brexit. Besides, programmes such as Make in India, Start-up India, and Skill India are focused on encouraging innovation, entrepreneurship and job creation. India, Jaitley stressed, is following the approach of 'Reform to Transform' through far-reaching structural reforms. IMF earlier this week has cut global growth forecast for 2017 by 0.1 percentage point to 3.4% citing "substantial" increase in economic, political, institutional uncertainty on account of Brexit. Jaitley said the structural problems of emerging markets and developing economies (EMDE) continue to affect their growth.

Source: dna July 21, 2016 08:48 UTC