The International Monetary Fund( IMF) is all praises for India’s growth story that it called a bright spot on the else dark horizon.IMF managing director Kristalina Georgieva said India deserves to be called a bright spot on this else dark horizon because it has been a fast- growing frugality, indeed during these delicate times. “ Most importantly, this growth is sustained by structural reforms, ” Georgieva told journalists at a briefing when asked about her prospects from India ahead of the G20 administration.

Among the remarkable success is digitisation in India and digital access, she added. Georgieva was speaking on the sidelines of periodic meetings of the Boards of Governors of the IMF and the World Bank in Washington DC.The country( India) is now stepping into taking the lead on G20 from that position of strength which makes me explosively believe that we will see India leaving a mark on the world for times to come during coming time’s administration.”.

#WATCH | India deserves to be called a bright spot on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms: Kristalina Georgieva, MD, IMF

(Source: IMF) pic.twitter.com/GZIFIrsuIK

— ANI (@ANI) October 13, 2022

before, Paolo Mauro, deputy director of the Fiscal Affairs Department at the IMF, described India’s deployment of a direct cash transfer scheme and other analogous social weal programmes as a” logistical phenomenon”, stating there’s a lot to learn from the country which is one of the most inspiring exemplifications of the operation of technology to break complicated issues.

From India, there’s a lot to learn. There’s a lot to learn from some other exemplifications around the world. We’ve exemplifications from enough much every mainland and every position ofincome.However, it’s actually relatively emotional, ”, If I look at the case of India.

In fact, just because of the sheer size of the country, it’s a logistical phenomenon how these programmes that seek to help people who are at low- income situations reach literally hundreds of millions of people, ” he said.

According to government data, further than ₹24.8 lakh crore has been transferred through Direct Benefit Transfer( DBT) mode since 2013, ₹6.3 lakh crore in the fiscal time 2021- 22 alone; on an normal over 90 lakh DBT payments are reused daily as per data of FY22.

In the case of India, one thing that’s striking is the use of the unique identification system, the Aadhaar, ” Mauro said.But in other countries, also, there’s lesser use of transferring plutocrat through mobile banking to people who actually don’t have a whole lot of plutocrat, but they’ve a cell phone, ” Mauro said.

Stating that the IMF is uniting with India on the operation of new technologies, Vitor Gaspar, director of the Fiscal Affairs Department, said the country is “ one of the most inspiring exemplifications of the operation of technology to break veritably complicated issues of targeting support to the people who need it most ”.The IMF has also been working with numerous African countries in the area of government technology.