IMF Economist Gita Gopinath Meets PM Modi, Lists Key Factor In Economic Slowdown

Gita Gopinath had on Friday said that the regulatory uncertainty has played a major role in the economic slowdown in India.

IMF Economist Gita Gopinath Meets PM Modi, Lists Key Factor In Economic Slowdown

IMF Economist Gita Gopinath with Prime Minister Narendra Modi.

New Delhi:

Economic Counsellor and Director of Research Department at the International Monetary Fund (IMF) Gita Gopinath met Prime Minister Narendra Modi on Monday.

The Prime Minister's Office (PMO) posted pictures of Prime Minister Modi with Gopinath on its Twitter handle.

Ms Gopinath had on Friday said that the regulatory uncertainty has played a major role in the economic slowdown in India.

"I believe, in the slowdown, regulatory uncertainty has played a role. That's another factor that needs to be addressed. It is important for India to take up reforms but to be able to do this with greater clarity and greater certainty would help," Ms Gopinath said at industry chamber FICCI's 92nd annual convention here.

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Ms Gopinath also said that the Goods and Services Tax (GST) has been significant in formalising the Indian economy.