Growth Likely To Pick Up To 6.5-7% In 2019-20 Second Half: Surjit Bhalla

Personal income taxes need to be reformed and there is a need to bring in more reforms to push economic growth, eminent economist Surjit Bhalla told NDTV. "There's absolutely no question that the Indian economy has slowed down... We are absolutely in the middle of a slowdown. No doubt about it," said Mr Bhalla, executive director-designate at the International Monetary Fund (IMF), in an exclusive interview to NDTV. The comments from the top economist come at a time when the country's economy is struggling against the slowest pace of growth in more than six years amid thousands of job losses across sectors.

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