India must stick to the fiscal consolidation roadmap in the medium term, International Monetary Fund (IMF) chief economist Gita Gopinath said on Friday. This comes amid the rising debate on whether the government should go for fiscal expansion to perk up the economy.
Speaking at the 92nd annual convention of Ficci, Gopinath also said the IMF will revise India’s growth projections downwards in January. This is because high frequency indicators are not showing an uptick in the second half.
“For India, macro stability is very important as it means stability on the fiscal front. A clear sense of keeping to