Multilateral development banks’ reforms incomplete without similar reforms of IMF: Niti Aayog’s Suman Bery

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Multilateral development banks’ reforms incomplete without similar reforms of IMF: Niti Aayog’s Suman Bery - Economic Times

Quick Summary:

Since the Asian financial crisis (in 1997), India has run its macroeconomy essentially to make sure that the current account deficit is around 2% of the GDP and to build up reserves, says the economist.

Reforms of multilateral development banks (MDBs) would be incomplete unless similar reforms are undertaken at the International Monetary Fund (IMF), Suman Bery, Vice-Chairperson, Niti Aayog said.

Sales of commercial vehicles, a barometer of economic activity, are expected to hit an all-time high in FY24, fetching record revenue for companies such as Tata Motors, Ashok Leyland and VE Commercial Vehicles.