Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said.
India, which has received a record number of foreign direct investment during the last few years despite Covid-19 crisis, has quite a few safeguards in place to mitigate the risks from capital flows, the International Monetary Fund said Wednesday.
India has been very good at managing its finances but the surge in global energy prices after Russia's military operations in Ukraine is going to have a negative impact on its economy, according to IMF Managing Director Kristalina Georgieva.