NDTV | Updated On: March 16, 2015 16:42 (IST)
IMF chief Christine Lagarde with NDTV's Prannoy Roy at LSR College in New Delhi.
International Monetary Fund chief Christine Lagarde today interacted with students in a session moderated by NDTV's Prannoy Roy at Lady Shri Ram College for Women in New Delhi. Ms Lagarde is paying a two-day visit to India, her first since the Modi government came into power. Here are highlights from her speech and interaction.
- India is bigger than India and is intimate with the world.
- It has become a leader in science, tech, pharma, biotech; you name it.
- India's growth expected to exceed China's this year.
- Just as many countries are battling with low growth, India has been marching in the opposite direction.
- Recovery from global financial crisis six years ago, still very slow.
- In US, UK there is more promising recovery but in the Euro area and in Japan it is still very slow.
- Indian economy presently a bright spot in the world.
- Asynchronous monetary policies a risk.
- The recent policy reforms have given a boost to India's business climate.
- Indian economy to grow by 7.5 per cent in the 2015/16 fiscal year.
- By 2019 India will be more than double in size than in 2009.
- By 2030 India is expected to have the largest labour force in the world.
- Recently approved Budget (of India) is a step in the right direction.
- India's recent adoption of flexible inflation targeting is very welcome.
- Global growth in 2015 seen at 3.5 per cent in 2015.
- Looking ahead, something better may yet come on the back of low oil prices and interest rates. Still, there are significant risks to this fragile global recovery.
- Financial inclusion is important because it is strongly rooted in empowerment.
- Much needs to be done in easing land acquisition, expediting clearances, and establishing a stable regulatory regime so that the private sector can invest.
- I have heard the discussion about "Make in India"; but infrastructure, transportation are key to it's success.
- I want more women economists from India.
- You're RBI Governor was a chief economist at IMF. He's not bad, he's pretty good.
- Need to unleash potential of women: Christine Lagarde to NDTV's Prannoy Roy
- I don't know India in and out but I know there are clear imbalances in India.
- I think what we (IMF) have always done is see how the economy can grow and be stable.
- Companies that have women in the board fare better than those who don't and same goes for the economy.
- Eliminate tax discrimination that hamper women's access to the workforce: IMF chief Christine Lagarde to NDTV.
- India not isolated in gender gap: IMF chief to NDTV.
- Along with 125 million bank accounts, do need toilets for girls.
- I hope one of these days an Indian woman is IMF chief.
- Worrying that only 33% women on India's job market.
- India is under-represented in the UN.
- India is well-prepared for when US Fed hikes rates.
- India is fundamentally strong and can stay stable in long run.
- The price of oil helps the Indian economy in multiple respects.
- A strong, solid, well-capitalised financial market is critical.
- In addition to bold reforms India needs resilient implementation.
- Fairly confident of India's revised growth data.
- Need to reduce excessive inequality in India.
- I know how hard it has been on the Greek population, I feel strongly for them.
- Growth is best when it is inclusive.
- I would personally invest in India.
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