India is on the right track as it has been quite innovative on the policy side, including digital identity and payments, the International Monetary Fund (IMF) said. According to the IMF, the Indian government should also take into account the significance of investments in financial institutions, oversight, and infrastructure in a long-term way – it would thus ensure that every piece fits together like a puzzle to fuel growth in the country. “The goal is to have an economy and a financial system that can absorb shocks. Balance sheets can be better managed, Non-Performing Loans (NPLs) can be better managed,” Tobias Adrian, the director
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