November 20, 2019 | 5:35 PM IST
international monetary fund

India optimistic about agreement after thinning of trade differences with US

Finance Minister Nirmala Sitharaman, who is in Washington to attend the annual meet of International Monetary Fund (IMF) and the World Bank, on Thursday, said that there has been narrowing of trade differences between India and the United States.
The FM said she was optimistic about having an agreement sooner and the commerce ministry is working on it. She added that she was aware of the intensity of negotiations and a couple of issues on which there is a difference of opinions. Stressing on the same she said, “The differences are being sorted out and I hope we will reach an agreement sooner.”

Addressing the issue of growth rate for India, the FM said that though the IMF has projected a reduced growth rate for India, the country’s economy is ‘still growing as the fastest’. She said, “I wish it can grow faster. I will make every effort to make it grow faster, but the fact remains that it is still growing faster.
Replying to a query put up by the media she said, “I agree that the country’s growth rate is not eight or seven, but I don’t underestimate the potential that India is showing even in these adverse circumstances.”

A day earlier, the FM also interacted with global investors during the India Economic Summit organised by the World Economic Forum at the IMF headquarters.

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