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IMF Calls for India's Fiscal Consolidation
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IMF Urges India to Address Debt
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IMF urges India to implement ambitious fiscal consolidation to address public debt, projecting a 6.3% economic growth for the current fiscal year and the next. The IMF also approves a 50% increase in lending resources, while recommending a new quota formula by June 2025.
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How could the proposed new quota formula by June 2025 affect the distribution of IMF lending resources and the fund's overall lending capacity?
How might India's fiscal consolidation efforts impact its public debt and economic stability?
What are the potential implications of the IMF's lending resource increase on global economic dynamics?
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