India must improve banks' ability to go after debtors: IMF
The International Monetary Fund (IMF) on Tuesday urged India to strengthen the ability of banks to go after debtors and warned that debt negatively impacts investments. IMF kept its GDP growth forecast for India unchanged at 7.4% for 2018-19 and 7.8% for 2019-20. It further said that India should address labour market rigidities to create more jobs.