India's economy an elephant starting to run, says IMF
The International Monetary Fund's (IMF) mission chief for India, Ranil Salgado, has described the $2.6-trillion economy as an elephant that's starting to run. India will remain one of the world's fastest-growing economies as reforms start to pay off, the Washington-based fund said. However, it warned of risks from higher fuel prices, weakening rupee and tax revenue shortfalls.