0643 GMT - India's private investment sector remains concerning, says Krishna Srinivasan, director for IMF's Asia and Pacific department. A lot of reforms are needed in the space, with investment in machinery and equipment in particular being muted, when these areas can help boost productivity of the economy, Srinivasan says in a press briefing. India can stand to benefit from opening up more to trade, as well as implementing structural reforms in the labor market, education and public infrastructure, says Thomas Helbling, deputy director for IMF's Asia and Pacific department. These reforms can help India benefit more from its large domestic market and increase opportunities for trade. It can also benefit from greater integration into the region, Helbling adds. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 02:43 ET (06:43 GMT)
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