Mumbai, Oct. 17 -- Krishna Srinivasan, Director of the Asia and Pacific Department, International Monetary Fund, has stated that India is growing at 6.6 percent this year before slowing to 6.2 percent next year, and that slowdown next year is because of the higher tariffs of 50 percent. However, he noted that if one looks at India's fundamentals, growth is good, inflation's coming down, fiscal deficit is well-managed. If India has to grow at the rate at which you're talking about in terms of being Viksit Bharat by 2047, India has to fire on all cylinders, strengthen domestic demand, strengthen integration within India. The GST reforms go in that direction, which will provide a fillip to consumption and improve domestic demand.

There is a...