The International Monetary Fund (IMF) has clarified that recent statements made by Krishnamurthy Subramanian regarding India's growth figures do not reflect its views, reported news agency PTI.
Julie Kozack, spokesperson for the IMF, told reporters that the remarks attributed to Mr Subramanian were made in his capacity as India's representative within the IMF, rather than as a statement of the IMF's official position.
"The views conveyed ...by Mr Subramanian were in his role as India's representative at the IMF," PTI quoted IMF's spokesperson Julie Kozack.
"So, the basic idea is that with the kind of growth that India has registered in the last 10 years, if we can redouble the good policies that we have implemented over the last 10 years and accelerate the reforms, then India can grow at 8 per cent from here on till 2047," Subramanian had said, as per the report.
She explained that the IMF's projections are formulated through a structured process involving its Executive Board, which consists of representatives from member countries.
The IMF spokesperson further noted that the IMF is set to release its updated World Economic Outlook in the coming weeks, but as of January, the medium-term growth projection for India stood at 6.5%, which represented a slight upward revision from previous estimates made in October.
