International Monetary Fund (IMF) has suggested three steps to India to sustain high growth rate. They include:
1.Banking Sector Reforms (revive bank credit and improve efficiency of credit provision, accelerate the cleanup of bank and corporate balance sheets and enhance the governance of public sector banks).
2.Continue Fiscal Consolidation, lower elevated public debt levels and simplify and streamline GST
3.Renew impetus to reforms of key markets over the medium-term (such as labour and land reforms) and improve the overall business climate to improve competitiveness.