How India escaped the IMF cycle - the Manmohan Singh lesson

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Sri Lanka should take a leaf from India’s Dr Manmohan Singh era. When India faced a near-existential balance-of-payments crisis in 1991, it turned to the IMF but Dr Manmohan Singh did not allow the IMF programme to become the country’s economic strategy. The IMF helped India survive the crisis , India’s own reforms built the recovery. ..