netary Fund said Monday.
IMF chief Kristalina Georgieva pointed to India's struggles with declining consumption and investments, budget deficits and delays in making structural reforms. The IMF said the relationship between China and the United States, the world's dominant economic powers, is still troubled by "unresolved disputes".
"The gap between rich and poor can't be resolved without deliberate inequality-busting policies," Oxfam's India head Amitabh Behar said.US President Donald Trump signed a deal with China last week that eases the escalating trade tensions but leaves in place tariffs on two-thirds of the goods imported from the Asian economic power.
But two-thirds of that damage was due not to the tariffs but to trade uncertainty created by the conflict, which causes companies to put the brakes on investment. While growth remains relatively robust at 5.8 percent and 6.5 percent for the two years, respectively, it is not enough to continue to reduce poverty in the growing South Asian economy.
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