Economy Implementing economic reforms essential to reverse India's current slowdown: World Bank Updated : August 19, 2020 08:18 PM IST Fiscal deficit of the central government is likely to increase to 6.6 percent of GDP this fiscal year. India needs to continue to implement critical reforms in key areas such as health, labour, land, skills and finance to come out stronger from the impact of the COVID-19 pandemic. Reforms in the NBFC sector are needed to support its role in channelling credit to the real sector. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.