India's claim to 'bright spot' fame at the moment is juxtaposed with growth estimate cuts and forecast of weaker growth in the next fiscal year starting April 1. "The growth rates are much higher than what you have for the EMDEs as a group (and for any other country or regional grouping around the world), which is why we have said that India is a relative bright spot. We should not downplay this achievement," Krishna Srinivasan, director of the Asia and Pacific Department at IMF, said in a media round table.