Managing Director of International Monetary Fund Christine Lagarde said on Saturday that India's stars are shining bright with promise of more reforms.   Speaking at Advancing Asia conference, the IMF chief said lauded Aadhaar, saying it is a ground breaking way to deliver targeted subsidies.

Speaking at the conference, Prime Minister Narendra Modi said, "I am extremely happy that the IMF has decided to finalise the next round of quota changes by October 2017."

"Reform of global institutions has to be an ongoing process," Modi said.   Calling Asia a ray of hope for global economic recovery, Modi said Asia has a large number of women leaders.

"India has historically contributed to Asia in several ways. We all want Asia to succeed," Modi said.

"Corruption and interference in the decisions of banks and regulators are now a thing of the past," he said.

"We have increased investment in rural & agriculture sector, because that is where a majority of India still lives," Modi said.