This web page presents information about the work of the IMF in India, including the activities of the IMF Resident Representative Office. Additional information can be found on the India and IMF country page, including IMF reports and Executive Board documents that deal with India.
At a Glance: India's Relations with the IMF
- Current IMF membership: 189 countries
- India Joined on December 27, 1945; Article VIII
- Total Quota: SDR 4,158.20 million
- Outstanding loans: None
- The last Article IV Executive Board Consultation was on February 13, 2015 (Country Report No. 15/61)
- Financial Sector Stability Assessment (FSSA) Update published on January 15, 2013. This paper on India was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on February 22, 2012. The Indian authorities published a Press Release on January 16, 2013 updating some of the information in the FSSA Update.
News and Highlights
By Sonali Jain-Chandra, Kalpana Kochhar and Tidiane Kinda
May 25, 2016
Op-ed by Paul Cashin and Thomas Richardson
May 24, 2016
South Asia Regional Update, April 2016
May 24, 2016
April 30, 2015
South Asia Regional Update, November 2014
November 7, 2014
India and the IMF
August 8, 2016
Author/Editor: Sajjid Chinoy ; Pankaj Kumar ; Prachi Mishra
Series: Working Paper No. 16/166
August 8, 2016
Author/Editor: Prachi Mishra ; Peter Montiel ; Rajeswari Sengupta
Series: Working Paper No. 16/167
July 28, 2016
Author/Editor: Lekha Chakraborty
Series: Working Paper No. 16/150
June 29, 2016
April 27, 2016
The world’s economic leaders and stakeholders gathered at the 2016 IMF-World Bank Spring Meetings to tackle today’s global challenges—a slowing economy, the refugee crisis, and other global risks to stability—and forge the path towards more sustainable solutions.
Regional Economic Outlook: Asia and Pacific
Growth in the Asia-Pacific economies is expected to decelerate slightly to about 5.3 percent during 2016–17, according to the latest Regional Economic Outlook for Asia and Pacific, published on May 3, 2016. While Asia remains the engine of the global economy, the moderation in regional growth reflects the sluggish global recovery and slowing global trade. As external demand remains relatively subdued and global financial conditions have started to tighten, domestic demand is expected to be a major driver of activity across most of the region. The report finds that policy settings are appropriate across most of the region, but implementing structural reforms is critical to bolstering potential growth and reducing potential vulnerabilities. The report also covers China’s spillovers to Asia, implications of China’s rebalancing for trade, and inequality in the region.
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.
If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.