Statement by IMF Deputy Managing Director Nigel Clarke at the Conclusion of His Visit to India
IMF News, September 15, 2026
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Bibliographic details
- Published: September 15, 2026
Visit summary and logistics
- Visit dates: September 7-11, 2026.
- Statement issued: September 15, 2026.
- Press Release No.: 26/288.
- Engagement locations: New Delhi, Mumbai, and Chennai.
- Principal acknowledgements: Minister of Finance and Corporate Affairs Nirmala Sitharaman; Reserve Bank Governor Sanjay Malhotra; NITI Aayog Vice Chairman Ashok Kumar Lahiri.
- IMF media contact: PRESS OFFICER: Eva Graf. Phone: +1 202 623-7100. Email: MEDIA@IMF.org.
Key observations and findings
- India described as "a key driver of global growth" and "the world’s fastest-growing major economy."
- India’s strengths highlighted: strong fundamentals and sound policy frameworks.
- Areas emphasized during discussions:
- India’s economic outlook.
- The evolving global environment and associated risks.
- Policy priorities to support sustainable and inclusive growth.
Macroeconomic guidance and policy priorities
- Core policy priorities stated:
- Preserving macroeconomic stability and resilience amid heightened global uncertainty and evolving risks.
- Maintaining nimble policies.
- Keeping inflation in check.
- Advancing reforms that can lift productivity, strengthen competitiveness, and sustain strong growth over the medium term.
- Multilateralism: Mr. Clarke thanked the Indian government for its continued support of multilateralism and other countries in the region.
Private sector, technology, and inclusive growth
- Impressions of the private sector: dynamism, deep talent pool, and rapidly evolving technological and manufacturing capabilities.
- Potential growth drivers identified:
- Innovation.
- Digital transformation.
- Advanced manufacturing.
- Technology adoption.
- Policy-relevant recommendations and priorities:
- Sustained investment in skills.
- Responsible technology use.
- Measures to ensure benefits of growth are widely shared and to support higher-value activities.
IMF partnership and outlook
- Assessment: "India has the potential to power the next wave of global growth."
- Commitment: "the IMF remains a close partner in supporting the country on this journey."
Source: Statement by IMF Deputy Managing Director Nigel Clarke at the Conclusion of His Visit to India, September 15, 2026.