India: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India
IMF Staff Country Reports, February 27, 2025
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- India: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India
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Bibliographic details
- Published: February 27, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229002899.002
Overview and main findings
- Prudent macroeconomic policies have supported India’s economic resilience.
- Growth is expected to recover from a recent softening.
- Inflation is expected to converge to target.
- Monetary policy has been described as "broadly appropriate."
- Systemic financial risks are "broadly contained" but remaining pockets of vulnerability require further reform and vigilant supervision.
- Broad structural reforms are needed to support private investment, job creation, and medium-term growth.
Risks to the outlook
- Deepening geoeconomic fragmentation.
- A slower pace of domestic demand recovery.
Policy priorities and recommendations
- Continue rebuilding of fiscal buffers.
- Pursue gradual and data-dependent easing of monetary policy.
- Further strengthen financial resilience through reform and vigilant supervision.
- Advance comprehensive structural policies to:
- Invigorate investment.
- Boost the quantity and quality of employment.
- Raise potential growth.
- Near-term priorities highlighted:
- Labor market reform.
- Further reductions in trade restrictions.
- Continuing the public investment push.
- Providing strong policy frameworks for a stable economic environment.
Publication metadata and identifiers
- Publication date: February 27, 2025
- Pages: 137
- Volume: 2025
- Issue: 054
- Series: Country Report No. 2025/054
- DOI: https://doi.org/10.5089/9798229002899.002
- Stock No: 1INDEA2025001
- ISBN: 9798229002899
- ISSN: 1934-7685
Subjects and keywords
- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Crime, Expenditure, Public debt
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Eastern Europe, fund approval, Global, gross investment, headline inflation, IMF article, potential GDP
Source: India: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India (IMF Staff Country Reports), February 27, 2025.
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- 1indea2025001-print-pdf