India: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

November 26, 2025

Summary

India’s strong economic performance has benefitted from sound
macroeconomic policies and earlier structural reforms. Despite external headwinds,
growth is expected to remain resilient, with inflation remaining subdued. Amid high
uncertainty, potential upside risks stem from swift conclusions of trade agreements and
accelerated implementation of domestic structural reforms, while possible downside
risks from deepening geoeconomic fragmentation persist.

Subject: Credit, Exchange rates, Foreign exchange, Macrostructural analysis, Money, Structural reforms, Tariffs, Taxes

Keywords: Credit, Exchange rates, food disinflation, Global, near-term inflation projection, South Asia, staff report, staff statement, Structural reforms, Tariffs, textile sector

Pages:
116
Volume:
2025
DOI:
https://doi.org/10.5089/9798229030809.002
Issue:
314
Series:
Country Report No. 2025/314
Stock No:
1INDEA2025003
ISBN:
9798229030809
ISSN:
1934-7685

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