IMF Staff Country Reports

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

November 26, 2025

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "India: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India", IMF Staff Country Reports 2025, 314 (2025), accessed 12/21/2025, https://doi.org/10.5089/9798229030809.002

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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