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

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2025 Issue 314

Publication date: November 2025

ISBN: 9798229030809

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , staff report , textile sector , staff statement , food disinflation , near-term inflation projection , Tariffs , Exchange rates , Credit , Structural reforms , Global , South Asia

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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.