IMF commends India's economic resilience and growth amid global challenges

The IMF endorses India's growth story after Article IV consultation, commending robust economic growth, resilient financial sector, and progress in formalisation and digital infrastructure. India's economy exhibits robust growth, surpassing pre-pandemic employment levels. Financial sector shows resilience. Current account deficit widens, but services exports and oil import diversification provide stability. IMF projects strong growth trajectory for India. Risks balanced. Directors emphasize liberalization of foreign investment, structural reforms, and climate policy. Proactive fiscal and monetary policies praised. Stability of financial sector acknowledged, but vigilance required.