IMF Country Report: India

New Delhi India
Image: SoumenNath iStock

India has been among the fastest-growing economies in the world over the past few year.

Following transitory disruptions, growth is projected to recover in FY2018/19 and strengthen in FY2019/20 as stability-oriented macroeconomic policies and progress on structural reforms continue to bear fruit.

Key external risks including higher global oil prices and tighter global financial conditions, have grown in recent months, placing a premium on prudent policies. There are also domestic risks which include tax revenue shortfalls and delays in addressing the twin-bank-corporate balance sheet problems.