This web page presents information about the work of the IMF in India, including the activities of the IMF Resident Representative Office. Additional information can be found on the India and IMF country page, including IMF reports and Executive Board documents that deal with India.

India and the IMF Country Page

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At a Glance: India's Relations with the IMF

  • Current IMF membership: 190 countries
  • India Joined on December 27, 1945; Article VIII
  • Total Quota: SDR 4,158.20 million
  • Outstanding loans: None
  • The last Article IV Executive Board Consultation was on January 25, 2017 (Country Report No. 17/54)

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News and Highlights

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India and the IMF

  • Opening Remarks at the press conference on the release of the IMF’s Regional Economic Outlook for Asia and Pacific

    April 30, 2024

    Opening Remarks by Krishna Srinivasan, Director of the Asia and Pacific Department at the press conference on the release of the IMF’s Regional Economic Outlook for Asia and Pacific, April 30, 2024, Singapore

  • Opening Remarks by Deputy Managing Director Okamura at the Thirteenth IMF-Japan High-Level Tax Conference for Asian Countries

    April 25, 2024

    Since then, the global economy has shown surprising resilience to successive shocks. As you have seen in our latest World Economic Outlook, we expect global growth to reach 3.1 percent this year. Asia remains the engine of growth—on track to deliver 60 percent of global growth this year. And it is ahead of the curve on taming inflation. Most countries in Asia are expected to reach central bank targets in 2024. But challenges remain. Providing extraordinary support in response to the pandemic and Russia’s war in Ukraine has left governments with fewer resources amid high debt and rising debt servicing costs. At the same time, demand for public spending is growing, including in Asia—which faces aging populations and climate change. And the lowest medium-term global growth prospects in decades mean less tax revenues to pay for it all.

  • Building a Fair and Inclusive Tax System in Asia

    April 25, 2024

    Opening Remarks by Deputy Managing Director Okamura at the Thirteenth IMF-Japan High-Level Tax Conference for Asian Countries, Tokyo, Japan, April 25, 2024

  • Transcript of Asia Pacific Department April 2024 Press Briefing

    April 18, 2024

    : Good morning, everyone. Thank you for attending the IMF's press briefing on the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department at the IMF, and joining me today is Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF.

  • Transcript of IMF Press Briefing

    April 4, 2024

    Good morning, everyone, both to those of you here with us in person and to those joining us online. Welcome to the IMF press briefing. I am Julie Kozak, Director of the Communications Department. As usual, this briefing will be embargoed until 11:00 a.m. Eastern Time in the United States.

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April 29, 2024

April 2024 Regional Economic Outlook for Asia and Pacfic

Steady Growth amid Diverging Prospects

Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Read the Report

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Scam Alert

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.


Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.


If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.

Additional general information on scam e-mails may be found at the following websites:
1) http://www.lookstoogoodtobetrue.com/
2) http://www.treas.gov/press/releases/js1130.htm