IMF Projects India's Robust Growth To Stay Resilient At 6.6 Per Cent Despite Tariffs And Global Headwinds

Contributing sentiments towards policy:

54% : The rationalisation of GST rates and simplification of compliance processes could help sustain consumption and investment activity, while enhancing tax buoyancy over the medium term.
54% : While welcoming the simplification of GST and adjustments to personal income tax rates, it urged careful monitoring of the fiscal consequences of these changes.
48% : The institution supported the government's plan for continued fiscal consolidation but cautioned that achieving the fiscal deficit target would require strict spending control and efficient resource allocation.
43% : According to the IMF, India's ongoing reforms -- especially those related to the goods and services tax (GST) -- are expected to mitigate some of the adverse effects of trade protectionism.

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