The International Monetary Fund (IMF) announced that India's economy is expected to experience a growth rate of 6.3% in the current fiscal year and the subsequent one. This positive outlook is attributed to the nation's macroeconomic and financial stability. The IMF emphasised in its Article IV consultation report, which assesses a country's present and medium-term economic prospects, that the sustained growth will be supported by India's digital public infrastructure and a robust government infrastructure program.

Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower. Meanwhile, retail inflation rose to 5.55% in November, up from 4.87% the previous month, primarily due to volatile food prices. Although this remains within the RBI's acceptable range of 2% to 6%, it still exceeds the target of 4%.