The IMF recently conducted an Article IV consultation with India and raised concerns about the country’s growing debt, volatile inflation, lower employment in the informal sector, and potential disruption of the global supply chain. However, the Indian government refuted these concerns, stating that its sovereign debt risks are limited as it is primarily denominated in domestic currency. There is a disagreement between India and the IMF regarding the reclassification of India’s exchange rate regime. Tap for more at Thewire
