International Monetary Fund Backs India’s Push to Modernise Macroeconomic Statistics

Exam-focused facts from the 12 September 2026 current affairs briefing.

Key facts

The International Monetary Fund (IMF) welcomed India's efforts to modernise its statistical framework, noting that the new Index of Industrial Production (IIP) and Producer Price Index (PPI) series incorporated into the latest GDP release should improve the accuracy of India's GDP estimates.
IMF Communications Department Director Julie Kozack stated that India's real GDP grew 7.8% in the second quarter, above IMF staff expectations and consensus, driven by stronger-than-expected services sector activity and exports.
Kozack said the growth outcome underscores the resilience of the Indian economy despite the energy price shock and that India remains a key growth engine for the world.