New Delhi, Feb. 28 -- The International Monetary Fund (IMF) has said India's robust economic performance presents a crucial opportunity to implement key structural reforms that are essential for achieving its goal of becoming an advanced economy by 2047.

In an Article IV Consultation report for 2024, the IMF executive board said deeper implementation of structural reforms could boost private investment and employment in India, raising potential growth.

"Executive directors commended the authorities' prudent macroeconomic policies and reforms, which have contributed to making India's economy resilient and once again the fastest-growing major economy," IMF said in a statement. IMF directors said that amid challenges from geoeconomic fragm...