Finance Minister Nirmala Sitharaman on Wednesday said the International Monetary Fund (IMF) appreciated India’s healthy economic performance and did not question its growth figures.

Stating that the IMF flagged an outdated base year while giving a ‘C’ grade to India’s national accounts, including Gross Domestic Product (GDP) and Gross Value Added (GVA), Sitharaman in the Lok Sabha said that from February 27, 2026, India will move to a new base year of 2022-23 for calculating national accounts.

She was responding to NCP member Supriya Sule, who expressed concerns about IMF grades during the discussion on the Central Excise (Amendment) Bill, 2025, in the House.

The Finance Minister said that the IMF report mostly focuses on healthy economic performance.

The ratings given by the IMF are p

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