The World Bank and IMF, in their latest Financial Sector Assessment Program (FSAP) reports on India, said the country's financial system has become more resilient, diversified, and inclusive since the previous assessment in 2017. The World Bank released its Financial Sector Assessment (FSA) report on Oct 30 while the IMF published its Financial System Stability Assessment (FSSA) in Feb 2025, following the joint evaluation conducted in 2024. The FSA report said financial sector reforms helped India recover from earlier stress periods and the pandemic. It said that sustaining the pace of reforms will be key to achieving the country's target of becoming a $30 trillion economy by 2047, driven by higher private capital mobilisation.