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FSAP Report 2025
December 3 , 2025
16 hrs 0 min
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- The report was released by the World Bank.
- Financial Sector Assessment Program (FSAP) is a joint initiative by the World Bank and International Monetary Fund (IMF) started in 1999.
- The 2025 report urged India to accelerate financial sector reforms to reach a USD 30 trillion economy by 2047.
- India’s financial system is strong and diversified, with assets rising to about 175% of GDP from 144% in 2017.
- Digital public infrastructure has improved access, efficiency, and financial inclusion in India.
- Regulatory progress by the RBI and SEBI has strengthened supervision, though NBFC (Non-Banking Financial Companies) oversight challenges remain.
- The report recommends deepening bond markets, mobilising private capital, strengthening NBFC regulation, integrating digital reforms, and promoting green finance.
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