This document is a press release detailing the findings of the 2024 Financial Sector Assessment Program (FSAP) for India, a joint initiative by the IMF and World Bank. It highlights the resilience and diversification of India's financial system since 2017, acknowledging reforms that aided recovery from past crises. The report offers recommendations for further strengthening the financial sector to support India's economic growth targets, covering areas like banking, insurance, capital markets, and climate risk.