India: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

February 22, 2017

Preview Citation

Format: Chicago

India: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights strong growth recorded by the Indian economy in recent years helped by a large terms-of-trade gain and positive policy actions. Inflation has remained low following the collapse in global commodity prices, a range of supply-side measures, and a relatively tight monetary stance. Fiscal consolidation at the Union Government level resumed in FY2016/17 and has been complemented by measures to enhance the quality of public spending. Growth is projected to slow to 6.6 percent in FY2016/17 and then rebound to 7.2 percent in FY2017/18, owing to temporary disruptions, primarily to private consumption, caused by cash shortages.

Subject: Banking, Commercial banks, Credit, Currencies, Financial institutions, Inflation, Money, Prices, Public debt

Keywords: Advance estimate, Commercial banks, CR, Credit, Currencies, Currency exchange initiative, Foreign direct investment inflow, Global, Inflation, ISCR, Net, Net portfolio investment outflow, South Asia, Spot sale, State

Publication Details

Pages:

108
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/054
Stock No:

1INDEA2017001
ISBN:

9781475579789
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports