India: 2012 Article IV Consultation-Staff Report; Staff Statement and Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

April 18, 2012

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Format: Chicago

India: 2012 Article IV Consultation-Staff Report; Staff Statement and Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This Article IV Consultation reports that India’s growth remains relatively high, but various factors, including the unsettled global outlook and slow government decision making, have weighed on investment. Inflation has moderated, leading the Reserve Bank of India (RBI) to pause monetary tightening, but remains elevated. The slow pace of fiscal consolidation has added to demand pressures. Ensuring sustainable growth will require reinvigorating the structural agenda, rather than relying on monetary and fiscal stimulus. Measures to facilitate infrastructure investment, reform the financial sector and labor markets, and address agricultural productivity and skills mismatches stand out.

Subject: Exports, External debt, Financial services, Inflation, International trade, Prices, Public debt, Real interest rates

Keywords: CPI-IW inflation momentum, CR, Debt, Deficit, East Asia, Eastern Europe, Exports, Global, Import growth, Inflation, Inflation pressure, ISCR, Portfolio equity inflow, Real interest rates, Staff appraisal

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/096
Stock No:

1INDEA2012001
ISBN:

9781475503081
ISSN:

1934-7685

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