IMF Staff Country Reports

India: Recent Economic Developments

September 14, 1995

Preview Citation

Format: Chicago

India: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 23, 2024

Summary

This paper describes economic developments in India during the 1990s. Since late 1993/94, economic activity has expanded rapidly. Fiscal policy was relaxed substantially in 1993/94, a move that was only partly reversed in 1994/95. Like some other emerging markets, India experienced a surge of capital inflows, which contributed to a loosening of monetary conditions, notwithstanding efforts by the Reserve Bank to tighten monetary policy. With increased confidence and greater access to foreign financing, private investment has increased sharply. On the structural side, the authorities have continued to press ahead with reforms in a number of areas.

Subject: Budget planning and preparation, Economic sectors, Imports, International trade, Monetary base, Money, Public financial management (PFM), Public sector, Revenue administration

Keywords: Adjustment program, Budget planning and preparation, Capital goods, Commercial paper, Consumer goods, CR, Deficit, GDP, Imports, India, India money, ISCR, Making market transaction, Market, Market efficiency, Market participant, Monetary base, Public sector

Publication Details

  • Pages:

    68

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/086

  • Stock No:

    1INDEA0011995

  • ISBN:

    9781451818512

  • ISSN:

    1934-7685

Notes

This report on recent economic developments in India was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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