India: Selected Issues

January 23, 1997

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India: Selected Issues, (USA: International Monetary Fund, 1997) accessed December 26, 2024

Summary

This Selected Issues paper analyzes the medium-term macroeconomic outlook for India. The paper highlights that in the strong adjustment scenario, the joint effect of strong fiscal consolidation and ambitious structural reforms would bring the Indian economy onto a sustainable high growth path, reaching 7 percent around the turn of the century. Although there could be some initial dip in growth, owing to the contractionary effects of fiscal retrenchment, this should be temporary as a strong surge in investment, together with productivity improvements related to structural reforms, should drive an acceleration in growth performance.

Subject: Balance of payments, Currency markets, Domestic savings, Economic sectors, Foreign direct investment, Foreign exchange, National accounts, Public enterprises, Public sector

Keywords: Bank, Bank inspection, CR, Domestic savings, East Asia, Enterprise, Foreign direct investment, Global, Investment, ISCR, Market, Mutual fund, Oil enterprise, Public enterprises, Public sector, Public sector bank, Saving, Saving rate, Trends DSTPUBLIC enterprise profitability

Publication Details

Pages:

125
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/132
Stock No:

1INDEA0021996
ISBN:

9781451818598
ISSN:

1934-7685

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