India: 2013 Article IV Consultation

February 6, 2013

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India: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 24, 2024

Summary

India’s economy has slowed substantially before and after the global financial crisis. The economy is in a weaker position than before the crisis. With investment particularly hard-hit, potential GDP is likely to be lower than estimated. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality is deteriorating considerably. The current account deficit registered a record high in 2011–12. Delivering on structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery.

Subject: Balance of payments, Banking, Current account deficits, External debt, Financial services, Inflation, Prices, Public debt, Real interest rates

Keywords: Anchor inflation expectation, Core WPI inflation, CPI trend, CR, Current account deficits, Deficit, Global, Headline WPI inflation, Inflation, Inflation expectation, Inflation expectations survey, ISCR, Real interest rates, South Asia, U.S. dollar

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/037
Stock No:

1INDEA2013002
ISBN:

9781475594225
ISSN:

1934-7685

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