India: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

October 15, 2021

Preview Citation

Format: Chicago

India: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

The ongoing COVID-19 pandemic has created a prolonged health crisis. Economic activity was slowing prior to the pandemic. Two COVID-19 waves have resulted in a deep and broad-based economic downturn with the potential for a longer lasting impact. The authorities have responded with fiscal policy, including scaled-up support to vulnerable groups, monetary policy easing and liquidity provision, and accommodative financial sector and regulatory policies. Despite the pandemic, the authorities have continued to implement structural reforms.

Subject: COVID-19, Expenditure, Government debt management, Health, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: COVID-19, Eastern Europe, Global, Government debt management, Headline consumer price inflation, Labour market functioning, Monetary policy easing, Potential GDP, Privatization of government enterprise, The Authorities

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/230
Stock No:

1INDEA2021001
ISBN:

9781513598925
ISSN:

1934-7685

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