India: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

March 2, 2016

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Format: Chicago

India: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses outlook and risk related to the economic development of India. The Indian economy is on a recovery path, supported by a large terms of trade gain (about 2½ percent of GDP) and reduced external vulnerabilities, though downside risks remain. Important economic and structural reforms have been initiated, but further reforms are needed to boost India’s growth potential. Notwithstanding the cyclical pickup, medium-term growth continues to be constrained by supply-side bottlenecks and weaknesses in the corporate and banking sectors. Past fund advice and the authorities’ macroeconomic policies have been broadly aligned, but progress on structural reforms has been partial.

Subject: Commercial banks, Expenditure, External debt, Financial institutions, Inflation, Oil prices, Prices, Public investment spending

Keywords: Bank credit growth, Commercial banks, CR, GDP data, Global, Household inflation expectation, Inflation, ISCR, Market price, Net portfolio investment outflow, Net spot sale, Oil prices, Outflow, Public investment spending, South Asia

Publication Details

Pages:

95
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/075
Stock No:

1INDEA2016001
ISBN:

9781513524306
ISSN:

1934-7685

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