India : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

January 23, 1997

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.

Series:

Country Report No. 96/132

Subject:

English

Publication Date:

January 23, 1997

ISBN/ISSN:

9781451818598/1934-7685

Stock No:

1INDEA0021996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

125

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