India: Selected Issues
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Summary:
This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy, although ensuring the sustainability of this growth requires broad-based fiscal and structural reforms. Higher world oil prices present risks in both the near and medium term. In the short-term, higher oil prices combined with robust domestic demand threaten to push inflation higher. Over the longer-term, permanently higher oil prices can depress growth and widen fiscal imbalances, in particular if the economy is not allowed to adjust to new price levels.
Series:
Country Report No. 2006/056
Subject:
Commodities Credit Financial institutions Inflation Loans Money Oil Oil prices Prices
English
Publication Date:
February 21, 2006
ISBN/ISSN:
9781451818635/1934-7685
Stock No:
1INDEA2006002
Pages:
74
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