India : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

November 4, 1998

Electronic Access:

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Summary:

This paper reviews economic developments in India during 1996–98. After three successive years of growth more than 7 percent, growth of slowed to an estimated 5 percent in 1997/98. The slowdown predates the Asian crisis, and its proximate causes are a decline in agricultural output and weak industrial sales. Weaker investment appears to be a major factor behind the industrial slowdown. The balance of payments continued to improve in 1997/98, despite a widening in the current account deficit to 1½ percent of GDP.

Series:

Country Report No. 98/120

Subject:

English

Publication Date:

November 4, 1998

ISBN/ISSN:

9781451818604/1934-7685

Stock No:

1INDEA0021998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

97

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