India : 2013 Article IV Consultation

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 6, 2013

Electronic Access:

Free Full text (PDF file size is 2169 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

India’s economy has slowed substantially before and after the global financial crisis. The economy is in a weaker position than before the crisis. With investment particularly hard-hit, potential GDP is likely to be lower than estimated. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality is deteriorating considerably. The current account deficit registered a record high in 2011–12. Delivering on structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery.

Series:

Country Report No. 13/37

Subject:

English

Publication Date:

February 6, 2013

ISBN/ISSN:

9781475594225/1934-7685

Stock No:

1INDEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

94

Please address any questions about this title to publications@imf.org