India : 2013 Article IV Consultation

Publication Date: February 06, 2013
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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(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal consolidation | Subsidies | Fiscal reforms | Financial sector | Monetary policy | Floating exchange rates | Economic indicators | Debt sustainability analysis | Millennium Development Goals | Public information notices | India

Publication Date: February 06, 2013
ISBN/ISSN: 9781475594225/1934-7685 Format: Paper
Stock No: 1INDEA2013002 Pages: 94
US$18.00 (Academic Rate:
US$18.00 )
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