Selected Macroeconomic Issues India for Mid-Career IES officers - Batch-1

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Target audience:
- Mid-level to senior officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.
Qualifications:
- Participants should preferably have an advanced degree in economics or equivalent experience.

The course covers a broad range of macroeconomic issues.
The course analyzes the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages including macro-fiscal and macro-financial aspects.
The course addresses how to diagnose macroeconomic imbalances and financial stability risks.
The course relates theoretical material to the Indian context and helps participants develop a deeper understanding of India's present economic opportunities and challenges.

Upon completion of the course, participants should be able to:

Analyze potential output and calculate output gaps and diagnose the outlook for the Indian economy.
Assess the stance of current fiscal, monetary and exchange rate, and financial policies.
Assess macro-financial linkages and understand some aspects of financial regulation and macro prudential policies.
Assess the medium-term prospects of the economy, especially the sustainability of public and external debt, and identify impediments to long-term growth.
Identify possible external and internal economic risks and vulnerabilities to economic growth and identify policies to address them.