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Selected Macroeconomic Issues India for Phase 1 IAS Officers

Invitation

Session No.: SA 24.21

Location: Mussoorie, India

Date: March 12-13, 2024

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Officer trainees comprising the incoming cohort of the Indian Administrative Service.

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    Qualifications

    Successful candidates selected through the competitive Union Public Services Commission examination and assigned to the Indian Administrative Service.

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    Pre-requisites

    Participants should have attended the macroeconomics module offered at the Foundation Course for officer trainees comprising the entry cohort into India's civil service.

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    Course Description

    This course, presented by the IMF Institute for Capacity Development (ICD) and South Asia Regional Training and Technical Assistance Center (SARTTAC), provides perspectives on the key components of a country's economy from a macroeconomic perspective, their inter-linkages, and the role of monetary, fiscal, and debt policy in ensuring a stable macroeconomic environment, external competitiveness, and sustained, inclusive growth. The course relies on a case study of India to illustrate its current macroeconomic challenges and to demonstrate practical tools for use in day-to-day macroeconomic analysis and policymaking.

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    Course Objectives

    Upon completion of this course, participants should have a basic understanding of the role of macroeconomic and financial policies in ensuring low inflation, debt sustainability, and supportive growth, and how each is affected by decisions made by central banks, ministries of finance, and other agencies charged with ensuring sound macroeconomic management, including in India. Participants should be able to better identify (i) external and internal imbalances in the economy affecting inflation, interest, and exchange rates; debt levels; and economic growth and (ii) the policies needed to address manage these vulnerabilities and reduce overall risks in the economy.

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