India: Recent Economic Developments
September 14, 1995
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This paper describes economic developments in India during the 1990s. Since late 1993/94, economic activity has expanded rapidly. Fiscal policy was relaxed substantially in 1993/94, a move that was only partly reversed in 1994/95. Like some other emerging markets, India experienced a surge of capital inflows, which contributed to a loosening of monetary conditions, notwithstanding efforts by the Reserve Bank to tighten monetary policy. With increased confidence and greater access to foreign financing, private investment has increased sharply. On the structural side, the authorities have continued to press ahead with reforms in a number of areas.
Subject: Budget planning and preparation, Economic sectors, Imports, International trade, Monetary base, Money, Public financial management (PFM), Public sector, Revenue administration
Keywords: adjustment program, Budget planning and preparation, capital goods, commercial paper, consumer goods, CR, deficit, GDP, Imports, India, India money, ISCR, making market transaction, market, market efficiency, market participant, Monetary base, Public sector
Pages:
68
Volume:
1995
DOI:
Issue:
086
Series:
Country Report No. 1995/086
Stock No:
1INDEA0011995
ISBN:
9781451818512
ISSN:
1934-7685
Notes
This report on recent economic developments in India was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
