India: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, February 21, 2006
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- India: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: February 21, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818628.002
Executive summary and main findings
- The government’s medium-term fiscal strategy is described as "broadly appropriate."
- Faster implementation of the medium-term fiscal strategy is crucial for India’s economy.
- India’s growth spurt provides a "golden opportunity" to advance the government’s structural reform agenda.
- The government’s priorities are improving infrastructure, opening and liberalizing the Indian economy further, and alleviating poverty.
- Steps to improve the business climate and regulatory environment, and reform of restrictive labor laws, could have large payoffs in terms of foreign investment and job creation.
Policy recommendations and structural reforms
- Accelerate implementation of the medium-term fiscal strategy.
- Improve infrastructure to support sustained growth.
- Continue opening and liberalizing the economy to attract investment.
- Alleviate poverty through targeted measures aligned with growth and reform.
- Improve the business climate and regulatory environment to raise foreign investment.
- Reform restrictive labor laws to enhance job creation.
Thematic coverage and subjects
- Subjects listed: Banking, Commercial banks, Credit, External debt, Financial institutions, Foreign banks, Money, Oil prices, Prices.
- Keywords include: Asia and Pacific, Commercial banks, CR, Credit, Foreign banks, GDP, Global, import growth, ISCR, market rate, Oil prices, rate, rate increase, U.S. dollar, widening current account deficit.
Content in this bundle
- _cr0655 — IMF staff report