IMF Staff Country Reports

India: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

Publication Date:

March 2, 2016

Electronic Access:

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Summary:

This paper discusses outlook and risk related to the economic development of India. The Indian economy is on a recovery path, supported by a large terms of trade gain (about 2½ percent of GDP) and reduced external vulnerabilities, though downside risks remain. Important economic and structural reforms have been initiated, but further reforms are needed to boost India’s growth potential. Notwithstanding the cyclical pickup, medium-term growth continues to be constrained by supply-side bottlenecks and weaknesses in the corporate and banking sectors. Past fund advice and the authorities’ macroeconomic policies have been broadly aligned, but progress on structural reforms has been partial.

Series:

Country Report No. 2016/075

Subject:

Commercial banks Expenditure External debt Financial institutions Inflation Oil prices Prices Public investment spending