IMF Staff Country Reports

India : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

February 21, 2006

Electronic Access:

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Summary:

This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy, although ensuring the sustainability of this growth requires broad-based fiscal and structural reforms. Higher world oil prices present risks in both the near and medium term. In the short-term, higher oil prices combined with robust domestic demand threaten to push inflation higher. Over the longer-term, permanently higher oil prices can depress growth and widen fiscal imbalances, in particular if the economy is not allowed to adjust to new price levels.

Series:

Country Report No. 06/56

Subject:

Competition Credit India Inflation Oil prices Public finance Selected issues Statistics Tax bases Tax reforms