India : Selected Issues
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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
English
Publication Date:
February 21, 2006
ISBN/ISSN:
9781451818635/1934-7685
Stock No:
1INDEA2006002
Format:
Paper
Pages:
74
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