IMF Staff Country Reports

India: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

February 22, 2017

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India: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India, (USA: International Monetary Fund, 2017) accessed October 14, 2024

Summary

This 2017 Article IV Consultation highlights strong growth recorded by the Indian economy in recent years helped by a large terms-of-trade gain and positive policy actions. Inflation has remained low following the collapse in global commodity prices, a range of supply-side measures, and a relatively tight monetary stance. Fiscal consolidation at the Union Government level resumed in FY2016/17 and has been complemented by measures to enhance the quality of public spending. Growth is projected to slow to 6.6 percent in FY2016/17 and then rebound to 7.2 percent in FY2017/18, owing to temporary disruptions, primarily to private consumption, caused by cash shortages.

Subject: Banking, Commercial banks, Credit, Currencies, Financial institutions, Inflation, Money, Prices, Public debt

Keywords: Advance estimate, Commercial banks, CR, Credit, Currencies, Currency exchange initiative, Foreign direct investment inflow, Global, Inflation, ISCR, Net, Net portfolio investment outflow, South Asia, Spot sale, State

Publication Details

  • Pages:

    108

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/054

  • Stock No:

    1INDEA2017001

  • ISBN:

    9781475579789

  • ISSN:

    1934-7685