IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 22, 2017

Electronic Access:

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Summary:

The Indian economy has recorded strong growth in recent years, helped by a large terms of trade gain, positive policy actions including implementation of key structural reforms, a return to normal monsoon rainfall, and reduced external vulnerabilities. Inflation has remained low after the collapse in global commodity prices, a range of supply-side measures, and a relatively tight monetary stance. Key macroeconomic challenges include persistently-high household inflation expectations and large fiscal deficits, which limit policy space for supporting growth through demand measures. Supply bottlenecks and structural impediments are the main constraints to medium-term growth and job creation.

Series:

Country Report No. 17/54

Subject:

Article IV consultation reports Banks Corporate sector Economic growth Economic indicators Financial sector Fiscal consolidation Fiscal policy Fiscal reforms India Labor market reforms Monetary policy Press releases Public debt Staff Reports