IMF Staff Country Reports

India : 2019 Article IV Consultation-Press Release; Staff Report; Staff Statement and Statement by the Executive Director for India

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

December 23, 2019

Electronic Access:

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Summary:

India has been among the world’s fastest-growing economies in recent years, lifting millions out of poverty. However, growth slowed to a six-year low in the first half of 2019, with both consumption and investment decelerating owing to weak, especially rural, income growth, stresses in the non-bank financial sector, and corporate and environmental regulatory uncertainty. On the external sector, following a rise in vulnerabilities in 2018, stability has returned, anchored by high foreign reserve buffers and a modest current account deficit.

Series:

Country Report No. 19/385

Subject:

Balance of payments Consumption Economic growth Economic indicators External sector