India: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India
October 15, 2021
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The ongoing COVID-19 pandemic has created a prolonged health crisis. Economic activity was slowing prior to the pandemic. Two COVID-19 waves have resulted in a deep and broad-based economic downturn with the potential for a longer lasting impact. The authorities have responded with fiscal policy, including scaled-up support to vulnerable groups, monetary policy easing and liquidity provision, and accommodative financial sector and regulatory policies. Despite the pandemic, the authorities have continued to implement structural reforms.
Subject: COVID-19, Expenditure, Government debt management, Health, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration
Keywords: COVID-19, Eastern Europe, Global, Government debt management, headline consumer price inflation, labour market functioning, monetary policy easing, potential GDP, privatization of government enterprise, The Authorities
Pages:
89
Volume:
2021
DOI:
Issue:
230
Series:
Country Report No. 2021/230
Stock No:
1INDEA2021001
ISBN:
9781513598925
ISSN:
1934-7685
