## India: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, February 21, 2006_

## Source details

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## Bibliographic details
- Published: February 21, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818628.002

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### Executive summary and main findings
- The government’s medium-term fiscal strategy is described as "broadly appropriate."
- Faster implementation of the medium-term fiscal strategy is crucial for India’s economy.
- India’s growth spurt provides a "golden opportunity" to advance the government’s structural reform agenda.
- The government’s priorities are improving infrastructure, opening and liberalizing the Indian economy further, and alleviating poverty.
- Steps to improve the business climate and regulatory environment, and reform of restrictive labor laws, could have large payoffs in terms of foreign investment and job creation.

### Policy recommendations and structural reforms
- Accelerate implementation of the medium-term fiscal strategy.
- Improve infrastructure to support sustained growth.
- Continue opening and liberalizing the economy to attract investment.
- Alleviate poverty through targeted measures aligned with growth and reform.
- Improve the business climate and regulatory environment to raise foreign investment.
- Reform restrictive labor laws to enhance job creation.

### Thematic coverage and subjects
- Subjects listed: Banking, Commercial banks, Credit, External debt, Financial institutions, Foreign banks, Money, Oil prices, Prices.
- Keywords include: Asia and Pacific, Commercial banks, CR, Credit, Foreign banks, GDP, Global, import growth, ISCR, market rate, Oil prices, rate, rate increase, U.S. dollar, widening current account deficit.

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## Content in this bundle

- **_cr0655 — IMF staff report**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/india-2005-article-iv-consultation-staff-report-staff-statement-public-information-notice-on-18919_