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 September 18, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2017/054
Stock No:

1INDEA2017001
ISBN:

9781475579789
ISSN:

1934-7685

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