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

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India : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India
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Volume/Issue:
2017/54
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Asia and Pacific Dept
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
February 2017
DOI:
http://dx.doi.org/10.5089/9781475579789.002
ISBN:
9781475579789
ISSN:
1934-7685
Page:
108
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.
Article

India: Staff Report for the 2017 Article IV Consultation—Informational Annex

Author(s):
International Monetary Fund. Asia and Pacific Dept
Published Date:
February 2017
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