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India: Selected Issues
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 055
Language:
English
Publication Date:
22 Feb 2017
DOI:
https://doi.org/10.5089/9781475579819.002
ISBN:
9781475579819
ISSN:
1934-7685
Pages:
92
Keywords:
ISCR; CR; Center; India; product market; income; labor market rigidity; product market regulation; debt intolerance; UBI scheme; intolerance approach; fuel tax reform; Personal income; Labor markets; Income inequality; Global; Africa; Asia and Pacific
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This Selected Issues paper evaluates corporate and banking sector vulnerabilities in India. The analysis shows that while corporate sector risks have subsided, debt repayment capacity remains strained, and high leverage continues to weigh on corporate resilience, which may pose further risks to banks’ asset quality. Public sector banks have stepped up recognition of nonperforming assets, but their debt recovery capacity remains weak. Simulations suggest that potential recapitalization needs, at current provisioning levels, should have a modest fiscal impact.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund