Emerging Market Concerns: An Indian Perspective

D Subbarao

Working Papers from eSocialSciences

Abstract: From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the context of rising food price-led inflation but still weak growth; second, the possibility of another surge in capital flows, especially if we turn out to be an outlier in withdrawal of monetary stimulus; third, monetary transmission mechanism as it is evolving from the crisis period; fourth, return to fiscal consolidation and quality of fiscal adjustment; and finally, the implications of the efforts towards financial stability on financial inclusion and growth. [Remarks by Dr. D. Subbarao, Governor, Reserve Bank of India at G-30 International Banking Seminar in Istanbul on organized on the occasion of the IMF-World Bank Annual Meetings 2009].

Keywords: India; emerging markets; monetary policy; capital flows; fiscal; adjustments; reserve bank India; financial stability; inclusion; growth; food price; inflation; consolidation (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-mac
Note: Institutional Papers
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