India: 2013 Article IV Consultation

International Monetary Fund

No 2013/037, IMF Staff Country Reports from International Monetary Fund

Abstract: India’s economy has slowed substantially before and after the global financial crisis. The economy is in a weaker position than before the crisis. With investment particularly hard-hit, potential GDP is likely to be lower than estimated. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality is deteriorating considerably. The current account deficit registered a record high in 2011–12. Delivering on structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery.

Keywords: ISCR; CR; deficit; headline WPI inflation; core WPI inflation; inflation expectation; CPI trend; anchor inflation expectation; U.S. dollar; inflation expectations survey; Inflation; Real interest rates; Current account deficits; Global; South Asia (search for similar items in EconPapers)
Pages: 94
Date: 2013-02-06
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Citations: View citations in EconPapers (7)

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