India: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2006/055, IMF Staff Country Reports from International Monetary Fund

Abstract: India’s 2005 Article IV Consultation reports that the government’s medium-term fiscal strategy is broadly appropriate, and faster implementation is crucial for its economy. India’s growth spurt provides a golden opportunity to fast-forward the government’s structural reform agenda. The government is rightly focused on improving the infrastructure, opening and liberalizing further the Indian economy, and alleviating poverty. Steps to improve the business climate and regulatory environment, and reform of restrictive labor laws could have large payoffs in terms of foreign investment and job creation.

Keywords: ISCR; CR; GDP; import growth; rate; market rate; rate increase; widening current account deficit; U.S. dollar; Oil prices; Credit; Foreign banks; Commercial banks; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 68
Date: 2006-02-21
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