India: Selected Issues

International Monetary Fund

No 2006/056, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy, although ensuring the sustainability of this growth requires broad-based fiscal and structural reforms. Higher world oil prices present risks in both the near and medium term. In the short-term, higher oil prices combined with robust domestic demand threaten to push inflation higher. Over the longer-term, permanently higher oil prices can depress growth and widen fiscal imbalances, in particular if the economy is not allowed to adjust to new price levels.

Keywords: ISCR; CR; India; price; government; liberalization; state; oil price; borrowing regime; price liberalization; government of India; credit growth; inflation differential; country authorities; Oil prices; Credit; Inflation; Oil; Loans; Global; Asia and Pacific; Africa (search for similar items in EconPapers)
Pages: 74
Date: 2006-02-21
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Citations: View citations in EconPapers (7)

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