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India Recent Economic Developments

This paper reviews economic developments in India during 1996–98. After three successive years of growth more than 7 percent, growth of slowed to an estimated 5 percent in 1997/98. The slowdown predates the Asian crisis, and its proximate causes are a decline in agricultural output and weak industri...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:IMF Staff Country Reports
Subjects:
Public-private Enterprises
Finance, Public
Nonprofit Organizations And Public Enterprise: General
International Economics
Economic Sectors
Micro Finance Institutions
Inflation
Public Ownership
Civil Service & Public Sector
International Trade
Exports And Imports
Macroeconomics
Banks
Public Enterprises
Banks And Banking
Financial Institutions
Deflation
Depository Institutions
Mortgages
Commercial Banks
Price Level
Imports
Government Business Enterprises
Prices
Banking
Trade: General
Nationalization
Public Sector
India
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews economic developments in India during 1996–98. After three successive years of growth more than 7 percent, growth of slowed to an estimated 5 percent in 1997/98. The slowdown predates the Asian crisis, and its proximate causes are a decline in agricultural output and weak industrial sales. Weaker investment appears to be a major factor behind the industrial slowdown. The balance of payments continued to improve in 1997/98, despite a widening in the current account deficit to 1½ percent of GDP.
Physical Description:97 pages
ISBN:9781451818604

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