India’s Recent Macroeconomic Performance An Assessment and Way Forward

The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in int...

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Bibliographic Details
Main Author: Kapur, Muneesh
Other Authors: Mohan, Rakesh
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a India 
653 |a Interest rates 
653 |a Treasury Policy 
653 |a Inflation 
653 |a Comparative or Joint Analysis of Fiscal and Monetary Policy 
653 |a Finance 
653 |a Stabilization 
653 |a Public finance & taxation 
653 |a Government debt management 
653 |a Financial services 
653 |a Deflation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Debt 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Deposit rates 
653 |a Sovereign Debt 
653 |a Price Level 
653 |a International trade 
653 |a Exports 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Empirical Studies of Trade 
653 |a Macroeconomic Aspects of International Trade and Finance: General 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Imports 
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520 |a The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in international financial markets during mid-2013. Appropriate domestic oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate and current account deficit