India: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 056

Publication date: February 2006

ISBN: 9781451818635

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Taxation - General , 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

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

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.