India : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Asia and Pacific Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2014/058

IMF Staff Country Reports

Language:

English

Subjects (All):

Competition--India.

Competition.

Finance--India.

Finance.

Foreign exchange rates--India.

Foreign exchange rates.

Monetary policy--India.

Monetary policy.

Physical Description:

1 online resource (46 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

Summary:

This Selected Issues paper uncovers the factors behind the unprecedented widening of India’s current account deficit in terms of the sectoral savings-investment balance. The unprecedented widening of India’s current account deficit in recent years is a symptom of underlying macroeconomic imbalances and structural weaknesses. Persistently high inflation has depressed real returns, prompting a surge in gold imports and a marked deterioration in household financial savings and the savings-investment balance. In turn, improvement in the public sector’s savings-investment balance was achieved through capital spending cuts, as subsidies remained high and fuel price adjustments lagged. Further efforts to increase financial savings would help reduce the current account deficit sustainably and boost growth.

Contents:

Cover; CONTENTS; INDIA'S CURRENT ACCOUNT DEFICIT FROM THE SAVINGS-INVESTMENT PERSPECTIVE; References; SPILLOVER ANALYSIS: INDIA; FIGURES; 1. Responses of Output to a Negative GDP Shock in China; 2. Responses of Output to a Negative GDP Shock in the United States; 3. Responses of Output to a Negative GDP Shock in Euro Area; 4. Responses of Output to a Negative GDP Shock in India; 5. Responses of Indian Variables to a Long-Term Interest Rate Shock in the U.S.; 6. Impact of Oil-Supply Shocks on India; 7. Impact of Oil-Demand Shocks on India; 8. Crude Oil Consumption by Region; References

INFLATION DYNAMICS AND MONETARY POLICY IN INDIAReferences; INDIA: DEFINING AND EXPLAINING INCLUSIVE GROWTH AND POVERTY REDUCTION; TABLES; 1. Evolution of Poverty; FIGURES; 1. Ratio of Urban to Rural Real Consumption; 2. Real NSDP Per Capita: Ratio of Richest to Poorest States; 3. Comparison of Growth and Inequality Contributions to Poverty Reduction Between Rural and Urban Households; 4. Comparison of Growth Incidence Curves Between Rural and Urban Households; 2. Regression Analysis of Growth Inclusiveness: State-Level, Urban and Rural Households; 3. Regression Analysis of Poverty Reduction

ReferencesINDIA'S CORPORATE SECTOR: HEALTH AND VULNERABILITIES; References; INDIA'S INVESTMENT SLOWDOWN: THE ROLE OF CONFIDENCE AND UNCERTAINTY; TABLES; 1. Regression Analysis of New Investments; 2. Regression Analysis of Stalled Investments; References; MACROECONOMIC EFFECTS OF LABOR AND PRODUCT MARKET DEREGULATION IN INDIA; TABLES; 1. Product Market Regulation in India: An International Comparison; FIGURES; 1. Informality in India; 2. Long-Run Effects of Labor Market Deregulation; 3. Long-Run Effects of Product Market Reforms; References

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on online resource; title from PDF cover (ebrary, viewed March 31, 2014).

ISBN:

9781484309407

1484309405

9781475532838

1475532830

9781475533224

1475533225

OCLC:

874322895