India S Recent Macroeconomic Performance: An Assessment and Way Forward Muneesh Kapur

ISBN: 9781306848466

Published: June 6th 2014

ebook

67 pages


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India S Recent Macroeconomic Performance: An Assessment and Way Forward  by  Muneesh Kapur

India S Recent Macroeconomic Performance: An Assessment and Way Forward by Muneesh Kapur
June 6th 2014 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, ZIP | 67 pages | ISBN: 9781306848466 | 8.42 Mb

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 byMoreThe 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.



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