India : Selected Issues.
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 i...
| Autor Corporativo: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Colecção: | IMF Staff Country Reports; Country Report ;
No. 2014/058 |
| Acesso em linha: | Full text available on IMF |
| Resumo: | 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. |
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| Descrição do item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrição Física: | 1 online resource (45 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Acesso: | Electronic access restricted to authorized BRAC University faculty, staff and students |