Publication: India Development Update, October 2014
Date
2014-10
ISSN
Published
2014-10
Author(s)
World Bank Group
Abstract
Growth rebounded significantly due to
strong industrial recovery aided by growth in investment and
exports. Capital flows are back, signaling growing investor
confidence, as inflation has moderated from double digits,
exchange rate has stabilized, and financial sector stress
has plateaued. Monetary policy continuity has been
maintained and there has been some progress on fiscal
consolidation. With the economy still below potential and
reform momentum picking up, growth is expected to strengthen
over the medium-term. Inflation is expected to decline with
monetary policy switching to inflation targeting while the
current account deficit is expected to widen somewhat as
import demand and capital inflows rise. Fiscal consolidation
is expected to continue through stronger revenue
mobilization. Downside domestic risks can be offset through
accelerated structural reforms.
Link to Data Set
Citation
“World Bank Group. 2014. India Development Update, October 2014. © Washington, DC. http://hdl.handle.net/10986/20794 License: CC BY 3.0 IGO.”