India: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

India: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India

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Like most countries in the world, an increasingly globally integrated India will not be spared significant spillover effects from the present crisis. Its financial markets have sold off considerably and external funding for banks and corporates, which has risen in importance in recent years, has been sharply curtailed, thus jeopardizing investment and growth. The global crisis also coincides with a turning of the growth and credit cycles in India.The medium-term fiscal adjustment should be anchored in a fiscal rules framework centered on a debt target. ... The introduction of a goods and service tax will be an important milestone for strengthening the revenue collection efforts andanbsp;...


Title:India: 2008 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
Author: International Monetary Fund
Publisher:International Monetary Fund - 2009-01-01
ISBN-13:

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