IMF Staff Country Reports

India: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India

Publication Date:

October 15, 2021

Electronic Access:

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Summary:

The ongoing COVID-19 pandemic has created a prolonged health crisis. Economic activity was slowing prior to the pandemic. Two COVID-19 waves have resulted in a deep and broad-based economic downturn with the potential for a longer lasting impact. The authorities have responded with fiscal policy, including scaled-up support to vulnerable groups, monetary policy easing and liquidity provision, and accommodative financial sector and regulatory policies. Despite the pandemic, the authorities have continued to implement structural reforms.

Series:

Country Report No. 2021/230

Subject:

COVID-19 Expenditure Government debt management Health International organization Monetary policy Public debt Public financial management (PFM) Revenue administration

Frequency:

regular