It’s Mostly Food: How to Tame Indian Inflation

2019-03-27T11:19:21-04:00March 10, 2016|

By Rahul Anand and Paul Cashin

After being low for decades, inflation in India trended higher from the mid-2000s. It reached 10–11 percent by 2008, and remained elevated at double digits for several years. Even though inflation fell by almost half in 2014, inflation expectations have remained high.

High and persistent inflation in recent years has presented serious macroeconomic challenges in India, increasing the country’s domestic and external vulnerabilities. As Reserve Bank of India Governor Raghuram Rajan pointed out at the 8th R.N. Kao Memorial Lecture in 2014, “inflation is a destructive disease … we can’t […]

Socrates & the Pope: Overheard at the IMF’s Spring Meetings

2017-04-14T02:02:22-04:00April 14, 2014|

By IMFdirect editors

Socrates’ famous method to develop his students’ intellect was to question them relentlessly in an unending search for contradictions and the truth—or at the very least, a great quote.

The method was alive and well among the moderators, panelists and audiences of the IMF’s Spring Meetings seminars that took place alongside official discussions, where boosting high-quality growth, with a focus on the medium term, was at the top of the agenda.  Our editors fanned out and found a couple of big themes kept coming up.  Here are some of the highlights.

Monetary policy 

Lots of people […]

India Can Revive Investment by Learning from Itself

2017-04-15T14:07:18-04:00June 6, 2012|

Many reasons have been put forward to explain India's investment malaise. Fortunately, India has a model of its own, as large variations in the business environment exist across the country. In short, the country can learn from itself.

India’s Slowdown May Have a Silver Lining

2017-04-15T14:07:35-04:00May 24, 2012|

India's long-run challenges have turned into short-run problems. Supply constraints, particular in power, mining and land, have become increasingly binding. As these constraints have raised costs and inflation, investor sentiment has suffered. But other measures to remove bottlenecks also matter, such as streamlining taxation and facilitating business investment via additional financial reforms.

Asia and the IMF: Toward a Deeper Engagement

2017-04-15T14:43:30-04:00November 12, 2009|

The Managing Director of the IMF, Dominique Strauss-Kahn, begins a six-day trip to Asia. First he's in Singapore attending the 16th Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting, and then goes on to China November 16-17, one of the region’s most dynamic economies.
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