01897cas a2200241 a 4500 AALejournalIMF014241 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484308257 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. India : Staff Report for 2014 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (95 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2014 Article IV consultation highlights an expected slowdown of growth in India, to 4.6 percent this fiscal year, the lowest in a decade, reflecting global developments and domestic supply constraints. Headline consumer price index inflation is expected to remain near double digits for the remainder of the fiscal year. The current account deficit is narrowing, driven by a significant improvement in exports, robust remittance flows, and a rapid decline in gold imports. Nonetheless, India has very little room to adopt countercyclical policies. It is constrained by persistently high inflation and sizable fiscal and external imbalances. High and persistent inflation is a key macroeconomic challenge facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/057 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/057/002.2014.issue-057-en.xml IMF e-Library