01732cas a2200253 a 4500 AALejournalIMF014358 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484360675 1018-5941 BD-DhAAL BD-DhAAL Kapur, Muneesh. India's Recent Macroeconomic Performance : An Assessment and Way Forward / Muneesh Kapur, Rakesh Mohan. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (66 pages) IMF Working Papers <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 The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in international financial markets during mid-2013. Appropriate domestic oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate and current account deficit. Mode of access: Internet Mohan, Rakesh. IMF Working Papers; Working Paper ; No. 2014/068 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/068/001.2014.issue-068-en.xml IMF e-Library