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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2021. "India: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India," IMF Staff Country Reports 2021/230, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/230
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