"This boo is a timely look at an important Indian macroeconomic issue - inflation. High and persistent inflation has been a serious macroeconomic challenge for India, particularly in the past decade. India's high rates of inflation have been underpinned ciefly by high and persistent rates of...

EXECUTIVE SUMMARY The background papers for the 2014 Article IV explore key issues affecting the Indian economy, and implications for fiscal, monetary, structural, and financial sector policies. The first chapter uncovers the factors behind the unprecedented widening of India’s current account...