India: Structural weaknesses highlighted

Growth weakens, reflecting domestic rigidities, as well as global factors. Outlook is for below-potential growth in H2 2013 and in 2014 Inflationary pressures should remain a policy concern.

Rapid INR depreciation during emerging market sell-off in mid-2013. Fiscal policy is limited by political/social considerations.

External debt stock and repayment obligations are low

India: Structural weaknesses highlighted - Report