IMF paper sees lower inflation boosting Indian savings
Working paper considers policy needed to return to high growth path
A sustained reduction in inflation in India will help increase household and corporate savings – one of five key areas of policy action needed to return India to a higher growth path, according to research published by the IMF today.
The working paper, Pressing the Indian growth accelerator: policy imperatives, by Rakesh Mohan and Muneesh Kapur, seeks to "demonstrate that [a] return to a sustained high growth path is well within the realms of feasibility for India", but will require "sustained
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