India's Economy Is Elephant That's Starting to Run, IMF's Ranil Salgado Says

The video discusses India's economic growth, likened to a running elephant, driven by macroeconomic stability and structural reforms. It covers the impact of demonetization and GST, the role of monetary policy in controlling inflation, and the risks of fiscal deficit due to government spending. The influence of higher oil prices and global economic factors, such as US monetary policy and trade issues, on India's economy is also analyzed.

What are the two transitory shocks that the Indian economy faced in the last 24 months?

• Interest rate hikes and fiscal deficit

• Trade wars and currency wars

• Inflation and currency devaluation

• Demonetization and Goods and Services Tax implementation

What is the target inflation rate that the Reserve Bank of India aims to achieve over the medium term?

• 3%

• 4%

• 5%

• 6%

What is the main focus of the Reserve Bank of India's monetary policy framework?

• Maintaining macroeconomic stability

• Increasing interest rates rapidly

• Reducing government spending

• Increasing currency value

What is the Indian government's deficit target amidst fiscal discipline efforts?

• 2.5%

• 3.0%

• 3.3%

• 4.0%

What is the potential impact of upcoming federal elections on India's fiscal policy?

• Increased fiscal discipline

• Widening of the fiscal deficit

• No impact on fiscal policy

• Reduction in government spending

How do higher oil prices affect the Indian economy?

• They reduce inflation and increase growth

• They increase inflation and reduce growth

• They have no impact on inflation or growth

• They only affect the rural sector

What concern does the Reserve Bank of India have regarding the Federal Reserve's actions?

• The Federal Reserve's balance sheet reduction

• The Federal Reserve's interest rate cuts

• The Federal Reserve's trade policies

• The Federal Reserve's currency devaluation