Selected Macroeconomic Issues India for Phase 1 IAS Officers
Invitation
Session No.: SA 24.21
Location: Mussoorie, India
Date: March 12-13, 2024
Delivery Method: In-person Training
Primary Language: English
Target Audience
Officer trainees comprising the incoming cohort of the Indian Administrative Service.
Qualifications
Successful candidates selected through the competitive Union Public Services Commission examination and assigned to the Indian Administrative Service.
Pre-requisites
Participants should have attended the macroeconomics module offered at the Foundation Course for officer trainees comprising the entry cohort into India's civil service.
Course Description
This course, presented by the IMF Institute for Capacity Development (ICD) and South Asia Regional Training and Technical Assistance Center (SARTTAC), provides perspectives on the key components of a country's economy from a macroeconomic perspective, their inter-linkages, and the role of monetary, fiscal, and debt policy in ensuring a stable macroeconomic environment, external competitiveness, and sustained, inclusive growth. The course relies on a case study of India to illustrate its current macroeconomic challenges and to demonstrate practical tools for use in day-to-day macroeconomic analysis and policymaking.
Course Objectives
Upon completion of this course, participants should have a basic understanding of the role of macroeconomic and financial policies in ensuring low inflation, debt sustainability, and supportive growth, and how each is affected by decisions made by central banks, ministries of finance, and other agencies charged with ensuring sound macroeconomic management, including in India. Participants should be able to better identify (i) external and internal imbalances in the economy affecting inflation, interest, and exchange rates; debt levels; and economic growth and (ii) the policies needed to address manage these vulnerabilities and reduce overall risks in the economy.
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