Series: IMF Working Papers
Author(s): Renu Kohli , and Sudip Mohapatra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2007
Keywords: Tradable, nontradable, real exchange, appreciation, macroeconomic policy, relative price, per capita income, terms of trade, nontradable goods,
We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since In...