“Macroeconomic risks revolve around inflationary pressure stemming from increasing commodity prices, which could weigh on the current account and fiscal deficit,” it said.
“Inefficiencies remain in the public sector, with India’s poor still lacking healthcare coverage, educational attainment, and access to financial services. Further, inequality in India remains high,” the White House report said.
The report also noted the countries that export to China and the advanced economies have suffered due to the slowdown in those important markets, the report added.
