IMF Staff Country Reports

India: Staff Report for the 2004 Article IV Consultation

Publication Date:

March 10, 2005

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that India is on track for another year of robust growth in 2004/05. Supported by a strong monsoon, growth rebounded to 8½ percent in 2003/04, the highest level in more than a decade. In 2005, firms appear to have embarked on a new investment cycle, underpinned by strong credit growth. Inflation has been running higher, driven largely by supply-side factors. The balance of payments position remains comfortable notwithstanding the higher oil prices.

Series:

Country Report No. 2005/086

Subject:

External debt Inflation Oil prices Prices Public debt Revenue administration