India: Staff Report for the 2006 Article IV Consultation

February 14, 2007

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India: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Summary

This 2006 Article IV Consultation highlights that India’s economy has continued to grow above trend, with an average growth of 8 percent in the last three years. Growth is broad based, with robust consumption, investment, and exports. With manufacturing expanding at more than 10 percent y/y, industry has joined services as an engine of growth. Net foreign investor inflows rebounded after the May/June 2006 stock market correction, and stock prices recovered smartly, reaching new historical highs. Real estate prices continue to grow at a rapid clip on the back of a credit boom.

Subject: Asset prices, Banking, Corporate bonds, External debt, Financial institutions, Prices, Public debt, Revenue administration, Tax incentives

Keywords: Asset prices, Corporate bonds, CR, Deficit, Global, Growth, ISCR, Kerosene price, Staff appraisal, Staff projection, State VAT collection, U.S. dollar, WPI inflation

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/063
Stock No:

1INDEA2007001
ISBN:

9781451818642
ISSN:

1934-7685

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