IMF Staff Country Reports

India: Staff Report for the 2006 Article IV Consultation

February 14, 2007

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Format: Chicago

International Monetary Fund. "India: Staff Report for the 2006 Article IV Consultation", IMF Staff Country Reports 2007, 063 (2007), accessed June 16, 2025, https://doi.org/10.5089/9781451818642.002

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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

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