IMF Staff Country Reports

India: Staff Report for the 2006 Article IV Consultation

Publication Date:

February 14, 2007

Electronic Access:

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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.

Series:

Country Report No. 2007/063

Subject:

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