India: Recent Economic Developments
January 23, 1997
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This report describes recent economic developments in India. It highlights that the real GDP growth accelerated from 6¼ percent in 1994/95 to 7 percent in 1995/96, reflecting mainly the growing response in the industrial sector to the earlier reforms. Industrial production rose 12 percent during 1995/96, led by a robust expansion in manufacturing output. The strong performance in the manufacturing sector was more broadly based than in previous years, with particularly rapid growth in capital goods and consumer durables. Growth in both mining output and electricity generation also remained buoyant.
Subject: Economic sectors, Government debt management, Imports, Infrastructure, International trade, Monetary base, National accounts, Public financial management (PFM), Public sector, Tariffs, Taxes
Keywords: capital goods, consumer goods, CR, deficit, envisaged deficit reduction, Global, Government debt management, Imports, Infrastructure, ISCR, net resource, partner country inflation differential, price inflation, private sector investment, Public sector, rate, RBI credit, Tariffs, wholesale price inflation
Pages:
69
Volume:
1996
DOI:
Issue:
131
Series:
Country Report No. 1996/131
Stock No:
1INDEA0011996
ISBN:
9781451818529
ISSN:
1934-7685
