India: Staff Report for the 2004 Article IV Consultation
March 10, 2005
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: External debt, Inflation, Oil prices, Prices, Public debt, Revenue administration
Keywords: Asia and Pacific, central government deficit, CR, deficit, Inflation, ISCR, merchandise import, Oil prices, second quarter growth, staff appraisal, WPI inflation
Pages:
61
Volume:
2005
DOI:
Issue:
086
Series:
Country Report No. 2005/086
Stock No:
1INDEA2005001
ISBN:
9781451977578
ISSN:
1934-7685
