{
  "title": "India: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 10, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/india-staff-report-for-the-2004-article-iv-consultation-18115",
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  "summary": "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.",
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    {
      "heading": "Executive summary findings",
      "content": "- India is on track for another year of robust growth in 2004/05.\n- Growth rebounded to 8½ percent in 2003/04, the highest level in more than a decade.\n- In 2005, firms appear to have embarked on a new investment cycle, underpinned by strong credit growth.\n- Inflation has been running higher, driven largely by supply-side factors.\n- The balance of payments position remains comfortable notwithstanding the higher oil prices."
    },
    {
      "heading": "Thematic subjects and keywords",
      "content": "- Subjects: External debt, Inflation, Oil prices, Prices, Public debt, Revenue administration\n- Keywords: Asia and Pacific, central government deficit, CR, deficit, Inflation, ISCR, merchandise import, Oil prices, second quarter growth, staff appraisal, WPI inflation\n\nInternational Monetary Fund. \"India: Staff Report for the 2004 Article IV Consultation\", IMF Staff Country Reports 2005, 086 (2005).\n\n---\n\n Content in this bundle\n\n- cr0586\n  - cr0586 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0586 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 10, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451977578.002",
    "India is on track for another year of robust growth in 2004/05.",
    "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.",
    "The balance of payments position remains comfortable notwithstanding the higher oil prices.",
    "Subjects: 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",
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