India: Staff Report for the 2006 Article IV Consultation
February 14, 2007
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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
Pages:
66
Volume:
2007
DOI:
Issue:
063
Series:
Country Report No. 2007/063
Stock No:
1INDEA2007001
ISBN:
9781451818642
ISSN:
1934-7685
