{
  "title": "India: Staff Report for the 2006 Article IV Consultation",
  "publication": "IMF Staff Country Reports, February 14, 2007",
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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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The 2006 Article IV Consultation finds that India’s economy has continued to grow above trend.\n- Average growth of 8 percent in the last three years.\n- Growth is broad based: robust consumption, investment, and exports.\n- Manufacturing expanding at more than 10 percent y/y; industry has joined services as an engine of growth.\n- Net foreign investor inflows rebounded after the May/June 2006 stock market correction; stock prices recovered smartly, reaching new historical highs.\n- Real estate prices continue to grow at a rapid clip on the back of a credit boom."
    },
    {
      "heading": "Economic performance and structure",
      "content": "- Aggregate growth:\n  - Average growth of 8 percent in the last three years.\n- Sectoral dynamics:\n  - Manufacturing: expanding at more than 10 percent y/y.\n  - Industry and services both acting as engines of growth.\n- Demand composition:\n  - Robust consumption, investment, and exports driving expansion."
    },
    {
      "heading": "Financial markets and asset prices",
      "content": "- Capital flows and equity markets:\n  - Net foreign investor inflows rebounded after the May/June 2006 stock market correction.\n  - Stock prices recovered smartly, reaching new historical highs.\n- Real estate and credit:\n  - Real estate prices continue to grow rapidly, fueled by a credit boom."
    },
    {
      "heading": "Policy-relevant subjects highlighted",
      "content": "- Asset prices\n- Banking\n- Corporate bonds\n- External debt\n- Financial institutions\n- Prices\n- Public debt\n- Revenue administration\n- Tax incentives"
    },
    {
      "heading": "Publication and identification",
      "content": "- Date: February 14, 2007\n- Pages: 66\n- Volume: 2007\n- Issue: 063\n- Series: Country Report No. 2007/063\n- DOI: https://doi.org/10.5089/9781451818642.002\n- Stock No: 1INDEA2007001\n- ISBN: 9781451818642\n- ISSN: 1934-7685\n\nInternational Monetary Fund. \"India: Staff Report for the 2006 Article IV Consultation\", IMF Staff Country Reports 2007, 063 (2007).\n\n---\n\n Content in this bundle\n\n- cr0763 — Executive Summary\n  - cr0763 — Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0763 — Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 14, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451818642.002",
    "The 2006 Article IV Consultation finds that India’s economy has continued to grow above trend.",
    "Average growth of 8 percent in the last three years.",
    "Growth is broad based: robust consumption, investment, and exports.",
    "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; 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.",
    "Aggregate growth:",
    "Sectoral dynamics:",
    "Demand composition:",
    "Capital flows and equity markets:",
    "Real estate and credit:",
    "Date: February 14, 2007",
    "Pages: 66",
    "Volume: 2007",
    "Issue: 063",
    "Series: Country Report No. 2007/063",
    "DOI: https://doi.org/10.5089/9781451818642.002",
    "Stock No: 1INDEA2007001",
    "ISBN: 9781451818642",
    "ISSN: 1934-7685",
    "**_cr0763 — Executive Summary**"
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