India: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/086, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; WPI inflation; second quarter growth; deficit; merchandise import; staff appraisal; central government deficit; Inflation; Oil prices; Asia and Pacific (search for similar items in EconPapers)
Pages: 61
Date: 2005-03-10
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