India: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2007/063, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; WPI inflation; kerosene price; growth; deficit; staff appraisal; staff projection; state VAT collection; U.S. dollar; Asset prices; Corporate bonds; Global (search for similar items in EconPapers)
Pages: 66
Date: 2007-02-14
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