India: Staff Report for the 2004 Article IV Consultation

March 10, 2005

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India: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 29, 2024

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. 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.

Subject: 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

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/086
Stock No:

1INDEA2005001
ISBN:

9781451977578
ISSN:

1934-7685

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