India : Staff Report for the 2004 Article IV Consultation

1INDEA2005001 Image
Price:  $15.00

Release Date: © March, 2005
ISBN : 978-1-45197-757-8
Stock #: 1INDEA2005001
Stock Status: On back-order

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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.

More publications in this series: IMF Staff Country Reports