June 2005
Asia Monitor: South Asia Monitor;Jun2005, Vol. 11 Issue 6, p3
Country Report
Country Report
The article presents data on economic indicators of India, which include real gross domestic product (GDP), industrial output, fiscal balance, consumer prices, merchandise exports, merchandise imports, trade balance, bank rate and foreign reserves. Higher interest rates will weigh down on industry during the year ending March 31, 2006, but real GDP growth will strengthen to 7.3% from 2004's estimated expansion of 6.9%. During 2004/05, Indian factories had their busiest year since 1995/96 as industrial output expanded by 8.1%. Output of consumer goods expanded a double-digit 11.3%. But industry is set to slow in 2005/06, as higher borrowing costs depress consumer demand for goods and services.


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