OECD Economic Outlook, Volume 2007 Issue 1
Hide / Show Abstract

OECD Economic Outlook, Volume 2007 Issue 1

This issue of OECD's twice-yearly OECD Economic Outlook provides analysis of recent economic developments and economic projections for OECD and major non-OECD countries through the end of 2008. Its comprehensive statistical annex is a useful reference tool for international economic comparisons. Two special reports are included: one covers the effects of globalisation and how to maximise its benefits and minimise its adjustment costs. The second covers fiscal consolidation.
Click to Access: 
    http://oecd.metastore.ingenta.com/content/1207021e.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-outlook-volume-2007-issue-1_eco_outlook-v2007-1-en
  • READ
 
Chapter
 

India You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/1207021ec037.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-outlook-volume-2007-issue-1/india_eco_outlook-v2007-1-37-en
  • READ
Author(s):
OECD

Hide / Show Abstract

Recent rapid economic growth is expected to continue and be close to 9% in fiscal year 2006, despite a poor performance from the agricultural sector. Investment has been particularly buoyant during this expansion, contributing to a substantial increase in the economy’s potential growth rate. Monetary and fiscal policies have both become tighter, which will lead to slower growth in the non-agricultural sector. A return to a normal harvest, however, should limit the extent of the slowdown in the whole economy. Inflation, as measured by the GDP deflator, is expected to remain stable at 5%, in line with official objectives. The current account has moved back into a deficit of 1.3% of GDP in 2006 and seems likely to reach 2.0% of GDP in fiscal year 2008.
Also available in French
 
Visit the OECD web site