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click here to return to main page of Annual Policy Statement for the Year 2005-06



Highlights of Annual Policy Statement for the Year 2005-06

Global Developments

Though world economy is projected to slow to 4.3 per cent in 2005, expansion is above trend.

Oil price appears to have larger permanent component.

Risk to growth arises from current account and fiscal imbalances necessitating exchange rate adjustment.

The global financial system is stable but risks have increased.


Go Back To Highlights of Annual Policy Statement 2005-06




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