Reserve Bank of India - Annual Report 2004 - 2005

According to the Reserve Bank of India's Annual Report 2004-2005, India's macroeconomic performance in 2004-05 was heartening in the face of threats to growth from an unsatisfactory monsoon and upside risks to stability from high and volatile international crude oil prices.

The improvement in rabi production helped in shoring up kharif output losses and imparting resilience to Indian agriculture. A distinct dynamism exhibited by the manufacturing sector underpinned a strong and well-distributed

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