Prime Minister: Manmohan Singh
The gold airlift, liberalisation, and a floating rupee.
Rupee per dollar
₹44
−2.8% on 2004
Inflation
4.25%
+0.48 pts on 2004
GDP growth
7.92%
+0 pts on 2004
Reserves
$137,825m
+4.7% on 2004
External debt
$121,195m
−2% on 2004
Brent crude
$54.9
+41.6% on 2004
policy, not a market shock · 23 June 2005
The accompanying SEZ Rules and the 2006-07 notification wave created the decade's largest greenfield land disputes
UnconfirmedOfficial record. Source: Special Economic Zones Act 2005, text not opened in this session (India Code handle timed out)
SEZ legislation
Assent and commencement dates and the 2006 SEZ Rules notification were not verified against the Gazette in this session (the India Code handle timed out)
UnconfirmedOfficial record. Source: Government of India, Special Economic Zones Act 2005, text not opened in this session
SEZ controversy
Land acquisition, tax forgone and displacement became a national political issue; the Act's tax exemptions were contested in the 2007-08 period. Qualitative
UnconfirmedOfficial record. Source: Not sourced in this session
capital markets / depository participants
SEBI passed orders in 2006 against intermediaries for opening thousands of fictitious demat accounts used to corner IPO allotments. Amount not verified in this session
UnconfirmedOfficial record. Source: Not sourced in this session to a primary document; see Gaps
| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| ECB lenders (aggregate) | ECB approvals, FY2005-06 | 17,175 USD | 17,175 | flow | verified |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
