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India Economic Update, March 2012
- Publication Year :
- 2012
- Publisher :
- Washington, DC, 2012.
-
Abstract
- In 2011, India's economic growth has slowed to below 7 percent and the stock markets mirrored the weakening economic conditions, but recovered somewhat in early 2012. Industrial sector output growth briefly slipped into negative territory. On the demand side, fixed investment and consumption growth slowed. India's exports were growing very strongly through 2011 despite the worsening economic conditions in Europe, which continued to be India's most important export market. The balance of payments continued to be in surplus during April-September 2011, but the Reserve Bank of India (RBI) reserves declined by a small amount since then. The rupee nevertheless depreciated by 20 percent between August and December, before recovering somewhat in early 2012. Macroeconomic policies presented a mixed picture: the central government is likely to miss the ambitious target for fiscal consolidation it had set in the FY2011-12 budget by about one percent of Gross Domestic Product (GDP). Slippages are due to lower-than-expected revenues and increasing outlays on subsidies, which had been given low budgetary allocations in anticipation of strong policy changes, which failed to materialize. In India, the slowdown in GDP growth witnessed over the last two quarters is likely to extend into the coming fiscal year because of the weakness in investment. In FY2011-12 and FY2012-13, GDP growth is forecast to reach around 7-7.5 percent, a significant slowdown from the 9-10 percent growth in the run-up to the global financial crisis. The slowdown is at least partly caused by structural problems (power projects facing delays due to the lack of coal and gas feedstock, mining and the telecom sectors hit by corruption scandals, unavailability of land and infrastructure).
- Subjects :
- INVESTOR PERCEPTIONS
RESERVE REQUIREMENTS
EMERGING MARKET COUNTRIES
REAL INCOME
TAX EXEMPTIONS
TOTAL DEBT
PRIVATE INVESTMENT
FOREIGN EXCHANGE RESERVES
CAPITAL ACCOUNT TRANSACTIONS
INFLATION
EXTERNALITIES
EMERGING MARKET
FISCAL DEFICIT
TROUGH
GOVERNMENT INTERVENTION
BROAD MONEY
EXCHANGE CONTROLS
INVESTOR CONFIDENCE
REPO RATE
UNEMPLOYMENT
INCOME
EXPORT GROWTH
REAL INTEREST RATE
COMPETITIVENESS
RETURNS
CONSUMER PRICE INDEX
SYSTEMS ANALYSIS
CREDIT GROWTH
PER CAPITA INCOME
PRODUCTIVITY INCREASES
EQUITY INVESTMENTS
CAPITAL ACCOUNT RESTRICTIONS
WHOLESALE PRICES
CAPITAL INFLOW
TRANSPARENCY
REAL EXCHANGE RATE
EMERGING MARKETS
REPO
EMERGING ECONOMIES
BALANCE OF PAYMENTS
HOLDING
BORROWING COSTS
TOTAL COSTS
CREDIT RATINGS
FOREIGN EXCHANGE MARKETS
PURCHASING POWER
DEVALUATION
BASIS POINTS
INFRASTRUCTURE INVESTMENTS
MONETARY POLICY
DISBURSEMENT
PUBLIC SAVINGS
LIQUIDITY
FISCAL DEFICITS
INTEREST RATES
STATISTICAL ANALYSES
DOMESTIC CREDIT
PER CAPITA INCOMES
AUCTIONS
PORTFOLIO INVESTMENT
SOVEREIGN BOND
GROSS NATIONAL SAVINGS
MARKET PRICES
GDP
PORTFOLIO FLOWS
FISCAL AUTONOMY
TRADE BALANCE
BASE YEAR
PORTFOLIO
NATIONAL SAVINGS
POLITICAL ECONOMY
TAXATION
INCOME TAX
EXPORTS
WHOLESALE PRICE INDEX
DEBT ISSUES
GROSS MARGIN
OVERVALUATION
FINANCIAL CRISES
EQUITY FLOWS
REGULATORY FRAMEWORK
FINANCIAL SYSTEM
SECONDARY MARKET
EXCHANGE RATE
FOREIGN CAPITAL
ECONOMIC POLICIES
FORECASTS
INFLATION RATES
CAPITAL ACCOUNT
INVESTMENT RATE
FOREIGN EXCHANGE MARKET
DIRECT INVESTMENT
INCOME LEVEL
INTERNATIONAL MARKET
GOVERNMENT ACCOUNTS
LOAN
REAL EXCHANGE RATES
COMMODITY PRICES
TAX REVENUES
BOND ISSUANCE
BANK CREDIT
DEVELOPING COUNTRIES
SECURITIES
MARKET INTEREST RATE
REAL GDP
TRADE REGIME
MARKET FAILURES
EMERGING MARKET ECONOMIES
INCOME GROUPS
PROFIT MARGINS
FOREIGN INVESTMENT
TRADING
OPEN MARKET OPERATIONS
PROFIT MARGIN
BIDS
PRIVATE CREDITORS
PUBLIC INVESTMENT
LOCAL CURRENCY
INTERNATIONAL CAPITAL
TAX SYSTEM
TAX RATES
CAPITAL FLOWS
TAX
FOREIGN INVESTORS
ECONOMIC GROWTH
OVERHEAD COSTS
ENFORCEMENT MECHANISM
EQUITY FINANCING
BANKING SECTORS
OPEN MARKET
STOCKS
DOMESTIC MARKET
FINANCIAL SECTOR
EXCESS LIQUIDITY
CREDIT DEFAULT SWAPS
PRODUCTIVITY
INFRASTRUCTURE INVESTMENT
PUBLIC INVESTMENTS
FINANCIAL CRISIS
INFLATION RATE
GOVERNMENT BONDS
LONG-TERM CAPITAL
ENABLING ENVIRONMENT
LEVEL OF INFLATION
RESERVES
SETTLEMENT
TAX COLLECTION
PRIME LENDING RATE
LIVING STANDARDS
INVENTORIES
GOVERNMENT BANK
CONSUMER DURABLES
GROWTH PROJECTIONS
PORTFOLIO INVESTMENTS
EXPORTERS
TRADE DEFICIT
WAGES
CAPITAL GAINS
SURPLUS LABOR
LEVIES
SHORT-TERM CAPITAL
COMPLIANCE GAPS
REAL INTEREST
GDP PER CAPITA
DEBT
DISINFLATION
ECONOMIC EXPANSION
TREASURIES
COMMODITY PRICE
POLITICAL ECONOMY OF REFORM
ECONOMIC DEVELOPMENT
CENTRAL BANK
RETURN
AGRICULTURE
M1
M3
CDS
INSURANCE PREMIUM
DEFICITS
MONEY SUPPLY
FOREIGN EXCHANGE
EQUITY INVESTMENT
ACCOUNTING
COMMERCIAL BANK
CREDIT DEFAULT
GLOBAL TRADE
AGGREGATE DEMAND
REMITTANCES
BENCHMARK
REAL INTEREST RATES
GOVERNMENT FINANCES
OIL PRICES
RESERVE
HUMAN CAPITAL
INSURANCE
TURNOVER
SAVINGS RATE
CENTRAL BANK BILLS
ECONOMIC DEVELOPMENTS
BANK LOANS
GOVERNMENT BOND
DOLLAR PRICES
GOVERNMENT REVENUE
CORPORATE SAVINGS
GROWTH RATE
COMMERCIAL BANKS
INDEX NUMBERS
EQUITY MARKETS
INFLATIONARY EXPECTATIONS
FISCAL POLICIES
GOVERNMENT BOND YIELDS
OIL PRICE
PUBLIC STOCKS
BALANCE OF PAYMENTS CRISIS
GOVERNMENT DEFICIT
CAPITAL SHARE
FIXED INVESTMENT
HOUSEHOLD SAVINGS
INFLATION INDICES
LEVY
PRODUCTION FUNCTION
INVESTMENT PORTFOLIO
CAPITAL INFLOWS
UNDERVALUATION
CONSUMER GOODS
CURRENT ACCOUNT DEFICIT
ECONOMIC RESEARCH
FOREIGN CURRENCY
LEVEL PLAYING FIELD
EXPENDITURE
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.od......2456..f24616526e2ab3a83d4bae1f0e7ccfba