India Economic Update, June 2011

dc.creatorWorld Bank
dc.date2017-06-16T16:35:12Z
dc.date2017-06-16T16:35:12Z
dc.date2011-06
dc.date.accessioned2026-07-01T01:01:35Z
dc.descriptionIn fiscal year 2010-11, India's economy has expanded at a rate close to that observed prior to the global financial crisis. However, growth in the second half of the year slowed, and the performance of industry and investment has been particularly disappointing. Despite some fiscal consolidation and monetary tightening, inflation has emerged as a serious concern because of its effects on the poor, who are usually less able to protect themselves against rising prices, and because of its dampening effects on long-term investment, which is sensitive to interest rate expectations. India's economic growth reached 8.5 percent, helped by a strong rebound of the agriculture sector because of good rains in the 2010 monsoon season against the near-drought conditions of 2009. On the external side, exports staged an extraordinary recovery and the current account deficit narrowed, while capital flows slowed driven by a pronounced decline in foreign direct investment. Foreign institutional investment remained robust, however, and external borrowing increased to compensate partially for the decline in Foreign Direct Investment (FDI). The rupee remained stable against the U.S. dollar but showed a small real appreciation against a 36-currency trade weighted index, and Reserve Bank of India foreign reserves increased to more than $310 billion. The central government budget deficit for FY2010-11 is estimated to have reached 6 percent of Gross Domestic Product (GDP), an important contraction from the widened fiscal stance of FY2009-10. Budget implementation benefited from higher-than-expected growth in nominal GDP and related higher tax intake; although the tax-to-GDP ratio is still significantly lower than in FY2007-08. The spending-to-GDP ratio, on the other hand, was reduced by 0.7 percent of GDP despite two supplementary demands for grants.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/120621468258294230/India-economic-update
dc.identifierhttps://hdl.handle.net/10986/27245
dc.identifierhttps://doi.org/10.1596/27245
dc.identifier.urihttp://hdl.handle.net/123456789/414378
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectADMINISTERED PRICES
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE EFFECTS
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectAUCTION
dc.subjectAUCTIONS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK ACCOUNTS
dc.subjectBANK CREDIT
dc.subjectBASE YEAR
dc.subjectBILL
dc.subjectBONDS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL BASES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOW
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCEREAL PRICES
dc.subjectCHECKS
dc.subjectCOMMERCE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONSUMER PRICES
dc.subjectCONSUMERS
dc.subjectCONSUMPTION GROWTH
dc.subjectCORE INFLATION
dc.subjectCREDIT GROWTH
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCUSTOMS DUTIES
dc.subjectDAMAGES
dc.subjectDEBT BURDEN
dc.subjectDEBT ISSUES
dc.subjectDEFICITS
dc.subjectDEMAND GROWTH
dc.subjectDEPRECIATION
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT POLICIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDISTORTIONS
dc.subjectDOLLAR PRICES
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC MARKET
dc.subjectDOUBLE TAXATION
dc.subjectDURABLES
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RESEARCH
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRIES
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENERGY PRICES
dc.subjectEQUIPMENT
dc.subjectEQUITY MARKET
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL COMMERCIAL BORROWING
dc.subjectEXTERNAL COMMERCIAL BORROWINGS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICIES
dc.subjectFIXED CAPITAL
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN RESERVES
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL SYSTEM
dc.subjectGLOBAL LIQUIDITY
dc.subjectGOLD
dc.subjectGOVERNMENT BANK
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET DEFICIT
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT FINANCES
dc.subjectGROSS NATIONAL SAVINGS
dc.subjectGROWTH RATE
dc.subjectHEDGE FUNDS
dc.subjectHIGH INFLATION
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFLATION RISKS
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIAL
dc.subjectINTEREST RATE EXPECTATIONS
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNATIONAL PRICES
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR PERCEPTIONS
dc.subjectLEVEL OF INFLATION
dc.subjectLIBERALIZATION
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM INVESTMENT
dc.subjectM1
dc.subjectM2
dc.subjectM3
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMAJOR CURRENCIES
dc.subjectMARKET FORCES
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET PENETRATION
dc.subjectMARKET PRICES
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMARKET STABILIZATION
dc.subjectMARKETING
dc.subjectMERCHANDISE
dc.subjectMERCHANDISE EXPORTS
dc.subjectMERCHANDISE TRADE
dc.subjectMERGERS
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY POLICY
dc.subjectMONETARY POLICY DECISIONS
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL SAVINGS
dc.subjectOIL PRICES
dc.subjectPEGS
dc.subjectPETROLEUM PRICES
dc.subjectPOLICY CREDIBILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INFLOWS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPRICE INCREASES
dc.subjectPRICE WARS
dc.subjectPRICING POLICY
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPROFIT MARGINS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC SPENDING
dc.subjectRATE OF INFLATION
dc.subjectREAL APPRECIATION
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREMITTANCES
dc.subjectREPO
dc.subjectREPO RATE
dc.subjectREPO RATES
dc.subjectRESERVE
dc.subjectRESERVE BANK
dc.subjectRESERVES
dc.subjectRETAIL
dc.subjectRETAIL PRICES
dc.subjectRETAIL TRADE
dc.subjectRETAILING
dc.subjectRETURN
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSALE
dc.subjectSALES
dc.subjectSHORT-TERM CAPITAL
dc.subjectSHORT-TERM DEBT
dc.subjectSHORT-TERM EXTERNAL DEBT
dc.subjectSLOWDOWN
dc.subjectSPREAD
dc.subjectSTOCKS
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CONDITIONS
dc.subjectSUPPLY DISRUPTIONS
dc.subjectSUPPLY RESPONSE
dc.subjectSUPPLY SHOCKS
dc.subjectSURPLUS
dc.subjectSURPLUSES
dc.subjectTAX
dc.subjectTAX COLLECTIONS
dc.subjectTAX RULES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL DEBT
dc.subjectTOTAL EXPORTS
dc.subjectTOTAL EXTERNAL DEBT
dc.subjectTOTAL IMPORTS
dc.subjectTOTAL REVENUE
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE DEFICITS
dc.subjectTRADE RESTRICTIONS
dc.subjectTRADING
dc.subjectTREATY
dc.subjectUNCERTAINTY
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWEAK DEMAND
dc.subjectWHOLESALE PRICE
dc.subjectWHOLESALE PRICE INDEX
dc.subjectWITHDRAWAL
dc.subjectWORKING CAPITAL
dc.subjectWTO
dc.titleIndia Economic Update, June 2011
dc.typeReport
dc.typeRapport
dc.typeInforme

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