India Development Update, October 2014

Growth rebounded significantly due to strong industrial recovery aided by growth in investment and exports. Capital flows are back, signaling growing investor confidence, as inflation has moderated from double digits, exchange rate has stabilized, and financial sector stress has plateaued. Monetary policy continuity has been maintained and there has been some progress on fiscal consolidation. With the economy still below potential and reform momentum picking up, growth is expected to strengthen over the medium-term. Inflation is expected to decline with monetary policy switching to inflation targeting while the current account deficit is expected to widen somewhat as import demand and capital inflows rise. Fiscal consolidation is expected to continue through stronger revenue mobilization. Downside domestic risks can be offset through accelerated structural reforms.

Bibliographic Details

Main Author:	World Bank Group
Language:	English en_US
Published:	Washington, DC 2014-10
Subjects:	ACCESS TO BANK, ACCOUNTING, ACCOUNTING STANDARDS, AIR, AIRPORTS, ASSET QUALITY, ASSET RECONSTRUCTION, AUCTION, BALANCE OF PAYMENTS, BALANCE SHEET, BALANCE SHEETS, BANK ACCOUNTS, BANK CREDIT, BANK PROFITABILITY, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SYSTEM, BASIS POINTS, BENCHMARK STOCK, BOND, BOND ISSUANCES, BOND MARKETS, BORROWING COSTS, BOTTLENECKS, BOURSES, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL OUTLAY, CASH MANAGEMENT, CASH RESERVE, CASH RESERVE RATIO, CENTRAL BANK, CHECKS, COLLECTIVE INVESTMENT, COMMERCIAL BANKS, COMMODITY PRICES, COMPLIANCE COSTS, CONSUMER DURABLES, CONSUMER GOODS, CONSUMER PRICE INDEX, CORPORATE BONDS, CORPORATE DEBT, COUPONS, CREDIT GROWTH, CROSSING, CURRENCY, CURRENT ACCOUNT DEFICIT, DEBT INSTRUMENTS, DEBT MARKET, DEBT OBLIGATION, DEBT RESTRUCTURING, DEFAULTER, DEFAULTERS, DEFAULTS, DEPOSITS, DEVELOPING COUNTRIES, DIESEL, DOMESTIC MARKET, DRIVERS, DURABLES, ECONOMIC DEVELOPMENTS, EMERGING ECONOMIES, EMERGING MARKET, EMERGING MARKETS, EQUIPMENT, EQUITY MARKETS, EXCHANGE BOARD, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPORT COMPETITIVENESS, EXPORT GROWTH, EXPORTERS, EXTERNAL DEBT, FEDERAL RESERVE, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL STABILITY, FINANCIAL SYSTEM, FISCAL DEFICIT, FISCAL DISCIPLINE, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE RESERVES, FOREIGN INVESTMENT, FOREIGN PORTFOLIO INVESTORS, FREIGHT, FUEL, FUEL PRICE, FUEL PRICES, FUEL SUBSIDIES, GLOBAL MARKET, GLOBAL TRADE, GOVERNMENT BOND, GOVERNMENT BOND YIELDS, GOVERNMENT BONDS, GOVERNMENT DEBT, GOVERNMENT DEFICIT, GOVERNMENT INTERVENTION, GOVERNMENT POLICY, GOVERNMENT SECURITIES, HIGH-SPEED TRAINS, HOLDING, IMPORT COSTS, INCOME GROWTH, INFLATION, INFLATION RATE, INFLATIONARY PRESSURES, INFORMATION TECHNOLOGY, INFRASTRUCTURE BONDS, INFRASTRUCTURE FINANCE, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INLAND WATERWAYS, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INTEREST EXPENSE, INTEREST RATE, INTEREST RATE DIFFERENTIAL, INTEREST RATES, INTERNATIONAL BANK, INVENTORIES, INVENTORY, INVESTMENT PROJECTS, INVESTMENT REQUIREMENTS, INVESTOR BASE, INVESTOR CONFIDENCE, ISSUANCES, LEGAL FRAMEWORK, LEVEL PLAYING FIELD, LIABILITY, LIQUIDITY, LIQUIDITY MANAGEMENT, LIQUIDITY RATIO, LOAN, MACROECONOMIC ENVIRONMENT, MARKET CAPITALIZATION, MARKET CONDITIONS, MARKET DISTORTIONS, MARKET INTEGRATION, MARKET PRICES, MARKET REGULATOR, MARKET STRUCTURE, MATURITY, MICRO INSURANCE, MONETARY POLICY, MORAL HAZARD, MUTUAL FUNDS, NEGATIVE SHOCK, OIL PRICES, OPEN MARKET, OVERDRAFT FACILITY, OVERNIGHT REPO, PAYMENT SYSTEMS, PENSION, PENSION FUNDS, PENSIONS, PETROLEUM PRODUCTS, POLLUTION, PORTFOLIO, PORTFOLIO FLOWS, PORTFOLIO INVESTMENTS, PRICE OF DIESEL, PRIORITY SECTOR LENDING, PRIVATE BANKS, PRIVATE PLACEMENTS, PRIVATE SECTOR BANKS, PUBLIC DEBT, PUBLIC INVESTMENT, PUBLIC SECTOR BANKS, PUBLIC SPENDING, RAILWAY, RAILWAYS, REAL ESTATE INVESTMENT, REAL INTEREST, REAL INTEREST RATE, REAL INTEREST RATES, REGULATORY AUTHORITIES, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REMITTANCES, REPO, REPO RATE, RESERVE, RESERVE BANK, RESERVE REQUIREMENTS, RESERVES, RESETTLEMENT, RETAIL INVESTORS, RETURN, RETURN ON ASSETS, ROAD, ROADS, ROLLING STOCK, SAFETY, SANITATION, SECURITIES, SECURITIES LAW, SECURITY INTEREST, SHAREHOLDER, SHORT-TERM DEPOSITS, SMALL BUSINESSES, SOVEREIGN DEBT, SPOT MARKET, STATUTORY LIQUIDITY, STOCK EXCHANGE, STOCK MARKET, STOCK MARKETS, STOCKS, STRATEGIC INVESTORS, SWAP, SWAPS, TAX, TAX COLLECTION, TAX REVENUE, TELECOMMUNICATIONS, TERM DEPOSITS, TOLLS, TRADE BALANCE, TRADING, TRANSACTION, TRANSIT, TRANSPARENCY, TRANSPORT, TRANSPORT EQUIPMENT, TRANSPORTATION, TRUCKS, VEHICLES, WAREHOUSE, WEALTH,
Online Access:	http://documents.worldbank.org/curated/en/2014/10/20320065/india-development-update-india-development-update https://hdl.handle.net/10986/20794
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