Publication:
India Development Update, October 2013

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-28T16:29:20Z
dc.date.available2014-01-28T16:29:20Z
dc.date.issued2013-10
dc.description.abstractAlthough the recent market turmoil has been driven primarily by external factors, it has magnified India's macroeconomic vulnerabilities. India was just one of a large number of emerging market economies whose currency and capital account were adversely affected by a large outflow of portfolio investment this summer. The current downturn presents an opportunity to push ahead with critical reforms. The current situation is unlikely to place an insurmountable stress on the economy, but it does offer an opportunity for measures to strengthen the business environment, attract more Foreign Direct Investment (FDI), and increase productivity. The rupee depreciated sharply in May-August 2013, mainly caused by market fears of an early end to the Federal Reserve's stimulus program. As global investors shifted funds into US treasuries, the May-August fall in the rupee closely mirrored movements in other emerging market currencies and US T-bonds. The current account deficit moderated and exports performance improved. After reaching a record high of 6.5 percent of Gross Domestic Product (GDP) in the third quarter FY2013, the current account deficit improved to 3.6 percent of GDP in the fourth quarter. The decline in poverty has accelerated, but vulnerability remains high. Between 2005 and 2012, India lifted 137 million people out of poverty and reduced the poverty headcount (at the national poverty line) to 22 percent of the population. The depreciation in the rupee is unlikely to have major adverse effects and provides an opportunity to accelerate growth through further progress on the reform agenda. Financing of the gap is expected to come in roughly equal parts from FDI and institutional flows in FY2014, with a growing contribution from FDI in FY2015.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/10/18403359/india-development-update
dc.identifier.doi10.1596/16642
dc.identifier.urihttps://hdl.handle.net/10986/16642
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectASSET QUALITY
dc.subjectAUCTIONS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEET
dc.subjectBANK ACCOUNTS
dc.subjectBANK BALANCE SHEET
dc.subjectBANK BRANCHES
dc.subjectBANK CREDITS
dc.subjectBANKING ASSETS
dc.subjectBANKING LAWS
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR REFORM
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBASIS POINTS
dc.subjectBENEFICIARIES
dc.subjectBORROWING COSTS
dc.subjectBUDGET DEFICIT
dc.subjectBUSINESS CONFIDENCE
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITALIZATION
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPLIANCE COSTS
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION BASKET
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCORE INFLATION
dc.subjectCORPORATE DEBT
dc.subjectCOUPONS
dc.subjectCREDIT GROWTH
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT BURDEN
dc.subjectDEBT LEVEL
dc.subjectDEBT LEVELS
dc.subjectDEBT MARKETS
dc.subjectDEBT RATIO
dc.subjectDEBT SERVICING
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDERIVATIVE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET CURRENCIES
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORTERS
dc.subjectEXTERNAL BORROWINGS
dc.subjectEXTERNAL COMMERCIAL BORROWING
dc.subjectEXTERNAL COMMERCIAL BORROWINGS
dc.subjectEXTERNAL COMPETITIVENESS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FACTORS
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTERNAL SHORT-TERM DEBT
dc.subjectFEDERAL RESERVE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STRESS
dc.subjectFINANCING REQUIREMENTS
dc.subjectFISCAL BALANCES
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN FINANCING
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFUND MANAGERS
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT DEFICITS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT SECURITY
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectHOUSEHOLD SAVINGS
dc.subjectIMMOVABLE PROPERTY
dc.subjectIMPORTS
dc.subjectINCOME GROWTH
dc.subjectINFLATION
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSURANCE
dc.subjectINTEREST INCOME
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT REQUIREMENTS
dc.subjectINVESTOR CONFIDENCE
dc.subjectISSUANCE
dc.subjectLABOR MARKET
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL RIGHT
dc.subjectLENDER
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIQUIDATION
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARK-TO-MARKET
dc.subjectMARKET CONDITIONS
dc.subjectMARKET INTEGRATION
dc.subjectMARKET PRICES
dc.subjectMATURITY
dc.subjectMONETARY POLICY
dc.subjectNON-PERFORMING LOANS
dc.subjectOIL PRICES
dc.subjectOUTPUT GAP
dc.subjectPAYMENT SYSTEM
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION SYSTEM
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO FLOWS
dc.subjectPORTFOLIO INFLOWS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE CHANGES
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE INVESTMENT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC SECTOR BANKS
dc.subjectPUBLIC SPENDING
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREAL PROPERTY
dc.subjectREGULATORY AUTHORITY
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPAYMENT
dc.subjectREPO
dc.subjectREPO RATE
dc.subjectRESERVE BANK
dc.subjectRESERVE FUNDS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK AVERSION
dc.subjectSAFETY NETS
dc.subjectSALE OF INVESTMENTS
dc.subjectSAVINGS CERTIFICATES
dc.subjectSECTOR REFORMS
dc.subjectSELF-REGULATION
dc.subjectSHORT-TERM BORROWINGS
dc.subjectSHORT-TERM DEBT
dc.subjectSHORT-TERM EXTERNAL DEBT
dc.subjectSHORT-TERM GOVERNMENT SECURITIES
dc.subjectSHORT-TERM INTEREST RATES
dc.subjectSHORT-TERM TRADE
dc.subjectSINGLE PROPRIETORSHIPS
dc.subjectSLOWDOWN
dc.subjectSMALL BUSINESSES
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEBT
dc.subjectSWAP
dc.subjectT-BONDS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX COLLECTIONS
dc.subjectTOTAL DEBT
dc.subjectTOTAL EXTERNAL DEBT
dc.subjectTOTAL IMPORT
dc.subjectTRADE BALANCE
dc.subjectTRADE CREDIT
dc.subjectTRADE CREDITS
dc.subjectTRADE DEFICIT
dc.subjectTRANSPARENCY
dc.subjectTREASURIES
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTREASURY BONDS
dc.subjectVALUATION
dc.subjectWITHDRAWAL
dc.subjectWITHDRAWAL OF FUNDS
dc.titleIndia Development Update, October 2013en
dspace.entity.typePublication
okr.date.disclosure2013-10-16
okr.date.doiregistration2025-05-07T10:04:08.042020Z
okr.doctypeEconomic & Sector Work::Other Social Protection Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/10/18403359/india-development-update
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid595561468293126072
okr.identifier.externaldocumentum000356161_20131016171237
okr.identifier.internaldocumentum18403359
okr.identifier.reportAUS5757
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/16/000356161_20131016171237/Rendered/PDF/AUS57570WP0P140Box0379846B00PUBLIC0.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Economic statistics, modeling and forecasting
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitEcon. Policy & Poverty Sector (SASEP)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
AUS57570WP0P140Box0379846B00PUBLIC0.pdf
Size:
2.14 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
AUS57570WP0P140Box0379846B00PUBLIC0.txt
Size:
114.29 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Other Social Protection Study