World Bank2013-08-192013-08-1920000-8213-4775-6https://hdl.handle.net/10986/15185Reducing poverty, and providing for minimum needs, is the ultimate yardstick against which to measure development. To this end, the study outlines India's growth rate, improved social indicators, and poverty reduction since the 1970s, but specifies that, despite this progress, poverty is a serious concern, where social indicators remain below comparator countries. Human development is examined, focusing on social indicators, stating the delivery of health and education is fraught with limited accountability for performance and with low management capacity. Governance is critical to development, but the country's inadequate and adverse factors hinder the development of public administration, instead, performance incentives, and accountability within a downsized civil service, effective financial management, and decentralization should be pursued. Infrastructure should attract private investments, but the perverse impact of subsidies preclude the provision of private services. However, regulatory agencies are imperfect alternatives to competition, but corporatization would be an essential step in attracting the private sector. The study further reviews deregulation to increase trade growth and improve labor market flexibility. Conclusions call for reforms, arguing it would lead to higher growth, favorable balance of payments, and further capital inflows, including foreign direct investments.enCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING FRAMEWORKADMINISTRATIVE REFORMSADVERSE CONSEQUENCESAGRICULTUREANNUAL GROWTH RATEASSOCIATED COMPANIESAUDITINGAUTONOMYBALANCE OF PAYMENTSBUSINESS ENVIRONMENTCAPITAL ADEQUACYCAPITAL EMPLOYEDCAPITAL EXPENDITURESCAPITAL FORMATIONCDCERTIFICATE OF DEPOSITCIVIL SERVICECOMMERCIAL BANKSCOMPETITIVE MARKETSCOMPETITIVENESSCONSUMER PRICE INDEXCONTRACT ENFORCEMENTCORPORATE GOVERNANCECORPORATE SECTORCPICRISESDATA ANALYSISDEBTDECENTRALIZATIONDEPOSITSDEREGULATIONDEVELOPING COUNTRIESDIRECT INVESTMENTDOMESTIC DEMANDDUMPINGECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC RESEARCHEMPLOYMENTENTERPRISE GOVERNANCEEXCHANGE RATEEXPENDITURESEXPORTEXPORTSEXTERNAL DEBTFINANCIAL MANAGEMENTFINANCIAL SECTORFISCAL DEFICITSFISCAL YEARFOOD POLICY RESEARCHFOREIGN ASSETSFOREIGN EXCHANGEGCRGDPGNPGNP PER CAPITAGOOD GOVERNANCEGOVERNANCE DATAGOVERNANCE INDICATORSGOVERNANCE ISSUESGOVERNMENT FINANCEGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROSS NATIONAL PRODUCTGROWTHGROWTH RATEGROWTH RATESHEADCOUNT INDEXHEALTH OUTCOMESHEALTH SERVICESHEALTH SURVEYHUMAN DEVELOPMENTIMPORTSINCOMEINFANT MORTALITYINFLATIONINSURANCEINTEREST RATESINTERNATIONAL LABOURLIQUIDITYLOCAL GOVERNMENTLONG TERMM3MACROECONOMIC POLICIESMARKET PRICESMONETARY POLICYMPCOILPARLIAMENTPER CAPITA INCOMEPOLICY CHANGESPOVERTY LEVELSPOVERTY REDUCTIONPRIMARY EDUCATIONPRIMARY SCHOOLPRIVATIZATIONPRODUCERSPRODUCTIVITYPROPERTY RIGHTSPUBLIC AGENCIESPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC OFFICIALSPUBLIC SECTORPUBLIC SERVICESPURCHASING POWERPURCHASING POWER PARITYRATE OF EXCHANGEREDUCING POVERTYREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRESERVE BANK OF INDIARESOURCE MOBILIZATIONREVENUE EXPENDITURESRULE OF LAWRURAL POVERTYSAVINGSSECURITIESSHORT TERMSOCIAL INDICATORSSOCIAL JUSTICESOCIAL SECURITYSOCIAL SERVICESTARIFF BARRIERSTAX ADMINISTRATIONTAX REFORMSTAX REVENUETAX STRUCTURETEAM MEMBERSTELECOMMUNICATIONSTOTAL FACTOR PRODUCTIVITYTRADE BALANCEURBAN POPULATIONVALUATIONVALUE ADDEDWAGE RATESWHOLESALE PRICE INDEXWORLD TRADE ORGANIZATIONWTO POVERTY REDUCTIONECONOMIC GROWTHMACROECONOMIC POLICYHUMAN DEVELOPMENTECONOMIC DEVELOPMENTSOCIAL INDICATORSHEALTH DELIVERYEDUCATION DELIVERYPERFORMANCE INDICATORSMANAGEMENT DEVELOPMENTGOVERNANCE CAPACITYPUBLIC ADMINISTRATIONSUBSIDIESCIVIL SERVICE REFORMSBUDGETARY PROCESSFINANCIAL MANAGEMENTDECENTRALIZATIONINFRASTRUCTURE PRIVATIZATIONPRIVATE INVESTMENTSREGULATORY AGENCYCOMPETITIVENESSCORPORATE GOVERNANCEDEREGULATIONTRADE EXPANSIONLABOR DEMANDREFORM POLICYCAPITAL INFLOWSFOREIGN DIRECT INVESTMENTSWorld Bank10.1596/0-8213-4775-6