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,...

Full description

Bibliographic Details
Main Author:	World Bank Group
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC 2014
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 http://hdl.handle.net/10986/20794

Description
Summary:	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.

India Development Update, October 2014

Similar Items