India Development Update, October 2015 : Fiscal Policy for Equitable Growth

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作者：

Gil Sander, Frederico

来源地址：

http://hdl.handle.net/10986/22894

关键词：

CONTINGENT LIABILITIES;  MONETARY POLICY;  WITHDRAWAL;  HOLDING;  PORTFOLIO INFLOWS;  FOREIGN CAPITAL;  ACCOUNTING;  DEPOSITS;  REAL INTEREST RATES;  VALUATION;  INTEREST;  PUBLIC INVESTMENTS;  REMITTANCE;  ECONOMIC DEVELOPMENTS;  BOND SPREADS;  DOMESTIC MARKET;  DEVELOPING COUNTRIES;  REVENUES;  BANK DEPOSIT;  PORTFOLIO;  FISCAL POLICY;  DEVALUATION;  LOAN;  CAPITAL STOCK;  GOVERNMENT ASSETS;  DEBT OVERHANG;  ASSET VALUES;  GOVERNMENT SUPPORT;  INSTRUMENTS;  CORPORATION BANK;  OIL PRICES;  MARKET REFORMS;  CURRENCY;  EXPORT GROWTH;  COMMERCIAL BANK;  FOREIGN CURRENCY DEBT;  RESERVE BANK;  INCOME GROWTH;  DEBTS;  CAPITAL FORMATION;  FINANCES;  TAX REGIME;  EXCHANGE RATES;  RECURRENT EXPENDITURES;  MONETARY FUND;  EMERGING MARKET;  DEBT;  MARKETS;  LOCAL GOVERNMENT;  FINANCIAL FLOWS;  PUBLIC FINANCE;  CONSUMPTION EXPENDITURE;  BUDGET DEFICITS;  BANKING SECTORS;  DEBT SERVICE;  BANK CREDIT;  LEGAL FRAMEWORK;  BANK FINANCING;  CURRENT ACCOUNT DEFICITS;  BANKING SECTOR;  CAPITAL SHARES;  FISCAL DEFICIT;  GLOBAL ECONOMIES;  TRANSACTIONS;  EMERGING MARKETS;  AUCTIONS;  FEDERAL RESERVE;  BOND MARKETS;  TRANSPARENCY;  TURNOVER;  FUTURE;  MARKET PRICES;  FOREIGN DIRECT INVESTMENT;  FIXED CAPITAL;  TREASURY BILLS;  SHORT-TERM EXTERNAL DEBT;  FOREIGN INVESTMENT;  DISBURSEMENTS;  TAX RATES;  SHARES;  T-BILLS;  LOCAL CURRENCY;  TREASURY;  HOLDINGS;  INSURANCE;  MACROECONOMIC VARIABLES;  CURRENCIES;  GOVERNMENT DEBT;  GOVERNMENT BONDS;  GLOBAL TRADE;  SHARE OF ASSETS;  DOMESTIC CREDIT;  COMMERCIAL BANKS;  CORPORATE BOND;  INVESTMENT REQUIREMENTS;  PRIVATE INVESTMENTS;  CONSUMER PRICE INDEX;  LENDING;  LIQUIDITY RATIO;  TRANSITION ECONOMIES;  MATURITIES;  LIABILITY MANAGEMENT;  REMITTANCES;  PORTFOLIO FLOWS;  COMMODITY PRICES;  FREE BONDS;  LIABILITIES;  DEFICIT;  DEPOSIT;  CAPITAL MARKETS;  BASIS POINTS;  LIABILITY;  OIL PRICE;  INDUSTRY CREDIT;  FINANCIAL MANAGEMENT;  EQUITY FLOWS;  STOCK;  BANK RATE;  FOREIGN INVESTORS;  INFORMATION TECHNOLOGY;  REPO;  GOVERNMENT DEFICIT;  INVESTMENT FUND;  GOVERNMENT SPENDING;  EXPORT PERFORMANCE;  EMERGING ECONOMIES;  INTEREST RATE;  EXCHANGE;  STOCK MARKET;  BANKING SYSTEM;  CAPITAL BASE;  LOCAL GOVERNMENTS;  LIQUIDITY;  TAX COLLECTION;  REAL INTEREST;  INFRASTRUCTURE DEVELOPMENT;  BONDS;  MACROECONOMIC CONDITIONS;  TAX;  CASH TRANSFER;  INCOME TAX;  NON-PERFORMING LOANS;  RESERVE;  BENEFICIARIES;  INFLATION;  STATE BANK;  DEVELOPING COUNTRY;  LENDER;  WEALTH TAX;  CREDIBILITY;  BUDGET;  CENTRAL BANK;  INTERNATIONAL FINANCE;  INSTITUTIONAL INVESTOR;  TRADE BALANCE;  BOND INDEX;  ILLIQUIDITY;  GLOBAL ECONOMY;  AGRICULTURAL COMMODITIES;  DISBURSEMENT;  CORPORATE TAX RATES;  HOST COUNTRIES;  CONTRACTS;  INFLATIONARY PRESSURES;  PERSONAL INCOME;  PRIVATE BANKS;  INTEREST RATES;  PRIVATE INVESTMENT;  RETURN;  DEFICITS;  CAPITAL REQUIREMENTS;  COMMERCIAL BANK LOANS;  DIRECT INVESTMENT;  LOANS;  MICRO FINANCE;  PUBLIC SECTOR BANKS;  TAX COLLECTIONS;  RESERVES;  PERSONAL LOANS;  GROSS DOMESTIC PRODUCT;  FINANCIAL HEALTH;  RETURN ON ASSETS;  FINANCE;  FOREIGN CURRENCY;  PUBLIC INVESTMENT;  TAXES;  EXPENDITURE;  INFRASTRUCTURE INVESTMENT;  EQUITY;  TRANSACTION;  INVESTORS;  PORTFOLIO ALLOCATIONS;  ASSET-LIABILITY MANAGEMENT;  FOREIGN EXCHANGE RESERVES;  TAX CREDIT;  MICRO FINANCE INSTITUTIONS;  ASSET VALUE;  TAX RATE;  FINANCIAL STABILITY;  RETURNS;  CAPITAL RAISING;  SHORT-TERM DEBT;  FIXED INVESTMENT;  PURCHASING POWER;  INVESTOR CONFIDENCE;  WORKING CAPITAL;  EXPENDITURES;  ASSET QUALITY;  CAPITAL FLOWS;  CURRENT ACCOUNT DEFICIT;  FOREIGN BANKS;  REGULATORY FORBEARANCE;  TRANSACTION COSTS;  MARKET;  FOREIGN EXCHANGE;  BANK ACCOUNTS;  LEVY;  INFRASTRUCTURE INVESTMENTS;  DEBT MARKETS;  CURRENCY DEPRECIATION;  TAX CREDITS;  GOODS;  INVESTOR;  BANK LOANS;  EQUITY MARKETS;  STOCKS;  REPO RATE;  INVESTMENT;  NATIONAL BANK;  BOND;  SHARE;  BALANCE SHEETS;  POVERTY;  FINANCIAL MARKETS;  TARIFF;  TRANSACTIONS COSTS;  CAPITAL INFLOWS;  REVENUE;  EXTERNAL DEBT;  LEVIES;  INVESTMENTS;  CREDIT GROWTH;  SAVINGS SCHEMES;  EXCHANGE RATE;  INSTRUMENT;  ASSETS RATIO;  PUBLIC BANKS;  INTERNATIONAL SETTLEMENTS;  SMALL BUSINESSES;  GUARANTEE;  Report; 

年份：

2015

出版地：

Washington,USA

语种：

English

摘要：

Indias economy expanded by 7.3 percent in FY14-15 and 7.0 percent in Q1 FY15-16 (y/y). Industrial growth increased and despite government services slowing down, services expanded. Domestic drivers increased, while exports declined. Private consumption growth stayed strong and investments gained momentum. Gross domestic product is expected to increase gradually to 7.5 percent in FY15-16. The positive outlook is dependent upon the implementation of important domestic reforms which include: boosting the balance sheets of the banking sector through a sustainable solution of the debt overhang of primarily power and road infrastructure firms, continuing to improve the ease of doing business and enacting the crucial Goods and Services Tax, and enhancing capacity of state and local governments to deliver public services as more resources are devolved from the centre.