Category: Markets

India Fiscal Sector Reforms

 India’s fiscal sector reforms help to raise the rate of savings and investments in India, which further enhances the productivity of public expenditure.[br] 

India’s Debt Situation

 India’s debt situation focuses on the total amount of external debts taken by the nation in a particular year, its repayments as well as the outstanding debt amounts, if any.[br]

India Current Account Deficit

Indian External Sector

 India in 2009 witnessed a surge of FIIs hedging on the nation’s growth prospects, and bringing in over $17.46 billion in domestic equities, according to the Securities and Exchange Board of India (SEBI) data as of December 31, 2009. This is the highest ever inflow of rupees in the country in a single year, breaking the previous high of $15.9 billion in 2007. The Bombay Stock Exchange’s benchmark, the Sensex, gained more than 70% in 2009, after falling by more than 90% in 2008. India’s share of the global FDI increased from 0.78% in 2005 to 2.45% in 2008.

Indian Economy Statistics

The industrial production growth rate in December 2009 showed an improvement in the industrial output, a rise of 17.6% vis-à-vis the weak growth witnessed in the previous months. Growth in December 2008 was negative. Output in mining, manufacturing and electricity rose by 10.7%, 19.3% and 5.4%, respectively, in December 2009, as compared to 2.2%, -0.6% and 1.6% growth, respectively, in 2008. The basic goods market grew by 7.7%, intermediate goods market by 22.7% and capital goods by 13.2%.

India’s Economy in 2010

India is an emerging economy which has witnessed unprecedented levels of economic expansion, alongside China, Russia, Mexico and Brazil. India is a cost effective and labor intensive economy, and has benefited immensely from outsourcing of work from developed countries, and has a strong manufacturing and export oriented industrial framework.

With India’s economic pace picking up, global commodity prices have staged a comeback from their lows and global trade has also seen healthy growth over the last two years.

Indian Economic Reforms

Economic reforms in India should be viewed in terms of a number of distinct eras. Under normal conditions, economic reform in India describes the post-1991 consequences of various economic practices.[br] 

India Economic Development

 Agriculture, services and manufacturing industries play a vital role in the development of the Indian economy. The IT outsourcing, software and call center/ BPO industries, in particular, have helped skyrocket India’s economic development in recent years.[br]