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

Gil Sander, Frederico ; Shome, Saurabh ; Seth, Smriti ; Misra, Jaba

World Bank, Washington, DC

关键词: DOING BUSINESS;    DOMESTIC DRIVERS;    ECONOMIC EXPANSION;    EXPORTS;    GDP;   

RP-ID  :  100453

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Indias economy expanded by 7.3 percentin FY14-15 and 7.0 percent in Q1 FY15-16 (y/y). Industrialgrowth increased and despite government services slowingdown, services expanded. Domestic drivers increased, whileexports declined. Private consumption growth stayed strongand investments gained momentum. Gross domestic product isexpected to increase gradually to 7.5 percent in FY15-16.The positive outlook is dependent upon the implementation ofimportant domestic reforms which include: boosting thebalance sheets of the banking sector through a sustainablesolution of the debt overhang of primarily power and roadinfrastructure firms, continuing to improve the ease ofdoing business and enacting the crucial Goods and ServicesTax, and enhancing capacity of state and local governmentsto deliver public services as more resources are devolvedfrom the centre.