India Flashcards by Eduardo Senior

India export to gdp 2013

26.7 percent

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India import to gdp 2013

38.3 percent

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India unemployment rate

5.2 percent

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Capital of India

New Delhi

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Population of India

1.26 billion

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Indian currency

Indian rupee

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Religious composition of India

Hindu (80.5 percent)

Muslim (13.4 percent)

Christian (2.3 percent)

Sikh (1.9 percent)

Other (1.8 percent)

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Exports of India

Petroleum products
precious stones
machinery
iron and steel
chemicals
vehicles
apparel

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Imports of India

Crude oil, precious stones, machinery, fertilizer, iron and steel, chemicals

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Name to bodies of water surrounding India.

Bay of Bengal to the east

Arabian Sea to the west

Indian Ocean to the south

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Name the countries bordering India.

Afghanistan and Pakistan to the northwest

China, Bhutan, and Nepal to the north

Myanmar and Bangladesh to the east

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Indian current account deficit in 2013

1.7 percent

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Indian balance of trade

8.32 billion

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India:

Poor, mediocre, or strong?

Infrastructure
Spending on R&D

Poor

- Poor

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R&D spending to gdp in India

Less than 1 percent of GDP

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Indian social tensions arise from?

Religious, caste, and linguistic differences

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What is the policitcal system in India?

What is the name of the major political party?

What is the name of the Prime Minister?

Democratic Republic

Bharatiya Janata Party

Narendra Modi

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India’s political

Current strengths
Current challenges
Future prospects
Future risks

Current strengths

Strong democratic setup
Foreign policy

Current challenges

Terrorism
Lack of a comprehensive peace deal with Pakistan
Allegations of corruption

Future prospects

Strong and stable government
Better relations with its smaller immediate neighbors
Stronger relations with Japan
Improved accountability of government

Future risks

Intensifying demand for new states
Social and communal tensions

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India’s economic

Current strengths
Current challenges
Future prospects
Future risks

Current strengths
- Second largest workforce in the world

Current challenges

Stubborn inflation
Imbalanced regional development and widening economic disparities

Future prospects
- Pro-growth policies of the new government

Future Risks

Poor infrastructure
Highly leveraged corporate sector poses a threat to the banking sector

India’s social

Current strengths
Current challenges
Future prospects
Future risks

Current strengths

Growing proportion of young people
Employment guarantee scheme

Current challenges

Healthcare remains a major concern
Rapid urbanization
Low HDI rank

Future prospects
- Rising life expectancy and falling infant mortality

Future risks
- Government’s authority challenged

India is working on free-trade agreements with whom?

Canada and the EU

India’s attempt to enter another regional trade agreement, the Regional Comprehensive Economic Partnership (RCEP) would liberalize trade further with what five countries?

Australia
China
Japan
New Zealand
South Korea

According to the PLanning Commision report in 2012, by how much is India’s labor force expected to increase?

How does that compare to other countries?

Industrialized nations?
China?

30 percent

Industrialized nations will see a 4% decline in their labor forces

China will see a 5% decline in its labor force

Indias high inflation is caused primarily by what? (3 factors)

Supply side shortages
Weak rupee
Dominance of cartels in agricultural commodities

India gained its independence in what year and from whom?

1947 from the British

In what year was the economy liberalized to foreign participation?

1191

Under the UPA (United Progressive Alliance) what were the six major areas of priority?

- Agriculture - Education - Infrastructure - Urban renewal - Water - Employment

When did the Commonwealth Games and 2G spectrum awards corruption scandals come to the fore? What were the allegations?

2010 Gross negligence of officials overseeing the organization of games and misappropriation of funds.

Key economic policies of the Indian government.

Accelerate key reforms such as: - Quick sanctions to pending projects - Reducing subsidies - Passing market liberalizing reforms

Key social policies of the Indian government.

Improve access to healthcare and medicines. Subsidize prizes of food for citizens

What economic developments during the 1980s and early 90s led to further measures of economic liberalization of the Indian economy?

By the mid-1980s, additional growth in private savings was difficult because they were already at elevated levels, which indicates the low rate of return of Indian investments. As a result, during the late 1980s, India relied heavily on external commercial borrowing. By 1990, India was burdened with mounting debt, poor economic development, and average long-term indicators, which eventually resulted in the 1991 balance of payments crisis. In order to obtain new loans, the government had no choice but to agree to further measures of economic liberalization. The government that came to power in June 1991 reaffirmed this commitment to economic reform.

Average growth rate of the Indian economy between 1991 (liberalization) and 2011.

6.8%

What proportion of the overall banking system in India is dominated by the public sector banks?

three-quarters

How many recognized stock exchanges operate in India?

What was the old cap on FDI in the insurance sector of India? What is the new cap

26% (1999) 49% (2014)

What was the composition of the Indian economy by sectors (3) in 2013

Services: 57.9% Agriculture: 17.2% Industry: 24.9%

What sector is the Indian economy's growth engine?

Services sector

Indias main export partners?

India's main export partners were UAE (12.3%), the US (12.2%), China (5%), Singapore (4.9%) and Hong Kong 4.1%.

Indians main import partners?

India's main import partners were China (10.7%), the UAE (7.8%), Saudi Arabia (6.8%), Switzerland (6.2%), and the US (5.1%)

Indias foreign reserves in 2013? How many months of imports does that cover?

$315 billion about 7 months

India S&P rating?

Upgraded from negative to stable in Sept. 2014 S&P rating: BBB-minus

India's two largest stock exchanges?

NSE (National Stock Exchange) BSE (Bombay Stock Exchange)

India's BSE. Number of comanies listed? Market cap?

5,477 $1.5 trillion (sept. 2014)

India debt-to-gdp?

68 percent

India budget deficit?

- 4.5 percent

Indian corporate tax rate?

34 percent

India's Central Bank: inflation target for 2015-16? repurchase interest rate March '15?

4 percent with a plus or minus 2 percent band around the official target. 7.5 percent (from 7.75 percent)