India : Sustaining Reform, Reducing Poverty
The report analyzes India's continued good progress in increasing incomes, and improving living standards over the past decade, which after the setback associated with the 1991 balance of payments crisis, economic growth picked up, income pove...
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| Format: | Development Policy Review (DPR) |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/07/2444337/india-sustaining-reform-reducing-poverty http://hdl.handle.net/10986/14617 |
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okr-10986-14617 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BORROWING BUDGET DEFICIT BUDGET DEFICITS BUDGET MANAGEMENT CAPITAL FORMATION CAPITAL MARKETS CDS CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION CURRENT PRICES DEBT DEBT SERVICE DECENTRALIZATION ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC PERFORMANCE ELASTICITY ELECTRICITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORM FISCAL REFORMS FISCAL SITUATION FISCAL STANCE FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNMENT CONSUMPTION GOVERNMENT DEBT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH SERVICES HEALTH SPENDING HOUSING HUMAN DEVELOPMENT IMPORTS INFLATION INSURANCE INTEREST RATES INVESTMENT CLIMATE LIVING STANDARDS MARKET DISTORTIONS MONETARY POLICY NATIONAL INCOME OIL PENSIONS PER CAPITA INCOME PER CAPITA INCOMES PRIVATE SECTOR PUBLIC AFFAIRS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC WORKS RESERVE BANK OF INDIA REVENUE MOBILIZATION ROADS SAFETY NETS SAVINGS SOCIAL SAFETY SOCIAL SAFETY NETS STATE GOVERNMENT STATE INSTITUTIONS SUBSIDIARY TAX TAX ADMINISTRATION TAX RATES TAX REFORM TAX REVENUES TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADE REFORMS UNEMPLOYMENT UNEMPLOYMENT RATES URBAN DEVELOPMENT UTILITIES VALUE ADDED WAGES WHOLESALE PRICE INDEX WORLD TRADE ORGANIZATION WTO REFORM POLICY REFORM IMPLEMENTATION POVERTY REDUCTION GROWTH PATTERNS BALANCE OF PAYMENTS DEFICITS SOCIAL INDICATORS PRIVATE SECTOR PARTICIPATION MARKET LIBERALIZATION TRADE POLICY REFORM CAPITAL MARKETS EXCHANGE MARKET DEVELOPMENTS INVESTMENT ENVIRONMENT FISCAL ADMINISTRATION FISCAL CONSTRAINTS BUDGET DEFICITS MONETARY POLICY PRUDENTIAL REGULATIONS FISCAL REFORMS TAX REFORMS FINANCIAL SECTOR REFORM SOCIAL REFORM CIVIL SERVICE REFORMS FISCAL MANAGEMENT PUBLIC SERVICE DELIVERY SOCIAL SAFETY NETS EDUCATION DELIVERY HEALTH CARE DELIVERY DECENTRALIZATION INFRASTRUCTURE DEVELOPMENT AGRICULTURAL DEVELOPMENT |
| spellingShingle |
ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BORROWING BUDGET DEFICIT BUDGET DEFICITS BUDGET MANAGEMENT CAPITAL FORMATION CAPITAL MARKETS CDS CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION CURRENT PRICES DEBT DEBT SERVICE DECENTRALIZATION ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC PERFORMANCE ELASTICITY ELECTRICITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORM FISCAL REFORMS FISCAL SITUATION FISCAL STANCE FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNMENT CONSUMPTION GOVERNMENT DEBT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH SERVICES HEALTH SPENDING HOUSING HUMAN DEVELOPMENT IMPORTS INFLATION INSURANCE INTEREST RATES INVESTMENT CLIMATE LIVING STANDARDS MARKET DISTORTIONS MONETARY POLICY NATIONAL INCOME OIL PENSIONS PER CAPITA INCOME PER CAPITA INCOMES PRIVATE SECTOR PUBLIC AFFAIRS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC WORKS RESERVE BANK OF INDIA REVENUE MOBILIZATION ROADS SAFETY NETS SAVINGS SOCIAL SAFETY SOCIAL SAFETY NETS STATE GOVERNMENT STATE INSTITUTIONS SUBSIDIARY TAX TAX ADMINISTRATION TAX RATES TAX REFORM TAX REVENUES TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADE REFORMS UNEMPLOYMENT UNEMPLOYMENT RATES URBAN DEVELOPMENT UTILITIES VALUE ADDED WAGES WHOLESALE PRICE INDEX WORLD TRADE ORGANIZATION WTO REFORM POLICY REFORM IMPLEMENTATION POVERTY REDUCTION GROWTH PATTERNS BALANCE OF PAYMENTS DEFICITS SOCIAL INDICATORS PRIVATE SECTOR PARTICIPATION MARKET LIBERALIZATION TRADE POLICY REFORM CAPITAL MARKETS EXCHANGE MARKET DEVELOPMENTS INVESTMENT ENVIRONMENT FISCAL ADMINISTRATION FISCAL CONSTRAINTS BUDGET DEFICITS MONETARY POLICY PRUDENTIAL REGULATIONS FISCAL REFORMS TAX REFORMS FINANCIAL SECTOR REFORM SOCIAL REFORM CIVIL SERVICE REFORMS FISCAL MANAGEMENT PUBLIC SERVICE DELIVERY SOCIAL SAFETY NETS EDUCATION DELIVERY HEALTH CARE DELIVERY DECENTRALIZATION INFRASTRUCTURE DEVELOPMENT AGRICULTURAL DEVELOPMENT World Bank India : Sustaining Reform, Reducing Poverty |
| geographic_facet |
South Asia India |
| description |
The report analyzes India's
continued good progress in increasing incomes, and improving
living standards over the past decade, which after the
setback associated with the 1991 balance of payments crisis,
economic growth picked up, income poverty continued to
decline, and many social indicators, in particular literacy,
continued to improve. Likewise, there has been an opening to
private activity, trade policy and the exchange rate regime
have been further liberalized, and capital markets have been
reformed, leading to an improved investment climate.
Nonetheless, development progress has been steady, but
uneven, while in addition, the recent growth deceleration
was accompanied by a slowdown in investment, especially in
the private sector. The fiscal position of the general
government has now also deteriorated, with a rising budget
deficit, the result of a significant increase in government
consumption, and continued low revenue mobilization. But at
the same time, prudent monetary policy has helped contain
inflation, and strengthen the balance of payments. Based on
this analysis, fiscal reforms are needed in taxation,
financial, social, as well as for fiscal management. The
report also reviews the delivery of public services, showing
the need to access effective social safety nets, i.e.,
social services that require increasing the level, but more
importantly the quality of public expenditures in these
areas. This in turn requires improving the governance and
productivity of India's civil service, and the pressing
problem of affordability. An effective program of civil
service reform should include measures to achieve the
following three objectives: improve access to information;
strengthen accountability; and, reduce political
interference. Of special concern, are the weaknesses in the
service delivery of social sectors: education, health and
social safety nets, and, it has been argued that
decentralization, and local empowerment will ultimately
improve the quality of service delivery at the village
level. To this end, the report suggests improving the
investment climate, with a special look at infrastructure
development, while promoting rapid agricultural, and rural
growth given its importance in the socioeconomic, and
political fabric of India, through productivity-enhancing
investments. Continued progress on poverty reduction will
require a major push to reinvigorate the reform agenda. |
| format |
Economic & Sector Work :: Development Policy Review (DPR) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
India : Sustaining Reform, Reducing Poverty |
| title_short |
India : Sustaining Reform, Reducing Poverty |
| title_full |
India : Sustaining Reform, Reducing Poverty |
| title_fullStr |
India : Sustaining Reform, Reducing Poverty |
| title_full_unstemmed |
India : Sustaining Reform, Reducing Poverty |
| title_sort |
india : sustaining reform, reducing poverty |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/07/2444337/india-sustaining-reform-reducing-poverty http://hdl.handle.net/10986/14617 |
| _version_ |
1764428062639783936 |
| spelling |
okr-10986-146172021-04-23T14:03:16Z India : Sustaining Reform, Reducing Poverty World Bank ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BORROWING BUDGET DEFICIT BUDGET DEFICITS BUDGET MANAGEMENT CAPITAL FORMATION CAPITAL MARKETS CDS CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION CURRENT PRICES DEBT DEBT SERVICE DECENTRALIZATION ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC PERFORMANCE ELASTICITY ELECTRICITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL MANAGEMENT FISCAL POLICY FISCAL REFORM FISCAL REFORMS FISCAL SITUATION FISCAL STANCE FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNMENT CONSUMPTION GOVERNMENT DEBT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH SERVICES HEALTH SPENDING HOUSING HUMAN DEVELOPMENT IMPORTS INFLATION INSURANCE INTEREST RATES INVESTMENT CLIMATE LIVING STANDARDS MARKET DISTORTIONS MONETARY POLICY NATIONAL INCOME OIL PENSIONS PER CAPITA INCOME PER CAPITA INCOMES PRIVATE SECTOR PUBLIC AFFAIRS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC WORKS RESERVE BANK OF INDIA REVENUE MOBILIZATION ROADS SAFETY NETS SAVINGS SOCIAL SAFETY SOCIAL SAFETY NETS STATE GOVERNMENT STATE INSTITUTIONS SUBSIDIARY TAX TAX ADMINISTRATION TAX RATES TAX REFORM TAX REVENUES TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADE REFORMS UNEMPLOYMENT UNEMPLOYMENT RATES URBAN DEVELOPMENT UTILITIES VALUE ADDED WAGES WHOLESALE PRICE INDEX WORLD TRADE ORGANIZATION WTO REFORM POLICY REFORM IMPLEMENTATION POVERTY REDUCTION GROWTH PATTERNS BALANCE OF PAYMENTS DEFICITS SOCIAL INDICATORS PRIVATE SECTOR PARTICIPATION MARKET LIBERALIZATION TRADE POLICY REFORM CAPITAL MARKETS EXCHANGE MARKET DEVELOPMENTS INVESTMENT ENVIRONMENT FISCAL ADMINISTRATION FISCAL CONSTRAINTS BUDGET DEFICITS MONETARY POLICY PRUDENTIAL REGULATIONS FISCAL REFORMS TAX REFORMS FINANCIAL SECTOR REFORM SOCIAL REFORM CIVIL SERVICE REFORMS FISCAL MANAGEMENT PUBLIC SERVICE DELIVERY SOCIAL SAFETY NETS EDUCATION DELIVERY HEALTH CARE DELIVERY DECENTRALIZATION INFRASTRUCTURE DEVELOPMENT AGRICULTURAL DEVELOPMENT The report analyzes India's continued good progress in increasing incomes, and improving living standards over the past decade, which after the setback associated with the 1991 balance of payments crisis, economic growth picked up, income poverty continued to decline, and many social indicators, in particular literacy, continued to improve. Likewise, there has been an opening to private activity, trade policy and the exchange rate regime have been further liberalized, and capital markets have been reformed, leading to an improved investment climate. Nonetheless, development progress has been steady, but uneven, while in addition, the recent growth deceleration was accompanied by a slowdown in investment, especially in the private sector. The fiscal position of the general government has now also deteriorated, with a rising budget deficit, the result of a significant increase in government consumption, and continued low revenue mobilization. But at the same time, prudent monetary policy has helped contain inflation, and strengthen the balance of payments. Based on this analysis, fiscal reforms are needed in taxation, financial, social, as well as for fiscal management. The report also reviews the delivery of public services, showing the need to access effective social safety nets, i.e., social services that require increasing the level, but more importantly the quality of public expenditures in these areas. This in turn requires improving the governance and productivity of India's civil service, and the pressing problem of affordability. An effective program of civil service reform should include measures to achieve the following three objectives: improve access to information; strengthen accountability; and, reduce political interference. Of special concern, are the weaknesses in the service delivery of social sectors: education, health and social safety nets, and, it has been argued that decentralization, and local empowerment will ultimately improve the quality of service delivery at the village level. To this end, the report suggests improving the investment climate, with a special look at infrastructure development, while promoting rapid agricultural, and rural growth given its importance in the socioeconomic, and political fabric of India, through productivity-enhancing investments. Continued progress on poverty reduction will require a major push to reinvigorate the reform agenda. 2013-07-26T16:32:08Z 2013-07-26T16:32:08Z 2003-07-14 http://documents.worldbank.org/curated/en/2003/07/2444337/india-sustaining-reform-reducing-poverty http://hdl.handle.net/10986/14617 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work South Asia India |