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Macroeconomics > India > Flashcards

India Flashcards

1
Q

India export to gdp 2013

A

26.7 percent

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2
Q

India import to gdp 2013

A

38.3 percent

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3
Q

India unemployment rate

A

5.2 percent

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4
Q

Capital of India

A

New Delhi

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5
Q

Population of India

A

1.26 billion

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6
Q

Indian currency

A

Indian rupee

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7
Q

Religious composition of India

A

Hindu (80.5 percent)

Muslim (13.4 percent)

Christian (2.3 percent)

Sikh (1.9 percent)

Other (1.8 percent)

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8
Q

Exports of India

A 
Petroleum products
precious stones
machinery
iron and steel
chemicals
vehicles
apparel
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9
Q

Imports of India

A

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

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10
Q

Name to bodies of water surrounding India.

A

Bay of Bengal to the east

Arabian Sea to the west

Indian Ocean to the south

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11
Q

Name the countries bordering India.

A

Afghanistan and Pakistan to the northwest

China, Bhutan, and Nepal to the north

Myanmar and Bangladesh to the east

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12
Q

Indian current account deficit in 2013

A
  • 1.7 percent
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13
Q

Indian balance of trade

A
  • 8.32 billion
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14
Q

India:

Poor, mediocre, or strong?

  • Infrastructure
  • Spending on R&D
A
  • Poor

- Poor

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15
Q

R&D spending to gdp in India

A

Less than 1 percent of GDP

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16
Q

Indian social tensions arise from?

A

Religious, caste, and linguistic differences

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17
Q

What is the policitcal system in India?

What is the name of the major political party?

What is the name of the Prime Minister?

A

Democratic Republic

Bharatiya Janata Party

Narendra Modi

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18
Q

India’s political

  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
A

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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19
Q

India’s economic

  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
A

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
20
Q

India’s social

  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
A

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

21
Q

India is working on free-trade agreements with whom?

A

Canada and the EU

22
Q

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

A
  • Australia
  • China
  • Japan
  • New Zealand
  • South Korea
23
Q

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?
A

30 percent

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

China will see a 5% decline in its labor force

24
Q

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

A
  • Supply side shortages
  • Weak rupee
  • Dominance of cartels in agricultural commodities
25
Q

India gained its independence in what year and from whom?

A

1947 from the British

26
Q

In what year was the economy liberalized to foreign participation?

A

1191

27
Q

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

A
  • Agriculture
  • Education
  • Infrastructure
  • Urban renewal
  • Water
  • Employment
28
Q

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

What were the allegations?

A

2010

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

29
Q

Key economic policies of the Indian government.

A

Accelerate key reforms such as:

  • Quick sanctions to pending projects
  • Reducing subsidies
  • Passing market liberalizing reforms
30
Q

Key social policies of the Indian government.

A

Improve access to healthcare and medicines.

Subsidize prizes of food for citizens

31
Q

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

A

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.

32
Q

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

A

6.8%

33
Q

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

A

three-quarters

34
Q

How many recognized stock exchanges operate in India?

A

22

35
Q

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

A

26% (1999)

49% (2014)

36
Q

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

A

Services: 57.9%

Agriculture: 17.2%

Industry: 24.9%

37
Q

What sector is the Indian economy’s growth engine?

A

Services sector

38
Q

Indias main export partners?

A

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

39
Q

Indians main import partners?

A

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%)

40
Q

Indias foreign reserves in 2013?

How many months of imports does that cover?

A

$315 billion

about 7 months

41
Q

India S&P rating?

A

Upgraded from negative to stable in Sept. 2014

S&P rating: BBB-minus

42
Q

India’s two largest stock exchanges?

A

NSE (National Stock Exchange)

BSE (Bombay Stock Exchange)

43
Q

India’s BSE. Number of comanies listed?

Market cap?

A

5,477

$1.5 trillion (sept. 2014)

44
Q

India debt-to-gdp?

A

68 percent

45
Q

India budget deficit?

A
  • 4.5 percent
46
Q

Indian corporate tax rate?

A

34 percent

47
Q

India’s Central Bank:

inflation target for 2015-16?

repurchase interest rate March ‘15?

A

4 percent with a plus or minus 2 percent band around the official target.

7.5 percent (from 7.75 percent)

Macroeconomics (6 decks)

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