India - Economist Intelligence Unit - The Economist
DOMESTIC POLITICS: Defying fears that the 2009 general election would return a fractious, unwieldy coalition government that would struggle to last its full five-year term, the result of the poll, which was concluded on May 13th, will provide a significant boost to India's political and economic prospects. Congress, which leads the United Progressive Alliance, received a solid mandate, and India's new government is therefore likely to be cohesive, durable and relatively free to implement liberalising reforms, rather than being hamstrung by the demands of recalcitrant coalition partners as Congress was during most of its 2004-09 term.
Country Forecast Overview (3 Year)
| Key Indicators |
2008 |
2009 |
2010 |
| Real GDP Growth (%) |
4.40 |
3.90 |
4.70 |
| Consumer Price Inflation (av;%) |
8.35 |
5.20 |
4.30 |
| Budget Balance (% of GDP) |
-6.08 |
-7.80 |
-6.70 |
| Current-Account Balance (% of GDP) |
-3.06 |
-1.90 |
-2.40 |
| Exchange Rate US$:Euro (av) |
43.51 |
48.49 |
47.43 |
| Exchange Rate US$:Euro(year-end) |
48.46 |
47.96 |
47.11 |
India GDP PPP & GDP Growth Rates
2004 - 2008
| Year |
GDP in Billions of USD PPP |
% GDP Growth |
| 2004 |
2,176.89 |
6.47 |
| 2005 |
2,445.19 |
7.43 |
| 2006 |
2,769.93 |
7.95 |
| 2007 |
3,103.32 |
7.30 |
| 2008 |
3,363.43 |
4.40 |
Source: EIU Country Data
India: risk assessment
| Risk |
June 2009 |
| Sovereign risk |
BB |
| Currency risk |
BB |
| Banking sector risk |
B |
| Political risk |
BBB |
| Economic structure risk |
BB |
|
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