World Bank South Asia Economic Update 2010

World Bank South Asia Economic Update 2010

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'The World Bank South Asia Economic Update 2010: Moving Up, Looking East' is the World BankA’s comprehensive annual report on the regionA’s economies. In this first edition, the Bank finds that South AsiaA’s strong rebound since March 2009 is comparable to that in East Asia. Government policy, external support, resumption of private spending and global recovery are driving the rebound. Robust and timely policy interventions were, and continue to be, a key to confidence and recovery. South AsiaA’s particular strengths and forms of global integrationA—not the lack of itA—were the main factors that allowed greater resilience. As a special topic, the report examines and recommends three principal directions to reposition South AsiaA’s trade and investment integration policies and profitably expand their domestic economies in both manufacturing and services.India Revised FY2009 Federal Budget [Jun 09] a€“fiscal deficit remains high (6.8% of GDP) Central Excise Duty general rate and Service Tax rate reduced. States allowed deviation from fiscal consolidation targets beyond March 2009.


Title:World Bank South Asia Economic Update 2010
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Publisher:World Bank Publications - 2010
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