NEW YORK, Feb. 9, 2016 /PRNewswire/ -- India: A Macro-Economic Perspective : H1 2015 Round Up and 2015-16 Expectations
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Indian Economy: Key Highlights
The Reserve Bank of India in its fourth Bi- Monthly monetary policy reduced the repo rate under the liquidity adjustment facility (LAF) by basis points from per cent to per cent.
However, it has kept its cash reserve ratio unchanged at % of net demand and time liability (NDTL).
According to the World Bank's Doing Business Report 2016, India's rank improved by 4 places from to this year (out of countries).
The overall inflation remained manageable, despite the impact of the El Nino phenomenon, which will linger for the rest of the year. To this effect the RBI has kept its policy accommodative.
India's export fell by percent in September 2015, making this the consecutive month of decline.
The Current account deficit widened on account of lower exports.
The Foreign institutional investors (FIIs) inflows have been the highest among Asian emerging economies.
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