Table A.1: Annual Forecasts for 2014-15 |
Key Macroeconomic Indicators |
Annual Forecasts for 2014-15 |
Mean |
Median |
Max |
Min |
1 |
Real GDP at factor cost (growth rate in per cent) |
5.4 |
5.4 |
6.2 |
4.9 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
2.7 |
2.8 |
3.5 |
1.4 |
b |
Industry (growth rate in per cent) |
3.2 |
3.1 |
5.6 |
1.2 |
c |
Services (growth rate in per cent) |
6.9 |
6.9 |
7.6 |
6.1 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
11.5 |
12.0 |
14.0 |
7.2 |
3 |
Gross Domestic Saving (per cent of GDP) |
30.9 |
31.0 |
32.0 |
29.0 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
30.0 |
30.0 |
31.5 |
28.1 |
5 |
Money Supply (M3) (growth rate in per cent) |
14.1 |
14.0 |
15.4 |
12.0 |
6 |
Bank Credit (growth rate in per cent) |
15.3 |
15.0 |
17.5 |
12.5 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
6.8 |
6.8 |
8.0 |
6.1 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
4.5 |
4.5 |
5.5 |
4.1 |
9 |
Repo Rate(end period) |
7.80 |
7.75 |
8.25 |
7.00 |
10 |
CRR (end period) |
3.96 |
4.00 |
4.00 |
3.50 |
11 |
Yield of 91-Days Treasury Bills (end period) |
8.4 |
8.4 |
9.0 |
7.5 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
8.5 |
8.5 |
9.3 |
7.7 |
13 |
Overall Balance of Payments (in US $ bn.) |
23.5 |
25.9 |
70.0 |
3.0 |
14 |
Merchandise Exports (in US $ bn.) |
338.8 |
337.0 |
360.0 |
323.8 |
15 |
Merchandise Exports (growth rate in per cent) |
7.3 |
6.7 |
16.6 |
1.6 |
16 |
Merchandise Imports (in US $ bn.) |
501.3 |
498.1 |
538.1 |
474.5 |
17 |
Merchandise Imports (growth rate in per cent) |
8.5 |
8.0 |
20.0 |
1.8 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-8.0 |
-7.9 |
-7.2 |
-9.2 |
19 |
Net Invisible Balance (in US $ bn.) |
120.6 |
119.9 |
135.4 |
113.8 |
20 |
Current Account Balance (in US $ bn.) |
-44.2 |
-45.0 |
-20.0 |
-81.4 |
21 |
Current Account Balance (per cent of GDP) |
-2.2 |
-2.1 |
-1.0 |
-3.8 |
22 |
Capital Account Balance (in US $ bn.) |
67.1 |
64.0 |
97.0 |
45.0 |
23 |
Capital Account Balance (per cent of GDP) |
3.2 |
3.1 |
4.5 |
2.2 |