Table A.2: Annual Forecasts for 2016-17 |
Key Macroeconomic Indicators |
Annual Forecasts for 2016-17 |
Mean |
Median |
Max |
Min |
1 |
Real GVA at basic prices (growth rate in per cent) |
8.0 |
8.0 |
8.4 |
7.2 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
2.9 |
3.0 |
3.6 |
1.1 |
b |
Industry (growth rate in per cent) |
7.2 |
7.2 |
8.6 |
5.9 |
c |
Services (growth rate in per cent) |
9.7 |
9.8 |
10.5 |
8.9 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
12.8 |
12.9 |
14.0 |
11.5 |
3 |
Gross Saving (per cent of Gross National Disposable Income) |
30.8 |
31.0 |
32.0 |
29.8 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
29.3 |
29.8 |
31.0 |
26.7 |
5 |
Money Supply (M3) (growth rate in per cent) |
13.5 |
13.5 |
16.0 |
11.0 |
6 |
Bank Credit of Scheduled Commercial banks (growth rate in per cent) |
14.2 |
14.2 |
18.0 |
10.5 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
5.9 |
6.0 |
6.5 |
5.0 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
3.6 |
3.6 |
3.9 |
3.5 |
9 |
Repo Rate(end period) |
6.76 |
6.75 |
7.25 |
6.25 |
10 |
CRR (end period) |
3.92 |
4.00 |
4.00 |
3.25 |
11 |
Yield of 91-Days Treasury Bills (end period) |
7.1 |
7.2 |
7.4 |
6.6 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
7.2 |
7.1 |
7.9 |
6.8 |
13 |
Overall Balance of Payments (in US $ bn.) |
44.4 |
42.9 |
62.2 |
18.0 |
14 |
Merchandise Exports (in US $ bn.) |
327.6 |
327.2 |
351.3 |
295.0 |
15 |
Merchandise Exports (growth rate in per cent) |
7.4 |
6.5 |
12.6 |
4.5 |
16 |
Merchandise Imports (in US $ bn.) |
481.4 |
480.1 |
530.0 |
400.0 |
17 |
Merchandise Imports (growth rate in per cent) |
8.2 |
7.1 |
16.7 |
-1.2 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-6.4 |
-6.6 |
-4.4 |
-7.7 |
19 |
Net Invisible Balance (in US $ bn.) |
120.8 |
122.9 |
136.3 |
85.0 |
20 |
Current Account Balance (in US $ bn.) |
-34.5 |
-33.8 |
-17.2 |
-48.0 |
21 |
Current Account Balance (per cent of GDP) |
-1.4 |
-1.3 |
-0.8 |
-2.0 |
22 |
Capital Account Balance (in US $ bn.) |
77.7 |
80.0 |
93.6 |
44.5 |
23 |
Capital Account Balance (per cent of GDP) |
3.0 |
3.2 |
4.0 |
1.9 |