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 |