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) |
7.8 |
7.8 |
8.2 |
7.5 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
2.5 |
2.7 |
3.7 |
0.2 |
b |
Industry (growth rate in per cent) |
6.8 |
6.9 |
8.2 |
5.0 |
c |
Services (growth rate in per cent) |
9.5 |
9.6 |
10.4 |
8.0 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
11.7 |
12.1 |
15.5 |
6.1 |
3 |
Gross Saving (per cent of Gross National Disposable Income) |
30.4 |
30.6 |
31.7 |
28.5 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
29.4 |
29.8 |
30.6 |
26.7 |
5 |
Money Supply (M3) (growth rate in per cent) |
12.7 |
12.5 |
14.1 |
11.1 |
6 |
Bank Credit of Scheduled Commercial banks (growth rate in per cent) |
12.6 |
12.8 |
15.0 |
10.0 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
6.0 |
6.0 |
6.6 |
5.0 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
3.6 |
3.5 |
3.9 |
3.5 |
9 |
Repo Rate(end period) |
6.40 |
6.25 |
6.75 |
6.00 |
10 |
CRR (end period) |
3.97 |
4.00 |
4.00 |
3.50 |
11 |
Yield of 91-Days Treasury Bills (end period) |
7.0 |
6.9 |
7.8 |
6.6 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
7.2 |
7.2 |
7.5 |
6.8 |
13 |
Overall Balance of Payments (in US $ bn.) |
47.4 |
46.2 |
69.5 |
28.9 |
14 |
Merchandise Exports (in US $ bn.) |
303.4 |
296.8 |
339.2 |
270.0 |
15 |
Merchandise Exports (growth rate in per cent) |
6.3 |
6.1 |
10.5 |
1.9 |
16 |
Merchandise Imports (in US $ bn.) |
456.2 |
452.9 |
498.1 |
415.0 |
17 |
Merchandise Imports (growth rate in per cent) |
7.9 |
7.7 |
12.0 |
3.0 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-6.4 |
-6.4 |
-5.6 |
-7.6 |
19 |
Net Invisible Balance (in US $ bn.) |
125.3 |
123.6 |
135.3 |
120.0 |
20 |
Current Account Balance (in US $ bn.) |
-31.7 |
-33.0 |
-17.2 |
-48.0 |
21 |
Current Account Balance (per cent of GDP) |
-1.4 |
-1.4 |
-0.8 |
-2.0 |
22 |
Capital Account Balance (in US $ bn.) |
77.5 |
73.0 |
95.0 |
65.6 |
23 |
Capital Account Balance (per cent of GDP) |
3.2 |
3.1 |
4.0 |
2.8 |