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 |