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 |
7.3 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
2.7 |
2.7 |
4.0 |
1.2 |
b |
Industry (growth rate in per cent) |
7.2 |
7.2 |
8.6 |
5.9 |
c |
Services (growth rate in per cent) |
9.3 |
9.3 |
10.1 |
8.5 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
11.7 |
11.8 |
16.5 |
8.3 |
3 |
Gross Saving (per cent of Gross National Disposable Income) |
30.0 |
30.2 |
31.9 |
28.3 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
29.2 |
29.4 |
30.5 |
27.6 |
5 |
Money Supply (M3) (growth rate in per cent) |
12.7 |
13.0 |
15.0 |
8.0 |
6 |
Bank Credit of Scheduled Commercial banks (growth rate in per cent) |
13.0 |
13.0 |
15.5 |
10.3 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
6.2 |
6.2 |
6.7 |
5.8 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
3.7 |
3.7 |
4.0 |
3.5 |
9 |
Repo Rate(end period) |
6.40 |
6.50 |
7.00 |
6.00 |
10 |
CRR (end period) |
3.93 |
4.00 |
4.00 |
3.50 |
11 |
Yield of 91-Days Treasury Bills (end period) |
6.9 |
6.8 |
7.3 |
6.6 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
7.3 |
7.4 |
7.6 |
6.8 |
13 |
Overall Balance of Payments (in US $ bn.) |
39.0 |
38.3 |
56.9 |
24.2 |
14 |
Merchandise Exports (in US $ bn.) |
285.3 |
285.4 |
322.2 |
259.1 |
15 |
Merchandise Exports (growth rate in per cent) |
6.1 |
5.8 |
13.9 |
-3.2 |
16 |
Merchandise Imports (in US $ bn.) |
436.5 |
429.7 |
501.4 |
391.8 |
17 |
Merchandise Imports (growth rate in per cent) |
7.3 |
7.4 |
14.5 |
-2.2 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-6.5 |
-6.5 |
-5.6 |
-7.8 |
19 |
Net Invisible Balance (in US $ bn.) |
121.3 |
120.3 |
135.4 |
102.4 |
20 |
Current Account Balance (in US $ bn.) |
-30.4 |
-29.8 |
-12.4 |
-49.2 |
21 |
Current Account Balance (per cent of GDP) |
-1.4 |
-1.5 |
-0.6 |
-2.1 |
22 |
Capital Account Balance (in US $ bn.) |
67.1 |
67.6 |
82.8 |
55.4 |
23 |
Capital Account Balance (per cent of GDP) |
2.9 |
2.9 |
3.6 |
2.5 |