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 |