Table A.1: 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) |
7.6 |
7.6 |
7.9 |
7.3 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
3.0 |
2.9 |
4.2 |
1.6 |
b |
Industry (growth rate in per cent) |
7.6 |
7.6 |
9.2 |
5.9 |
c |
Services (growth rate in per cent) |
8.9 |
8.8 |
9.9 |
7.6 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
10.5 |
10.7 |
12.8 |
7.8 |
3 |
Gross Saving (per cent of Gross National Disposable Income) |
31.9 |
31.5 |
34.0 |
30.5 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
31.1 |
31.0 |
32.5 |
29.5 |
5 |
Money Supply (M3) (growth rate in per cent) |
12.1 |
12.3 |
13.5 |
10.5 |
6 |
Bank Credit of Scheduled Commercial banks (growth rate in per cent) |
12.5 |
12.0 |
16.9 |
10.8 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
6.4 |
6.5 |
6.8 |
5.9 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
3.2 |
3.5 |
4.0 |
-3.5 |
9 |
Repo Rate (end period) |
6.28 |
6.25 |
6.50 |
6.00 |
10 |
CRR (end period) |
3.96 |
4.00 |
4.00 |
3.50 |
11 |
Yield of 91-Days Treasury Bills (end period) |
6.9 |
6.9 |
7.7 |
6.5 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
7.2 |
7.2 |
7.6 |
7.0 |
13 |
Overall Balance of Payments (in US $ bn.) |
34.9 |
34.3 |
62.1 |
18.1 |
14 |
Merchandise Exports (in US $ bn.) |
268.5 |
266.2 |
293.7 |
231.0 |
15 |
Merchandise Exports (growth rate in per cent) |
-2.3 |
1.0 |
10.3 |
-17.7 |
16 |
Merchandise Imports (in US $ bn.) |
408.0 |
406.6 |
449.7 |
356.0 |
17 |
Merchandise Imports (growth rate in per cent) |
0.6 |
3.1 |
14.6 |
-15.2 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-13.2 |
-6.3 |
6.2 |
-143.4 |
19 |
Net Invisible Balance (in US $ bn.) |
114.7 |
114.7 |
130.2 |
83.4 |
20 |
Current Account Balance (in US $ bn.) |
-20.8 |
-22.0 |
22.6 |
-36.0 |
21 |
Current Account Balance (per cent of GDP) |
-0.9 |
-1.1 |
1.0 |
-1.6 |
22 |
Capital Account Balance (in US $ bn.) |
61.4 |
59.5 |
122.1 |
32.7 |
23 |
Capital Account Balance (per cent of GDP) |
2.6 |
2.6 |
3.3 |
1.6 |