Table A.2: Annual Forecasts for 2017-18 |
| Key Macroeconomic Indicators | Annual Forecasts for 2017-18 |
| | Mean | Median | Max | Min |
1 | Real GVA at basic prices (growth rate in per cent) | 7.8 | 7.8 | 8.3 | 7.2 |
a | Agriculture & Allied Activities (growth rate in per cent) | 2.8 | 3.0 | 3.8 | 1.7 |
b | Industry (growth rate in per cent) | 7.9 | 7.9 | 9.2 | 6.3 |
c | Services (growth rate in per cent) | 9.1 | 9.0 | 10.4 | 8.3 |
2 | Private Final Consumption Expenditure at current market price (growth rate in per cent) | 12.6 | 13.0 | 14.5 | 8.5 |
3 | Gross Saving (per cent of Gross National Disposable Income) | 32.0 | 32.0 | 34.5 | 30.8 |
4 | Gross Fixed Capital Formation (per cent of GDP) | 30.5 | 30.1 | 33.1 | 29.2 |
5 | Money Supply (M3) (growth rate in per cent) | 12.8 | 12.6 | 14.9 | 10.8 |
6 | Bank Credit of Scheduled Commercial banks (growth rate in per cent) | 13.2 | 13.1 | 17.4 | 10.5 |
7 | Combined Gross Fiscal Deficit (per cent of GDP) | 6.1 | 6.1 | 6.7 | 5.5 |
8 | Central Government Gross Fiscal Deficit (per cent of GDP) | 3.2 | 3.2 | 3.7 | 3.0 |
9 | Repo Rate(end period) | 6.25 | 6.25 | 6.75 | 5.75 |
10 | CRR (end period) | 3.97 | 4.00 | 4.00 | 3.50 |
11 | Yield of 91-Days Treasury Bills (end period) | 6.7 | 6.8 | 7.5 | 5.7 |
12 | YTM of Central Govt. Securities with term to maturity of 10-years (end period) | 7.2 | 7.2 | 7.7 | 6.5 |
13 | Overall Balance of Payments (in US $ bn.) | 35.3 | 34.0 | 52.6 | 14.6 |
14 | Merchandise Exports (in US $ bn.) | 295.3 | 299.1 | 318.0 | 261.0 |
15 | Merchandise Exports (growth rate in per cent) | 6.9 | 6.4 | 11.7 | 1.6 |
16 | Merchandise Imports (in US $ bn.) | 439.9 | 449.0 | 483.0 | 280.0 |
17 | Merchandise Imports (growth rate in per cent) | 8.8 | 9.1 | 13.4 | 1.4 |
18 | Merchandise Trade Balance (per cent of GDP) | -4.9 | -6.3 | 6.7 | -6.7 |
19 | Net Invisible Balance (in US $ bn.) | 118.5 | 117.6 | 130.0 | 112.0 |
20 | Current Account Balance (in US $ bn.) | -24.9 | -34.8 | 45.9 | -62.7 |
21 | Current Account Balance (per cent of GDP) | -1.3 | -1.5 | 1.5 | -2.4 |
22 | Capital Account Balance (in US $ bn.) | 106.4 | 75.2 | 485.5 | 52.0 |
23 | Capital Account Balance (per cent of GDP) | 2.9 | 2.8 | 3.8 | 2.2 |