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 |