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 | 8.2 | 7.5 |
a | Agriculture & Allied Activities (growth rate in per cent) | 3.0 | 3.0 | 4.0 | 2.0 |
b | Industry (growth rate in per cent) | 7.8 | 7.9 | 9.0 | 6.3 |
c | Services (growth rate in per cent) | 9.2 | 9.2 | 10.4 | 8.2 |
2 | Private Final Consumption Expenditure at current market price (growth rate in per cent) | 12.9 | 13.0 | 13.8 | 11.5 |
3 | Gross Saving (per cent of Gross National Disposable Income) | 31.9 | 32.1 | 33.9 | 29.0 |
4 | Gross Fixed Capital Formation (per cent of GDP) | 29.8 | 29.8 | 31.0 | 27.5 |
5 | Money Supply (M3) (growth rate in per cent) | 12.4 | 12.3 | 14.9 | 10.6 |
6 | Bank Credit of Scheduled Commercial banks (growth rate in per cent) | 12.8 | 13.0 | 17.4 | 10.3 |
7 | Combined Gross Fiscal Deficit (per cent of GDP) | 5.9 | 6.0 | 6.3 | 5.5 |
8 | Central Government Gross Fiscal Deficit (per cent of GDP) | 3.2 | 3.3 | 3.5 | 3.0 |
9 | Repo Rate(end period) | 6.13 | 6.25 | 6.75 | 5.50 |
10 | CRR (end period) | 3.92 | 4.00 | 4.00 | 3.00 |
11 | Yield of 91-Days Treasury Bills (end period) | 6.3 | 6.4 | 6.9 | 5.7 |
12 | YTM of Central Govt. Securities with term to maturity of 10-years (end period) | 6.8 | 6.8 | 7.4 | 6.3 |
13 | Overall Balance of Payments (in US $ bn.) | 40.9 | 34.0 | 73.7 | 19.4 |
14 | Merchandise Exports (in US $ bn.) | 289.4 | 287.8 | 310.2 | 274.0 |
15 | Merchandise Exports (growth rate in per cent) | 6.4 | 6.1 | 10.0 | 1.9 |
16 | Merchandise Imports (in US $ bn.) | 431.1 | 430.5 | 470.9 | 390.0 |
17 | Merchandise Imports (growth rate in per cent) | 9.5 | 9.2 | 13.0 | 5.7 |
18 | Merchandise Trade Balance (per cent of GDP) | -5.7 | -5.6 | -4.5 | -6.7 |
19 | Net Invisible Balance (in US $ bn.) | 111.5 | 114.0 | 120.0 | 100.0 |
20 | Current Account Balance (in US $ bn.) | -30.6 | -30.0 | -7.0 | -56.5 |
21 | Current Account Balance (per cent of GDP) | -1.2 | -1.2 | -0.3 | -1.9 |
22 | Capital Account Balance (in US $ bn.) | 120.3 | 75.0 | 485.5 | 53.5 |
23 | Capital Account Balance (per cent of GDP) | 2.9 | 2.9 | 3.8 | 2.2 |