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 |