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) |
7.3 |
7.3 |
7.6 |
6.6 |
a |
Agriculture & Allied Activities (growth rate in per cent) |
3.4 |
3.5 |
5.4 |
1.9 |
b |
Industry (growth rate in per cent) |
7.0 |
7.0 |
8.7 |
6.1 |
c |
Services (growth rate in per cent) |
8.4 |
8.5 |
9.1 |
7.2 |
2 |
Private Final Consumption Expenditure at current market price (growth rate in per cent) |
11.9 |
12.1 |
14.9 |
7.5 |
3 |
Gross Saving (per cent of Gross National Disposable Income) |
31.7 |
31.8 |
35.2 |
27.5 |
4 |
Gross Fixed Capital Formation (per cent of GDP) |
28.3 |
28.8 |
30.7 |
26.0 |
5 |
Money Supply (M3) (growth rate in per cent) |
10.5 |
10.5 |
12.0 |
8.4 |
6 |
Bank Credit of Scheduled Commercial banks (growth rate in per cent) |
10.8 |
10.0 |
13.3 |
9.0 |
7 |
Combined Gross Fiscal Deficit (per cent of GDP) |
6.3 |
6.3 |
6.9 |
5.8 |
8 |
Central Government Gross Fiscal Deficit (per cent of GDP) |
3.2 |
3.2 |
3.3 |
3.0 |
9 |
Repo Rate(end period) |
6.09 |
6.00 |
6.25 |
5.75 |
10 |
CRR (end period) |
4.09 |
4.00 |
5.00 |
4.00 |
11 |
Yield of 91-Days Treasury Bills (end period) |
6.3 |
6.3 |
6.7 |
6.0 |
12 |
YTM of Central Govt. Securities with term to maturity of 10-years (end period) |
6.7 |
6.7 |
7.4 |
6.2 |
13 |
Overall Balance of Payments (in US $ bn.) |
31.0 |
32.2 |
52.7 |
10.3 |
14 |
Merchandise Exports (in US $ bn.) |
288.8 |
290.2 |
320.0 |
267.0 |
15 |
Merchandise Exports (growth rate in per cent) |
5.7 |
5.9 |
10.0 |
2.3 |
16 |
Merchandise Imports (in US $ bn.) |
415.7 |
412.8 |
440.0 |
397.0 |
17 |
Merchandise Imports (growth rate in per cent) |
6.0 |
7.1 |
11.0 |
-6.5 |
18 |
Merchandise Trade Balance (per cent of GDP) |
-5.2 |
-5.3 |
-4.5 |
-5.9 |
19 |
Net Invisible Balance (in US $ bn.) |
102.0 |
100.6 |
116.3 |
90.0 |
20 |
Current Account Balance (in US $ bn.) |
-25.5 |
-30.0 |
25.3 |
-58.9 |
21 |
Current Account Balance (per cent of GDP) |
-1.2 |
-1.2 |
-0.3 |
-2.0 |
22 |
Capital Account Balance (in US $ bn.) |
56.8 |
57.0 |
75.0 |
41.3 |
23 |
Capital Account Balance (per cent of GDP) |
2.4 |
2.4 |
3.0 |
1.7 |