Macroeconomic and Financial Indicators - ആർബിഐ - Reserve Bank of India
Macroeconomic and Financial Indicators
Item |
Average 2000-01 to 2009-10 (10 years) |
Average 2003-04 to 2007-08 (5 years) |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
I. Real Economy |
|
|
|
|
|
|
I.1 Overall Real GDP (% change) |
7.3 |
8.7 |
8.6 |
9.3 |
6.2 |
5.0(PE) |
a) Agriculture (% change) |
2.5 |
4.9 |
0.8 |
7.9 |
3.6 |
1.9 |
b) Industry (% change) |
7.3 |
8.8 |
10.2 |
8.7 |
2.7 |
1.2 |
of which : Manufacturing (% change) |
8.0 |
9.7 |
11.3 |
9.7 |
2.7 |
1.0 |
c) Services (% change) |
8.8 |
9.8 |
10.0 |
9.8 |
7.9 |
6.8 |
Demand Side Aggregates |
|
|
|
|
|
|
d) Final Consumption Expenditure (% change) |
6.3 |
7.2 |
8.4 |
8.1 |
8.1 |
3.9 |
of which : PFCE (% change) |
6.4 |
7.5 |
7.4 |
8.6 |
8.0 |
4.0 |
GFCE (% change) |
5.7 |
5.8 |
13.9 |
5.9 |
8.6 |
3.9 |
e) Gross Fixed Capital Formation (% change) |
10.5 |
16.2 |
7.7 |
14.0 |
4.4 |
1.7 |
I.2 Share in GDP |
|
|
|
|
|
|
a) Agriculture (%) |
18.7 |
18.4 |
14.6 |
14.5 |
14.1 |
13.7 |
b) Industry (%) |
20.4 |
20.3 |
20.4 |
20.3 |
19.6 |
18.9 |
c) Services (%) |
60.9 |
61.3 |
64.9 |
65.2 |
66.3 |
67.4 |
I.3 Foodgrains Production (Million tonnes) |
210.5 |
213.6 |
218.1 |
244.5 |
259.3 |
255.4 |
of which : Rice |
89.2 |
90.7 |
89.1 |
96.0 |
105.3 |
104.4 |
Wheat |
73.4 |
72.9 |
80.8 |
86.9 |
94.9 |
92.5 |
Pulses |
13.5 |
14.1 |
14.7 |
18.2 |
17.1 |
18.5 |
I.4 Commercial Crops (Million tonnes) $ |
343.4 |
347.9 |
353.0 |
418.5 |
437.4 |
415.3 |
of which : Oilseeds |
23.8 |
26.3 |
24.9 |
32.5 |
29.8 |
31.0 |
Sugarcane |
291.4 |
291.2 |
292.3 |
342.4 |
361.0 |
339.0 |
I.5 Food Stocks (Million tonnes) |
|
|
|
|
|
|
a) Procurement |
42.0 |
38.4 |
58.0 |
56.8 |
66.4 |
71.7 |
b) Off-take |
39.5 |
41.5 |
48.9 |
52.9 |
56.3 |
62.8 |
c) Stocks at end-March |
30.1 |
18.6 |
43.4 |
44.4 |
53.4 |
59.8 |
I.6 Index of Industrial Production (% change) |
7.4 |
12.3 |
5.3 |
8.2 |
2.9 |
1.1 |
Sectoral |
|
|
|
|
|
|
a) Mining |
4.3 |
4.0 |
7.9 |
5.2 |
-2.0 |
-2.3 |
b) Manufacturing |
8.0 |
14.6 |
4.8 |
8.9 |
3.0 |
1.3 |
c) Electricity Use-Based |
4.8 |
6.3 |
6.1 |
5.5 |
8.2 |
4.0 |
d) Basic Goods |
5.6 |
8.0 |
4.7 |
6.0 |
5.5 |
2.5 |
e) Capital Goods |
13.3 |
30.0 |
1.0 |
14.8 |
-4.0 |
-6.0 |
f) Intermediate Goods |
6.2 |
8.5 |
6.0 |
7.4 |
-0.6 |
1.6 |
g) Consumer Goods |
8.2 |
14.8 |
7.7 |
8.5 |
4.4 |
2.4 |
I.7 Core Infrastructure Industries (% change) |
5.5 |
5.8 |
6.6 |
6.6 |
5.1 |
3.6 |
I.8 Gross Domestic Saving Rate (% of GDP) |
30.7 |
33.3 |
33.7 |
34.0 |
30.8 |
- |
of which : Household |
23.2 |
23.2 |
25.2 |
23.5 |
22.3 |
- |
Private Corporate |
6.3 |
7.2 |
8.4 |
7.9 |
7.2 |
- |
Public |
1.2 |
2.9 |
0.2 |
2.6 |
1.3 |
- |
I.9 Gross Domestic Investment Rate (% of GDP) |
31.2 |
33.6 |
36.5 |
36.8 |
35.0 |
- |
II. Prices |
|
|
|
|
|
|
II.1 Wholesale Price Index Annual Average (% change) |
|
|
|
|
|
|
All Commodities |
5.4 |
5.5 |
3.8 |
9.6 |
8.9 |
7.4 |
All Commodities-Point to Point (end-year) |
– |
– |
10.4 |
9.7 |
7.7 |
5.7 |
Primary Articles |
6.4 |
6.0 |
12.7 |
17.7 |
9.8 |
9.8 |
of which : |
|
|
|
|
|
|
Food Articles |
5.8 |
5.2 |
15.3 |
15.6 |
7.3 |
9.9 |
Non-food Articles |
6.1 |
5.5 |
5.5 |
22.3 |
9.6 |
10.5 |
Fuel and Power |
8.9 |
7.3 |
-2.1 |
12.3 |
14.0 |
10.3 |
Manufactured Products |
4.1 |
5.0 |
2.2 |
5.7 |
7.3 |
5.4 |
of which : |
|
|
|
|
|
|
Food Products |
4.7 |
4.8 |
13.5 |
3.7 |
7.1 |
8.1 |
Non-Food Products |
4.0 |
5.0 |
0.2 |
6.1 |
7.3 |
4.9 |
APPENDIX TABLE 1: MACROECONOMIC AND FINANCIAL INDICATORS (Contd.) |
||||||
Item |
Average 2000-01 to 2009-10 (10 years) |
Average 2003-04 to 2007-08 (5 years) |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
II.2 Consumer Price Index (CPI) (Average % Change) |
|
|
|
|
|
|
a) CPI- Industrial Workers |
5.9 |
5.0 |
12.4 |
10.4 |
8.4 |
10.4 |
of which : CPI- Industrial Workers Food |
6.2 |
5.5 |
15.2 |
9.9 |
6.3 |
11.9 |
b) CPI- Agricultural Labourers |
5.4 |
5.1 |
13.9 |
10.0 |
8.2 |
10.0 |
II.3 New Consumer Price Index (CPI) (Average % Change) |
|
|
|
|
|
|
Rural |
|
|
|
|
|
10.1 |
Urban |
|
|
|
|
|
10.4 |
Combined |
|
|
|
|
|
10.2 |
III. Money and Credit |
|
|
|
|
|
|
III.1 Reserve Money (M0) (% change) |
15.4 |
20.4 |
17.0 |
19.1 |
3.6 |
6.2 |
Adjusted Reserve Money (% change) |
– |
– |
13.0 |
18.2 |
9.5 |
9.5 |
a) Currency in Circulation (% change) |
15.1 |
15.9 |
15.7 |
18.8 |
12.4 |
11.6 |
b) Bankers’ Deposits with RBI (% change) |
17.9 |
33.1 |
21.0 |
20.2 |
-15.9 |
-10.0 |
III.2 Narrow Money (M1) (% change) |
16.0 |
19.6 |
18.2 |
10.0 |
6.0 |
9.1 |
III.3 Broad Money (M3) (% change) |
17.5 |
18.6 |
16.9 |
16.1 |
13.2 |
13.8 |
a) Currency with Public (% change) |
15.1 |
15.9 |
15.3 |
18.8 |
12.2 |
11.9 |
b) Bank Credit to Commercial Sector (% of GDP) |
42.9 |
44.4 |
53.9 |
54.3 |
55.2 |
56.5 |
c) Bank Credit to Government (% of GDP) |
23.1 |
21.5 |
25.8 |
25.4 |
26.4 |
27.0 |
d) Currency-Deposit Ratio (%) |
17.8 |
17.8 |
15.9 |
16.3 |
16.1 |
15.8 |
e) Money Multiplier |
4.6 |
4.6 |
4.8 |
4.7 |
5.2 |
5.5 |
III.4 Scheduled Commercial Banks |
|
|
|
|
|
|
a) Aggregate Deposits (% change) |
18.1 |
19.0 |
17.2 |
15.9 |
13.5 |
14.2 |
b) Time Deposits (% change) |
18.5 |
18.5 |
16.2 |
18.7 |
15.7 |
15.2 |
c) Demand Deposits (% change) |
16.4 |
21.9 |
23.4 |
-0.6 |
-2.6 |
5.9 |
d) Bank Credit (% change) |
21.8 |
25.5 |
16.9 |
21.5 |
17.0 |
14.1 |
e) Non-food Credit (% change) |
22.4 |
26.7 |
17.1 |
21.3 |
16.8 |
14.0 |
f) Investment in Government Securities (% change) |
17.7 |
13.3 |
19.3 |
8.6 |
15.9 |
15.5 |
g) Credit-Deposit Ratio (%) |
64.8 |
68.0 |
72.2 |
75.7 |
78.0 |
77.9 |
h) Credit-GDP Ratio (%) |
37.7 |
39.5 |
50.1 |
50.6 |
51.4 |
52.5 |
IV. Financial Markets |
|
|
|
|
|
|
IV.1 Interest rates (%) |
|
|
|
|
|
|
a) Call / Notice Money rate |
6.1 |
5.6 |
3.2 |
5.8 |
8.2 |
8.1 |
b) 10 year G-Sec yield |
7.5 |
7.0 |
7.2 |
7.9 |
8.4 |
8.2 |
c) 91-Days T-bill yield |
6.1 |
5.8 |
3.6 |
6.2 |
8.4 |
8.2 |
d) Weighted Average interest rate on Central Government Borrowings |
7.8 |
7.2 |
7.2 |
7.9 |
8.5 |
8.4 |
e) Commercial Paper |
8.2 |
7.7 |
5.1 |
8.6 |
9.8 |
9.2 |
IV.2 Liquidity (` billion) |
|
|
|
|
|
|
a) LAF Outstanding ^ |
– |
– |
9.9 |
-1060.1 |
-1691.6 |
-1236.4 |
b) MSS Outstanding ~ |
– |
– |
27.4 |
0.0 |
0.0 |
0.0 |
c) Average Daily Call Money Market Turnover |
– |
184.9 |
159.2 |
177.3 |
267.0 |
323.6 |
d) Average Daily G-Sec Market Turnover ^^ |
– |
77.1 |
139.4 |
142.4 |
171.3 |
325.1 |
V. Government Finances |
|
|
|
|
|
|
V.1 Central Government Finances (% of GDP) # |
|
|
|
|
|
|
a) Total Revenue Receipts |
9.4 |
9.8 |
8.8 |
10.1 |
8.4 |
8.7 |
i) Tax Revenue |
7.1 |
7.6 |
7.0 |
7.3 |
7.0 |
7.4 |
ii) Non Tax Revenue |
2.3 |
2.3 |
1.8 |
2.8 |
1.4 |
1.3 |
b) Total Expenditure |
15.2 |
14.7 |
15.8 |
15.4 |
14.5 |
14.3 |
i) Revenue Expenditure |
12.8 |
12.1 |
14.1 |
13.4 |
12.8 |
12.6 |
of which : Interest Payment |
3.9 |
3.8 |
3.3 |
3.0 |
3.0 |
3.2 |
ii) Capital Expenditure |
2.4 |
2.6 |
1.7 |
2.0 |
1.8 |
1.7 |
c) Revenue Deficit |
3.3 |
2.3 |
5.2 |
3.2 |
4.4 |
3.9 |
d) Fiscal Deficit |
4.8 |
3.6 |
6.5 |
4.8 |
5.7 |
5.2 |
e) Primary Deficit |
0.8 |
-0.2 |
3.2 |
1.8 |
2.7 |
2.0 |
f) Domestic Debt |
56.1 |
57.8 |
52.4 |
48.5 |
48.3 |
48.6 |
V.2 State Finances # |
|
|
|
|
|
|
a) Revenue Deficit (% of GDP)* |
1.0 |
0.4 |
0.5 |
0.0 |
-0.3 |
-0.2 |
b) Gross Fiscal Deficit (% of GDP)* |
3.1 |
2.7 |
2.9 |
2.1 |
1.9 |
2.3 |
c) Primary Deficit (% of GDP)* |
0.7 |
0.3 |
1.2 |
0.5 |
0.3 |
0.8 |
d) Outstanding Liabilities (% of GDP)* |
28.9 |
29.9 |
25.5 |
23.5 |
22.3 |
22.0 |
APPENDIX TABLE 1: MACROECONOMIC AND FINANCIAL INDICATORS (Concld.) |
||||||
Item |
Average 2000-01 to 2009-10 (10 years) |
Average 2003-04 to 2007-08 (5 years) |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
VI. External Sector |
|
|
|
|
|
|
VI.1 Balance of Payments |
|
|
|
|
|
|
a) Merchandise Exports (% change) |
17.7 |
25.3 |
-3.5 |
40.4 |
20.9 |
-1.0 |
Oil Exports (% change) ∆ |
505.4 |
62.6 |
2.3 |
47.1 |
35.1 |
7.6 |
Non Oil Exports (% change) ∆ |
15.6 |
21.9 |
-4.6 |
39.3 |
19.2 |
-3.9 |
b) Merchandise Imports (% change) |
19.5 |
32.3 |
-2.6 |
27.6 |
30.3 |
0.5 |
Oil Imports (% change) ∆ |
22.9 |
35.7 |
-7.0 |
21.6 |
46.2 |
9.3 |
Non Oil Imports (% change) ∆ |
19.4 |
31.6 |
-4.2 |
31.1 |
26.7 |
-3.6 |
c) Trade Balance/GDP (%) |
-5.2 |
-5.4 |
-8.7 |
-7.4 |
-10.1 |
-10.6 |
d) Invisible Balance/GDP (%) |
4.7 |
5.1 |
5.9 |
4.6 |
6.0 |
5.8 |
e) Current Account Balance/GDP (%) |
-0.5 |
-0.3 |
-2.8 |
-2.8 |
-4.2 |
-4.8 |
f) Net Capital Flows /GDP(%) |
3.3 |
4.6 |
3.8 |
3.7 |
3.6 |
4.8 |
g) Current Account Balance (US$ billion) |
-8.3 |
-4.7 |
-38.4 |
-48.1 |
-78.2 |
-88.2 |
Net Invisibles |
44.2 |
45.8 |
80.0 |
79.3 |
111.6 |
107.5 |
of which : Services |
21.6 |
23.4 |
36.2 |
44.1 |
64.1 |
64.9 |
Private Transfers |
27.9 |
27.6 |
51.8 |
53.1 |
63.5 |
64.3 |
Investment Income |
-5.0 |
-4.9 |
-7.2 |
-17.1 |
-16.5 |
-22.4 |
h) Net Capital Flows (US$ billion) |
31.0 |
44.4 |
51.6 |
63.7 |
67.8 |
89.3 |
of which : FDI to India |
16.7 |
15.3 |
33.1 |
29.0 |
33.0 |
27.0 |
FIIs |
7.1 |
10.6 |
29.0 |
29.4 |
16.8 |
27.6 |
NRI Deposits |
2.5 |
2.0 |
2.9 |
3.2 |
11.9 |
14.8 |
i) Reserve Changes (BoP basis) (US $ billion) |
-22.9 |
-40.3 |
-13.4 |
-13.1 |
12.8 |
-3.8 |
[(Increase (-)/Decrease (+)] |
|
|
|
|
|
|
VI.2 External Debt Indicators |
|
|
|
|
|
|
a) External Debt Stock (US$ billion)** |
157.3 |
156.5 |
260.9 |
305.9 |
345.5 |
390.0 |
b) Debt-GDP Ratio (%) |
19.1 |
17.7 |
18.2 |
17.5 |
19.7 |
21.2 |
c) Import cover of Reserves (in Months) ** |
12.5 |
14.0 |
11.1 |
9.5 |
7.1 |
7.0 |
d) Short-term Debt to Total Debt (%) |
11.8 |
13.6 |
20.1 |
21.2 |
22.6 |
24.8 |
e) Debt Service Ratio (%) |
9.8 |
8.3 |
5.8 |
4.4 |
6.0 |
5.9 |
f) Reserves to Debt (%) ** |
95.7 |
113.7 |
106.9 |
99.7 |
85.2 |
74.9 |
VI.3 Openness Indicators (%) |
|
|
|
|
|
|
a) Export plus Imports of Goods/GDP |
29.2 |
34.2 |
35.4 |
37.4 |
43.2 |
43.9 |
b) Export plus Imports of Goods & Services/GDP |
38.8 |
45.3 |
46.8 |
49.4 |
55.0 |
56.2 |
c) Current Receipts plus Current Payments/GDP |
44.7 |
46.4 |
53.5 |
55.0 |
60.7 |
62.4 |
d) Gross Capital Inflows plus Outflows/GDP |
33.4 |
36.7 |
46.9 |
55.2 |
47.5 |
46.4 |
e) Current Receipts & Payments plus Capital |
78.1 |
83.1 |
100.3 |
110.2 |
108.2 |
108.8 |
Receipts & Payments /GDP |
|
|
|
|
|
|
VI.4 Exchange Rate Indicators |
|
|
|
|
|
|
a) Exchange Rate (Rupee/US Dollar) |
|
|
|
|
|
|
End of Period |
45.4 |
43.1 |
45.1 |
44.6 |
51.2 |
54.4 |
Average |
45.6 |
44.1 |
47.4 |
45.6 |
47.9 |
54.4 |
b) 36 - Currency REER (Percentage Change) |
0.4 |
1.0 |
-2.5 |
8.6 |
-2.5 |
-6.7 |
c) 36 - Currency NEER (Percentage Change) |
-0.3 |
0.5 |
-2.6 |
2.9 |
-6.6 |
-10.4 |
d) 6 - Currency REER (Percentage Change) |
1.5 |
2.5 |
-0.3 |
12.7 |
-3.0 |
-5.8 |
e) 6 - Currency NEER (Percentage Change) |
-1.4 |
0.4 |
-3.7 |
5.5 |
-8.1 |
-10.4 |
PE : Provisional Estimates. RE : Revised Estimates. |