Average

1990-91

1980-81

Item

1998-99P

1997-98

1996-97

1995-96

1994-95

to

to

1994-95

1989-90

(5 years)

(10 years)

1

2

3

4

5

6

7

8

1. Real GDP (% change)#

6.0

5.0

7.8

7.6

7.8

5.1

5.9

2. Industrial Production (% change)#

4.0

6.6

5.6

12.7

8.4

5.3

7.8$

3. Agricultural Production (% change)

7.6E

- 5.6

9.3

- 2.7

5.0

2.9

5.2

4. Foodgrains Production (Million tonnes)

202.5

192.4

199.4

180.4

191.5

180.0

146.5

5. Gross Domestic Saving Rate (% of GDP)#

..

23.1

24.4

24.1

24.2

23.5

20.0

6. Gross Domestic Investment Rate (% of GDP)#

..

24.8

25.7

25.8

25.4

25.0

22.0

7. Central Government Finances (% of GDP)#

a)

Total Revenue Receipts

9.0

8.6

9.0

9.0

8.8

10.1

10.3

b)

Total Expenditure

16.0

14.8

14.3

14.6

15.5

16.5

18.8

c)

Revenue Deficit

3.4

3.0

2.3

2.4

3.0

2.9

1.8

d)

Fiscal Deficit

5.9

5.7

4.7

4.9

5.6

6.2

7.2

e)

Monetised Deficit

0.7

0.8

0.1

1.6

0.2

0.8

2.2

f)

Interest Payments

4.4

4.2

4.2

4.1

4.2

4.0

2.8

g)

Internal Debt

26.1

24.9

24.4

25.3

25.7

26.3

26.5

8. Monetary Aggregates (% change)

a)

Broad Money (M₃)

18.4+

18.0+

16.2+

13.6+

22.4+

18.2

17.2

b)

Narrow Money (M₁)

15.1

11.3

12.0

11.7

27.5

19.0

15.1

c)

Reserve Money

14.6

13.2

2.8

14.9

22.1

17.0

16.9

9. Scheduled Commercial Banks (% change)

a)

Aggregate Deposits

19.3+

19.8+

16.5+

12.0+

22.9+

18.3

18.1

b)

Bank Credit

13.8

16.4

9.6

20.1

28.7

16.1

16.8

c)

Non-Food Credit

13.0

15.1

10.9

22.5

29.8

15.2

17.8

d)

Investments in Government Securities

19.4

17.7

20.2

12.4

16.3

22.9

19.4

10. Wholesale Price Index (% change)

a)

Point-to-Point

4.8

5.3

6.9

5.0

10.4

10.8

7.5

b)

Average

6.9

4.8

6.4

7.8

10.9

10.7

8.0

11. Consumer Price Index - Industrial

Workers (% change)

a)

Point-to-Point

8.9

8.3

10.0

8.9

9.7

10.6

8.9

b)

Average

13.1

6.8

9.4

10.0

10.3

10.4

9.1

12. BSE Sensitive Index (% change)

- 13.6

9.9

5.5

- 17.3

37.1

42.9

22.3

13. Trade and Balance of Payments

a)

Exports in US $ (% change)

- 3.9

4.6

5.3

20.8

18.4

10.0

8.1

b)

Imports in US $ (% change)

0.9

6.0

6.7

28.0

22.9

7.3

7.2

c)

Current Account (% of GDP)

- 1.0

- 1.3

- 1.2

- 1.6

- 1.0

- 1.4

- 2.0

d)

Capital Account (% of GDP)

2.1

2.3

3.0

1.2

2.6

2.3

1.7

14. Foreign Exchange Reserves* (US $ Million)

32,490

29,367

26,423

21,687

25,186

13,865

5,579

15. External Debt* (US $ Million)

98,231

94,320

93,470

93,730

99,008

90,162

..

a)

Debt-GDP Ratio

23.7

23.8

23.8

26.3

30.0

34.9

..

b)

Debt-Service Ratio

18.0

19.1

21.2

24.3

26.2

29.0

..

16. Exchange Rate (Rupees / US $)

a)

High

39.4800

35.6975

34.1400

31.3200

31.3650

17.2801

7.7300

b)

Low

43.4200

40.3600

35.9600

37.9500

31.9700

32.6458

17.1274

P

Provisional. .. Not available.

* As at the end of the period.

$ Average for 1981-82 to 1989-90 (9 years).

#

Base : 1993-94 =100 for columns 2 to 6 and 1980-81=100 for column 7 and 8.

E

Estimated.

+

Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money

Supply : Analytics and Methodology of Compilation (June 1998). The revision is in respect of pension and provident funds with

commercial banks which are classified as 'other demand and time liabilities' and includes those banks which have reported such

changes so far.