Item | Average 2003-04 to 2007-08 (5 years) | Average 2009-10 to 2013-14 (5 years) | 2014-15 | 2015-16 | 2016-17 |
1 | 2 | 3 | 4 | 5 | 6 |
I. Real Economy | | | | | |
I.1 Real GDP at market prices (% change)* | 8.8 | 7.4 | 7.5 | 8.0 | 7.1 |
I.2 Real GVA at basic prices (% change)* | 8.7 | 7.1 | 7.2 | 7.9 | 6.6 |
I.3 Foodgrains Production (Million tonnes) | 213.6 | 248.8 | 252.0 | 251.6 | 275.7 |
I.4 a) Food Stocks (Million tonnes at end-March) | 18.6 | 50.0 | 41.3 | 43.6 | 38.0 |
b) Procurement | 39.4 | 61.3 | 59.6 | 62.2 | 60.2 |
c) Off-take | 41.5 | 56.9 | 55.9 | 63.7 | 67.4 |
I.5 Index of Industrial Production (% change)** | 11.0 | 3.5 | 4.1 | 3.4 | 4.4 |
I.6 Index of Eight Core Industries (% change)** | 5.9 | 5.8 | 4.9 | 3.0 | 4.8 |
I.7 Gross Domestic Saving Rate (% of GNDI at current prices)*** | 32.5 | 32.8 | 32.3 | 31.6 | … |
I.8 Gross Domestic Investment Rate (% of GDP at current prices)*** | 33.6 | 36.9 | 34.2 | 33.2 | … |
II. Prices | | | | | |
II.1 Consumer Price Index (CPI) Combined (average % change) | … | … | 5.8 | 4.9 | 4.5 |
II.2 CPI- Industrial Workers (average % change) | 5.0 | 10.3 | 6.3 | 5.6 | 4.1 |
II.3 Wholesale Price Index (average % change)# | 5.5 | 7.1 | 1.3 | -3.7 | 1.7 |
III. Money and Credit | | | | | |
III.1 Reserve Money (% change) | 20.4 | 12.1 | 11.3 | 13.1 | -12.9 |
III.2 Broad Money (M3) (% change) | 18.6 | 14.7 | 10.9 | 10.1 | 7.3 |
III.3 a) Aggregate Deposits of Scheduled Commercial Banks (% change) | 20.2 | 15.0 | 10.7 | 9.3 | 11.8 |
b) Bank Credit of Scheduled Commercial Banks (% change) | 26.7 | 16.7 | 9.0 | 10.9 | 5.1 |
IV. Financial Markets | | | | | |
IV.1 Interest rates (%) | | | | | |
a) Call/Notice Money rate | 5.6 | 7.2 | 8.0 | 7.0 | 6.2 |
b) 10 year G-Sec yield | 7.0 | 8.0 | 8.3 | 7.8 | 7.0 |
c) 91-Days T-bill yield | … | … | 8.5 | 7.4 | 6.4 |
d) Weighted Average cost of Central Government Borrowings | … | … | 8.5 | 7.9 | 7.2 |
e) Commercial Paper | 7.7 | 8.4 | 8.8 | 8.1 | 7.4 |
f) Certificate of Deposits## | 8.9 | 8.2 | 8.7 | 7.8 | 6.9 |
IV.2 Liquidity (₹ billion) | | | | | |
a) LAF Outstanding~ | … | … | -1,938.8 | -2,995.2 | 3,140.7 |
b) MSS Outstanding~~ | … | … | 0.0 | 0.0 | 0.0 |
c) Average Daily Call Money Market Turnover | 184.9 | 255.3 | 255.7 | 269.5 | 305.8 |
d) Average Daily G-Sec Market Turnover### | 77.1 | 241.4 | 501.2 | 474.9 | 829.9 |
e) Variable Rate Repo$ | … | … | 1,628.7 | 2,635.7 | 129.9 |
f) Variable Rate Reverse Repo$ | … | … | … | … | 2,032.0 |
g) MSF$ | … | … | 416.4 | 600.5 | 19.3 |
V. Government Finances& | | | | | |
V.1 Central Government Finances (% of GDP) | | | | | |
a) Revenue Receipts | 9.8 | 9.1 | 8.9 | 8.7 | 9.1 |
b) Capital Outlay | 1.2 | 1.5 | 1.3 | 1.7 | 1.7 |
c) Total Expenditure | 14.4 | 14.8 | 13.4 | 13.1 | 13.0 |
d) Gross Fiscal Deficit | 3.6 | 5.3 | 4.1 | 3.9 | 3.5 |
V.2 State Government Finances&& | | | | | |
a) Revenue Deficit (% of GDP) | 0.4 | 0.0 | 0.4 | 0.1 | 0.3 |
b) Gross Fiscal Deficit (% of GDP) | 2.7 | 2.2 | 2.6 | 2.5 | 2.9 |
c) Primary Deficit (% of GDP) | 0.3 | 0.6 | 1.1 | 1.2 | 1.5 |
APPENDIX TABLE 1: MACROECONOMIC AND FINANCIAL INDICATORS (Concld.) |
Item | Average 2003-04 to 2007-08 (5 years) | Average 2009-10 to 2013-14 (5 years) | 2014-15 | 2015-16 | 2016-17 |
1 | 2 | 3 | 4 | 5 | 6 |
VI. External Sector | | | | | |
VI.1 Balance of Payments | | | | | |
a) Merchandise Exports (% change) | 25.3 | 12.2 | -0.6 | -15.9 | 5.2 |
b) Merchandise Imports (% change) | 32.3 | 9.7 | -1.0 | -14.1 | -1.0 |
c) Trade Balance/GDP (%) | -5.4 | -9.0 | -7.1 | -6.2 | -5.0 |
d) Invisible Balance/GDP (%) | 5.1 | 5.7 | 5.8 | 5.2 | 4.3 |
e) Current Account Balance/GDP (%) | -0.3 | -3.3 | -1.3 | -1.1 | -0.7 |
f) Net Capital Flows/GDP (%) | 4.6 | 3.7 | 4.4 | 2.0 | 1.6 |
g) Reserve Changes [(BoP basis) (US $ billion) [(Increase (-)/Decrease (+)] | -40.3 | -6.6 | -61.4 | -17.9 | -21.6 |
VI.2 External Debt Indicators | | | | | |
a) External Debt Stock (US$ billion) | 156.5 | 359.0 | 474.7 | 485.0 | 471.9 |
b) Debt-GDP Ratio (%) | 17.7 | 20.7 | 23.9 | 23.5 | 20.2 |
c) Import cover of Reserves (in Months) | 14.0 | 8.5 | 8.9 | 10.9 | 11.3 |
d) Short-term Debt to Total Debt (%) | 13.6 | 21.3 | 18.0 | 17.2 | 18.6 |
e) Debt Service Ratio (%) | 8.3 | 5.6 | 7.6 | 8.8 | 8.3 |
f) Reserves to Debt (%) | 113.7 | 84.8 | 72.0 | 74.3 | 78.4 |
VI.3 Openness Indicators (%) | | | | | |
a) Export plus Imports of Goods/GDP | 30.4 | 40.7 | 38.2 | 31.7 | 29.7 |
b) Export plus Imports of Goods & Services/GDP | 40.8 | 52.8 | 50.0 | 43.1 | 41.1 |
c) Current Receipts plus Current Payments/GDP | 46.6 | 59.0 | 56.2 | 49.0 | 46.7 |
d) Gross Capital Inflows plus Outflows/GDP | 36.8 | 50.0 | 49.7 | 46.8 | 47.0 |
e) Current Receipts & Payments plus Capital Receipts & Payments/GDP | 83.5 | 109.0 | 105.9 | 95.9 | 93.8 |
VI.4 Exchange Rate Indicators | | | | | |
a) Exchange Rate (Rupee/US Dollar) | | | | | |
End of Period | 43.1 | 51.1 | 62.6 | 66.3 | 64.8 |
Average | 44.1 | 51.2 | 61.1 | 65.5 | 67.1 |
b) 36 - Currency REER (% change) | 3.1^ | 0.8 | 5.5 | 2.9 | 2.2 |
c) 36 - Currency NEER (% change) | 1.7^ | -4.9 | 2.4 | 0.9 | -0.1 |
d) 6 - Currency REER (% change) | 4.4^ | 1.9 | 6.3 | 2.3 | 2.7 |
e) 6 - Currency NEER (% change) | 1.6^ | -5.4 | 1.2 | -1.6 | -0.5 |
… : Not Available. * : Data from 2003-04 to 2011-12 are at 2004-05 base, while those from 2012-13 onwards are at 2011-12 base. ** : Data for average 2003-04 to 2007-08 and 2009-10 to 2013-14 are based on 2004-05 base year series. For 2014-15, 2015-16 and 2016-17, data are based on the new series with base year 2011-12. *** : Data from 2003-04 to 2010-11 are at 2004-05 base, while those from 2011-12 onwards are at 2011-12 base. # : Base year for WPI is 2011-12=100 for annual data and 2004-05=100 for average of 5 years inflation. ## : Data for column 2 pertains to April 13, 2007 to March 28, 2008. ### : Outright trading turnover in central government dated securities (based on calendar days). ~ : LAF outstanding as on March 31 (negative means injection). ~~ : Outstanding as on last Friday of the financial year. $ : Outstanding as on March 31. & : Data for 2015-16 are actuals and for 2016-17 are provisional estimates. && : Data for 2015-16 onwards are provisional and pertain to budgets of 26 states. ^ : Average of period 2005-06 to 2007-08. Note : Real Effective Exchange Rate (REER) are based on CPI (combined). |