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) | 2015-16 | 2016-17 PR | 2017-18 P |
1 | 2 | 3 | 4 | 5 | 6 |
VI. External Sector | | | | | |
VI.1 Balance of Payments | | | | | |
a) Merchandise Exports (% change) | 25.3 | 12.2 | -15.9 | 5.2 | 10.3 |
b) Merchandise Imports (% change) | 32.3 | 9.7 | -14.1 | -1.0 | 19.5 |
c) Trade Balance/GDP (%) | -5.4 | -9.0 | -6.2 | -4.9 | -6.1 |
d) Invisible Balance/GDP (%) | 5.1 | 5.7 | 5.1 | 4.3 | 4.3 |
e) Current Account Balance/GDP (%) | -0.3 | -3.3 | -1.1 | -0.6 | -1.9 |
f) Net Capital Flows/GDP (%) | 4.6 | 3.7 | 2.0 | 1.6 | 3.5 |
g) Reserve Changes [(BoP basis) (US$ billion) [(Increase (-)/Decrease (+)] | -40.3 | -6.6 | -17.9 | -21.6 | -43.6 |
VI.2 External Debt Indicators | | | | | |
a) External Debt Stock (US$ billion) | 156.5 | 359.0 | 484.8 | 471.3 | 529.7 |
b) Debt-GDP Ratio (%) | 17.7 | 20.8 | 23.4 | 20.0 | 20.5 |
c) Import Cover of Reserves (in Months) | 14.0 | 8.5 | 10.9 | 11.3 | 10.9 |
d) Short-term Debt to Total Debt (%) | 13.6 | 21.3 | 17.2 | 18.7 | 19.3 |
e) Debt Service Ratio (%) | 8.3 | 5.6 | 8.8 | 8.3 | 7.5 |
f) Reserves to Debt (%) | 113.7 | 84.8 | 74.3 | 78.5 | 80.2 |
VI.3 Openness Indicators (%) | | | | | |
a) Export plus Imports of Goods/GDP | 30.4 | 40.7 | 31.5 | 29.6 | 29.9 |
b) Export plus Imports of Goods & Services/GDP | 40.8 | 52.8 | 42.9 | 41.0 | 41.9 |
c) Current Receipts plus Current Payments/GDP | 46.6 | 59.0 | 48.8 | 46.6 | 47.4 |
d) Gross Capital Inflows plus Outflows/GDP | 36.8 | 50.0 | 46.6 | 46.8 | 46.0 |
e) Current Receipts & Payments plus Capital Receipts & Payments/GDP | 83.5 | 109.0 | 95.3 | 93.4 | 93.4 |
VI.4 Exchange Rate Indicators | | | | | |
a) Exchange Rate (Rupee/US Dollar) | | | | | |
End of Period | 43.1 | 51.1 | 66.3 | 64.8 | 65.0 |
Average | 44.1 | 51.2 | 65.5 | 67.1 | 64.5 |
b) 36 - Currency REER (% change) | 3.1^ | 0.8 | 2.9 | 2.2 | 4.5 |
c) 36 - Currency NEER (% change) | 1.7^ | -4.9 | 0.9 | -0.1 | 3.1 |
d) 6 - Currency REER (% change) | 4.4^ | 1.9 | 2.3 | 2.0^^ | 3.8 |
e) 6 - Currency NEER (% change) | 1.6^ | -5.4 | -1.6 | -1.0^^ | 1.9 |
Note: … : Not Available. PR: Partially Revised. P: Provisional. * : 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 2015-16, 2016-17 and 2017-18, 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 pertain 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 signs indicate injection). ~~ : Outstanding as on last Friday of the financial year. $ : Outstanding as on March 31. & : Data for 2017-18 are provisional accounts. && : Data for 2017-18 corresponds to Revised Estimates. ^ : Average of period 2005-06 to 2007-08. ^^ : Data are Provisional. Note : Real Effective Exchange Rate (REER) are based on CPI (combined). Source : RBI, Central Statistics Office (CSO), Ministry of Agriculture & Farmers’ Welfare, Ministry of Commerce and Industry, Food Corporation of India (FCI), Labour Bureau and Budget documents of the central and state governments. |