| 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) | Average 2014-15 to 2018-19 (5 years) | 2021-22 | 2022-23 | 2023-24 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| VI. External Sector@ | | | | | | |
| VI.1 Balance of Payments | | | | | | |
| a) Merchandise Exports (% change) | 25.3 | 12.2 | 1.6 | 44.8 | 6.3 | -6.0 |
| b) Merchandise Imports (% change) | 32.3 | 9.7 | 2.7 | 55.3 | 16.6 | -7.3 |
| c) Trade Balance/GDP (%) | -5.5 | -9.1 | -6.2 | -6.0 | -7.9 | -7.4 |
| d) Invisible Balance/GDP (%) | 5.2 | 5.8 | 4.8 | 4.8 | 5.9 | 6.2 |
| e) Current Account Balance/GDP (%) | -0.3 | -3.3 | -1.4 | -1.2 | -2.0 | -1.2 |
| f) Net Capital Flows/GDP (%) | 4.7 | 3.8 | 2.7 | 2.7 | 1.8 | 2.5 |
| g) Reserve Changes (BoP basis) [US $ billion] [(Increase (-)/Decrease (+)] | -40.3 | -6.6 | -28.2 | -47.5 | 9.1 | -32.9 |
| VI.2 External Debt Indicators@@ | | | | | | |
| a) External Debt Stock (US$ billion) | 156.5 | 359.0 | 500.6 | 619.0 | 624.3 | 648.2 |
| b) Debt-GDP Ratio (%) | 17.8 | 20.9 | 21.4 | 20.0 | 19.0 | 18.7 |
| c) Import Cover of Reserves (in Months) | 14.0 | 8.5 | 10.3 | 11.8 | 9.6 | 11.0 |
| d) Short-term Debt to Total Debt (%) | 13.6 | 21.3 | 18.6 | 19.7 | 20.6 | 19.5 |
| e) Debt Service Ratio (%) | 8.3 | 5.6 | 7.7 | 5.2 | 5.3 | 6.5 |
| f) Reserves to Debt (%) | 113.7 | 84.8 | 76.2 | 98.1 | 92.7 | 96.0 |
| VI.3 Openness Indicators (%) | | | | | | |
| a) Export plus Imports of Goods/GDP | 30.7 | 41.0 | 32.0 | 33.1 | 35.1 | 31.8 |
| b) Export plus Imports of Goods & Services/GDP | 41.3 | 53.2 | 43.7 | 45.8 | 50.2 | 46.4 |
| c) Current Receipts plus Current Payments/GDP | 47.1 | 59.4 | 49.4 | 51.7 | 57.0 | 53.7 |
| d) Gross Capital Inflows plus Outflows/GDP | 37.3 | 50.4 | 45.2 | 45.4 | 38.4 | 43.5 |
| e) Current Receipts & Payments plus Capital Receipts & Payments/GDP | 84.4 | 109.8 | 94.6 | 97.0 | 95.3 | 97.3 |
| VI.4 Exchange Rate Indicators | | | | | | |
| a) Exchange Rate (Rupee/US Dollar) | | | | | | |
| End of Period | 43.1 | 51.1 | 65.6 | 75.8 | 82.2 | 83.4 |
| Average | 44.1 | 51.2 | 65.6 | 74.5 | 80.4 | 82.8 |
| b) 40-Currency REER (% change) | 3.1^ | 0.8 | 1.8 | 1.2 | -1.7 | 0.9 |
| c) 40-Currency NEER (% change) | 1.7^ | -4.9 | 0.2 | -0.8 | -2.0 | -0.6 |
| d) 6-Currency REER (% change) | 5.7^ | 2.3 | 2.0 | 0.4 | -0.3 | -0.01 |
| e) 6-Currency NEER (% change) | 2.6^ | -5.1 | -1.1 | -1.6 | -1.3 | -2.7 |
- : Not Available/Not Applicable.
* : Data are at 2011-12 base year series.
** : Data for 2023-24 are only for kharif and rabi crops (excluding summer) as per second advance estimates for agriculture production.
*** : Data pertain to stocks as on March 31 for all years.
# : Data for Wholesale Price Index for 2023-24 are provisional; data for CPI-Industrial Workers for 2023-24 pertain to April-January.
## : Data for 2023-24 for reserve money pertain to March 29, 2024, while that of money supply relate to March 22, 2024.
† : Data in column 2 pertains to April 13, 2007 - March 28, 2008.
~ : Outstanding as on last Friday of the financial year.
~~ : Outstanding as on March 31.
$ : Data for 2023-24 are revised estimates. Ratios may vary from those published in the Union Budget due to revision in GDP numbers.
$$ : Data till 2021-22 pertain to all states and union territories (UT) with legislatures. Data for 2022-23 and 2023-24 are accounts and revised estimates, respectively, for 27 states/UTs, out of which 19 states/UTs have presented their final budgets and remaining states have presented Vote on Account budgets.
@ : Data for 2023-24 are provisional and pertain to April-December 2023, unless indicated otherwise.
@@ : Data for 2023-24 are provisional and pertain to end-December 2023.
^ : Data in column 2 is average of period 2005-06 to 2007-08.
Note : 1. For Index of Industrial Production, data in columns 2, 3 and 4 are at 2011-12 base year.
2. Base year for Consumer Price Index (All India) is 2012=100; base year for WPI is 2011-12=100 for annual data and 2004-05=100 for average of 5 years inflation; base for CPI-IW is 2001=100 till August 2020 and 2016=100 from September 2020 onwards.
3. For Average Daily G-sec Market Turnover, outright trading turnover is in central government dated securities (based on calendar days).
4. LAF negative value means injection.
5. Base year for 6- and 40-currency NEER/REER indices is 2015-16=100. REER figures are based on Consumer Price Index.
Source : RBI, National Statistical Office, Ministry of Agriculture & Farmers Welfare, Ministry of Commerce and Industry, Ministry of Finance, Food Corporation of India (FCI), Labour Bureau and Budget documents of the central and state governments. |