Item

Average 2003-04 to 2007-08 (5 years)

Average 2009-10 to 2013-14 (5 years)

2010-11

2011-12

2012-13

2013-14

1

2

3

4

5

6

7

I.

Real Economy

I.1 Real GDP at factor cost (% change)

8.7

6.7

8.9

6.7

4.5

4.7

I.2 Real GDP at market prices (% change)

8.8

7.0

10.3

6.6

4.7

5.0

I.3 Foodgrains Production (Million tonnes)

213.6

248.8

244.5

259.3

257.1

264.8

I.4 Food Stocks (Million tonnes)

a) Procurement

38.4

60.8

56.8

66.4

72.2

50.8

b) Off-take

41.5

55.6

52.9

56.3

62.8

57.4

c) Stocks at end-March

18.6

50.1

44.4

53.4

59.8

49.5

I.5 Index of Industrial Production (% change)

11.2

3.5

8.2

2.9

1.1

-0.1

I.6 Core Industries (% change)

5.9

5.6

6.6

5.0

6.5

3.1

I.7 Gross Domestic Saving Rate (% of GDP at current market prices)

33.3

32.2#

33.7

31.3

30.1

..

I.8 Gross Domestic Investment Rate (% of GDP at current market prices)

33.6

35.8#

36.5

35.5

34.8

..

II.

Prices

II.1 Consumer Price Index (CPI) Combined (Average % Change)

..

..

..

..

10.2

9.5

II.2 CPI- Industrial Workers (average % change)

5.0

10.3

10.4

8.4

10.4

9.7

II.3 Wholesale Price Index (average % change)

5.5

7.1

9.6

8.9

7.4

6.0

III.

Money and Credit

III.1 Reserve Money (M0) (% change)

20.4

12.1

19.1

3.6

6.2

14.4

III.2 Broad Money (M3) (% change)

18.6

14.7

16.1

13.5

13.6

13.2

III.3 Scheduled Commercial Banks

a) Aggregate Deposits (% change)

20.2

15.0

15.9

13.5

14.2

14.1

b) Bank Credit (% change)

26.7

16.7

21.5

17.0

14.1

13.9

IV.

Financial Markets

IV.1 Interest rates (%)

a) Call / Notice Money rate

5.6

7.2

5.8

8.2

8.1

8.3

b) 10 year G-Sec yield

7.0

8.0

7.9

8.4

8.2

8.4

c) 91-Days T-bill yield

7.3

9.0

8.2

8.9

d) Weighted Average interest rate on Central Government Borrowings

7.9

8.5

8.4

8.5

e) Commercial Paper

7.7

8.4

8.6

9.8

9.2

9.3

IV.2 Liquidity ( ` billion)

a) LAF Outstanding~

..

..

-1,060.1

-1,691.6

-1,236.4

-2,179.9

b) MSS Outstanding~~

..

..

0.0

0.0

0.0

0.0

c) Average Daily Call Money Market Turnover

184.9

255.3

177.3

267.0

323.6

302.3

d) Average Daily G-Sec Market Turnover$

77.1

241.4

142.4

171.3

325.1

429.0

e) Term Repo*

1,200.2

f) MSF*

52.8

70.0

737.4

V.

Government Finances

V.1 Central Government Finances (% of GDP)@

a) Total Revenue Receipts

9.8

9.0

10.1

8.3

8.7

8.9

b) Total Expenditure

14.7

14.7

15.4

14.5

13.9

13.8

c) Gross Fiscal Deficit

3.6

5.3

4.8

5.7

4.8

4.5

V.2 State Finances@@

a) Revenue Deficit (% of GDP)**

0.4

0.0

0.0

-0.3

-0.2

0.0

b) Gross Fiscal Deficit (% of GDP)**

2.7

2.2

2.1

1.9

1.9

2.4

c) Primary Deficit (% of GDP)**

0.3

0.7

0.5

0.4

0.4

0.9

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)

2010-11

2011-12

2012-13

2013-14

1

2

3

4

5

6

7

VI.

External Sector

VI.1 Balance of Payments

a) Merchandise Exports (% change)

25.3

12.2

40.4

20.9

-1.0

3.9

b) Merchandise Imports (% change)

32.3

9.7

27.6

30.3

0.5

-7.2

c) Trade Balance/GDP (%)

-5.4

-8.9

-7.5

-10.1

-10.5

-7.9

d) Invisible Balance/GDP (%)

5.1

5.7

4.6

5.9

5.8

6.1

e) Current Account Balance/GDP (%)

-0.3

-3.2

-2.8

-4.2

-4.7

-1.7

f) Net Capital Flows /GDP(%)

4.6

3.7

3.7

3.6

4.8

2.6

g) Reserve Changes (BoP basis) (US $ billion) [(Increase (-)/Decrease (+)]

-40.3

-6.6

-13.1

12.8

-3.8

-15.5

VI.2 External Debt Indicators

a) External Debt Stock (US$ billion)

156.5

357.9

317.9

360.8

409.4

440.6

b) Debt-GDP Ratio (%)

17.7

20.4

18.2

20.5

22.0

23.3

c) Import cover of Reserves (in Months)

13.9

8.5

9.5

7.1

7.0

7.8

d) Short-term Debt to Total Debt (%)

13.6

21.2

20.4

21.7

23.6

20.3

e) Debt Service Ratio (%)

8.3

5.6

4.4

6.0

5.9

5.9

f) Reserves to Debt (%)

113.7

85

95.9

81.6

71.3

69.0

VI.3 Openness Indicators (%)

a) Export plus Imports of Goods/GDP

30.4

40.2

37.4

43.0

43.5

41.8

b) Export plus Imports of Goods & Services/GDP

40.8

52.2

49.5

54.8

55.7

54.1

c) Current Receipts plus Current Payments/GDP

46.6

58.3

55.1

60.4

61.8

60.5

d) Gross Capital Inflows plus Outflows/GDP

36.8

49.5

55.2

47.3

46.0

51.9

e) Current Receipts & Payments plus Capital Receipts & Payments /GDP

83.5

107.7

110.3

107.8

107.8

112.5

VI.4 Exchange Rate Indicators

a) Exchange Rate (Rupee/US Dollar)

End of Period

43.1

51.1

44.6

51.2

54.4

60.1

Average

44.1

51.2

45.6

47.9

54.4

60.5

b) 36 - Currency REER (% change)

3.1^^

0.8

8.5

-2.1

-4.3

-2.2

c) 36 - Currency NEER (% change)

1.7^^

-4.9

2.9

-6.6

-10.4

-7.7

d) 6 - Currency REER (% change)

4.4^^

1.8

12.4

-2.7

-3.4

-3.7

e) 6 - Currency NEER (% change)

1.6^^

-5.4

5.5

-8.1

-10.5

-10.4

.. : Not Available. # : Average of 2009-10 to 2012-13.
~ : LAF outstanding as on March 31 (negative means injection). ~~ : Outstanding as on last Friday of the financial year.
$ : Average daily outright trading turnover in central government dated securities. * : Outstanding as on March 31.
@ : Central Government figures for 2013-14 pertain to provisional accounts. ^^ : Average of period 2005-06 to 2007-08
@@ : State Government figures for 2013-14 pertain to revised accounts.
** : Data from 2012-13 onwards are provisional and pertain to budgets of 26 state governments out of which 5 are vote-on-account.
Note: Real Effective Exchange Rate (REER) are based on CPI.