| Item | Average 2003-04 to 2007-08 (5 years) | Average 2009-10 to 2013-14 (5 years) | 2019-20 | 2020-21 | 2021-22 |
| 1 | 2 | 3 | 4 | 5 | 6 |
| I. Real Economy | | | | | |
| I.1 Real GDP at market prices (% change)* | 7.9 | 6.7 | 3.7 | -6.6 | 8.9 |
| I.2 Real GVA at basic prices (% change)* | 7.7 | 6.3 | 3.8 | -4.8 | 8.3 |
| I.3 Foodgrains Production (Million tonnes)** | 213.6 | 248.8 | 297.5 | 308.7 | 314.5 |
| I.4 a) Food Stocks (Million tonnes)*** | 18.6 | 50.1 | 74.0 | 78.0 | 74.0 |
| b) Procurement (Million tonnes)*** | 39.3 | 61.3 | 80.2 | 97.2 | 107.2 |
| c) Off-take (Million tonnes)*** | 41.5 | 57.0 | 62.2 | 93.1 | 102.3 |
| I.5 Index of Industrial Production (% change)& | 9.3 | 3.5 | -0.8 | -8.4 | 11.3 |
| I.6 Index of Eight Core Industries (% change)& | 5.9 | 5.8 | 0.4 | -6.4 | 10.4 |
| I.7 Gross Domestic Saving Rate (% of GNDI at current prices)* | 33.6 | 33.9 | 29.4 | 27.8 | - |
| I.8 Gross Domestic Investment Rate (% of GDP at current prices)* | 35.2 | 38.0 | 30.7 | 27.3 | - |
| II. Prices | | | | | |
| II.1 Consumer Price Index (CPI) Combined (average % change) | - | - | 4.8 | 6.2 | 5.5 |
| II.2 CPI-Industrial Workers (average % change) | 5.0 | 10.3 | 7.5 | 5.0 | 5.1 |
| II.3 Wholesale Price Index (average % change) | 5.5 | 7.1 | 1.7 | 1.3 | 13.0 |
| III. Money and Credit&& | | | | | |
| III.1 Reserve Money (% change) | 20.4 | 12.1 | 9.4 | 18.8 | 12.3 |
| III.2 Broad Money (M3) (% change) | 18.6 | 14.7 | 8.9 | 12.2 | 8.7 |
| III.3 a) Aggregate Deposits of Scheduled Commercial Banks (% change) | 20.2 | 15.0 | 7.9 | 11.4 | 8.9 |
| b) Bank Credit of Scheduled Commercial Banks (% change) | 26.7 | 16.7 | 6.1 | 5.6 | 9.6 |
| IV. Financial Markets | | | | | |
| IV.1 Interest rates (%) | | | | | |
| a) Call/Notice Money rate | 5.6 | 7.2 | 5.4 | 3.4 | 3.3 |
| b) 10 year G-sec yield | 7.0 | 8.0 | 6.7 | 6.0 | 6.3 |
| c) 91-Days T-bill yield | - | - | 5.5 | 3.3 | 3.5 |
| d) Weighted Average cost of Central Government Borrowings | - | - | 6.9 | 5.8 | 6.3 |
| e) Commercial Paper | 7.7 | 8.4 | 6.6 | 4.2 | 4.3 |
| f) Certificate of Deposits | 8.9 | 8.2 | 5.9 | 4.3 | 4.1 |
| IV.2 Liquidity (₹ lakh crore) | | | | | |
| a) LAF Outstanding~ | - | - | 2.6 | 4.1 | 5.9 |
| b) MSS Outstanding~~ | - | - | - | - | - |
| c) Average Daily Call Money Market Turnover | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 |
| d) Average Daily G-sec Market Turnover | 0.1 | 0.2 | 0.6 | 0.4 | 0.4 |
| e) Variable Rate Repo~ | - | - | 0.895 | 0.005 | 0.000 |
| f) Variable Rate Reverse Repo~ | - | - | 1.2 | 0.0 | 2.8 |
| g) MSF~ | - | - | 0.020 | 0.001 | 0.0005 |
| V. Government Finances# | | | | | |
| V.1 Central Government Finances (% of GDP) | | | | | |
| a) Revenue Receipts | 10.0 | 9.2 | 8.4 | 8.3 | 8.8 |
| b) Capital Outlay | 1.6 | 1.6 | 1.6 | 1.6 | 2.3 |
| c) Total Expenditure | 14.9 | 15.0 | 13.4 | 17.7 | 15.9 |
| d) Gross Fiscal Deficit | 3.7 | 5.4 | 4.7 | 9.2 | 6.7 |
| V.2 State Government Finances## | | | | | |
| a) Revenue Deficit (% of GDP) | 0.0 | -0.1 | 0.6 | 2.0 | 0.5 |
| b) Gross Fiscal Deficit (% of GDP) | 2.7 | 2.3 | 2.6 | 4.7 | 3.5 |
| c) Primary Deficit (% of GDP) | 0.3 | 0.6 | 0.9 | 2.7 | 1.6 |
| 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) | 2019-20 | 2020-21 | 2021-22 |
| 1 | 2 | 3 | 4 | 5 | 6 |
| VI. External Sector | | | | | |
| VI.1 Balance of Payments^ | | | | | |
| a) Merchandise Exports (% change) | 25.3 | 12.2 | -5.0 | -7.5 | 51.8 |
| b) Merchandise Imports (% change) | 32.3 | 9.7 | -7.6 | -16.6 | 68.3 |
| c) Trade Balance/GDP (%) | -5.5 | -9.1 | -5.6 | -3.8 | -5.9 |
| d) Invisible Balance/GDP (%) | 5.2 | 5.8 | 4.7 | 4.7 | 4.7 |
| e) Current Account Balance/GDP (%) | -0.3 | -3.3 | -0.9 | 0.9 | -1.2 |
| f) Net Capital Flows/GDP (%) | 4.7 | 3.8 | 2.9 | 2.4 | 3.9 |
| g) Reserve Changes [(BoP basis) (US$ billion) [(Increase (-)/Decrease (+)] | -40.3 | -6.6 | -59.5 | -87.3 | -63.5 |
| VI.2 External Debt Indicators$ | | | | | |
| a) External Debt Stock (US$ billion) | 156.5 | 359.0 | 558.3 | 573.7 | 614.9 |
| b) Debt-GDP Ratio (%) | 17.8 | 20.9 | 20.9 | 21.2 | 20.0 |
| c) Import cover of Reserves (in Months) | 14.0 | 8.5 | 12.0 | 17.4 | 13.1 |
| d) Short-term Debt to Total Debt (%) | 13.6 | 21.3 | 19.1 | 17.6 | 18.6 |
| e) Debt Service Ratio (%) | 8.3 | 5.6 | 6.5 | 8.2 | 4.9 |
| f) Reserves to Debt (%) | 113.7 | 84.8 | 85.6 | 100.6 | 103.0 |
| VI.3 Openness Indicators (%)^ | | | | | |
| a) Export plus Imports of Goods/GDP | 30.7 | 41.0 | 28.2 | 26.0 | 33.0 |
| b) Export plus Imports of Goods & Services/GDP | 41.3 | 53.2 | 40.3 | 38.2 | 45.6 |
| c) Current Receipts plus Current Payments/GDP | 47.1 | 59.4 | 46.2 | 44.4 | 51.5 |
| d) Gross Capital Inflows plus Outflows/GDP | 37.3 | 50.4 | 40.2 | 42.5 | 47.9 |
| e) Current Receipts & Payments plus Capital Receipts & Payments/ GDP | 84.4 | 109.8 | 86.4 | 86.9 | 99.4 |
| VI.4 Exchange Rate Indicators | | | | | |
| a) Exchange Rate (Rupee/US Dollar) | | | | | |
| End of Period | 43.1 | 51.1 | 75.4 | 73.5 | 75.8 |
| Average | 44.1 | 51.2 | 70.9 | 74.2 | 74.5 |
| b) 40-Currency REER (% change)*** | 3.1^^ | 0.8 | 2.6 | 0.3 | 1.2 |
| c) 40-Currency NEER (% change)*** | 1.7^^ | -4.9 | 0.6 | -4.2 | -0.8 |
| d) 6-Currency REER (% change) | 5.7^^ | 2.3 | 3.3 | -1.7 | 0.4 |
| e) 6-Currency NEER (% change) | 2.6^^ | -5.1 | 0.7 | -6.8 | -1.6 |
- : Not Available.
* : Data are at 2011-12 base year series.
** : Data for 2021-22 are Third Advance Estimates for agriculture production.
*** : Data for 2021-22 are provisional.
& : Data for 2021-22 are provisional and pertain to April 2021- March 2022.
&& : Data for 2021-22 are provisional and is outstanding as on March 25, 2022.
$ : Data for 2021-22 are provisional and pertain to end-December 2021.
~ : Outstanding as on March 31.
~~ : Outstanding as on last Friday of the financial year.
# : Data for 2021-22 are revised estimates.
## : Data for 2020-21 are provisional accounts (PA) figures of 26 States available with Comptroller and Auditor General and budget estimates (BE) for the remaining 5 States/UTs.
^ : Data for 2021-22 are provisional and pertain to April-December 2021 unless indicated otherwise.
^^ : Data in column 2 is average of period 2005-06 to 2007-08.
Note : 1. For Index of Industrial Production, data in column 2 and 3 at 2011-12 base year.
2. 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, Food Corporation of India (FCI), Labour Bureau and Budget documents of the central and state governments. |