| Table A.1 : Annual Forecasts for 2007-08 |
| | Key Macroeconomic Indicators | Annual Forecasts for 2007-08 |
| Mean | Median | Max | Min |
| 1 | Real GDP growth rate at factor cost (in per cent) | 8.7 | 8.8 | 9.3 | 7.7 |
| a | Agriculture & Allied Activities | 3.4 | 3.4 | 4.5 | 2.5 |
| b | Industry | 9.4 | 9.5 | 10.1 | 8.5 |
| c | Services | 10.2 | 10.1 | 11.0 | 8.8 |
| 2 | Private Final Consumption Expenditure at current market price (growth rate in per cent) | 6.3 | 5.9 | 8.2 | 5.7 |
| 3 | Gross Domestic Saving (per cent of GDP at current market price) | 34.4 | 34.2 | 36.8 | 32.4 |
| | of which Private Corporate Sector | 9.0 | 9.0 | 10.0 | 7.5 |
| 4 | Gross Domestic Capital Formation (per cent of GDP at current market price) | 35.3 | 35.5 | 39.2 | 33.0 |
| 5 | Gross Fixed Capital Formation (per cent of GDP at current market price) | 30.8 | 31.0 | 31.5 | 30.0 |
| 6 | Money Supply (M3) (growth rate in per cent) | 20.1 | 20.0 | 22.0 | 18.0 |
| 7 | Bank Credit (growth rate in per cent) | 23.1 | 23.0 | 25.4 | 20.0 |
| 8 | Combined Gross Fiscal Deficit (per cent of GDP) | 6.0 | 6.2 | 6.5 | 5.5 |
| 9 | Central Government Fiscal Deficit (per cent of GDP) | 3.4 | 3.3 | 3.5 | 3.1 |
| 10 | Corporate profit after tax (growth rate in per cent)* | 30.3 | 33.0 | 35.0 | 23.0 |
| 11 | Repo (end period) | 7.50 | 7.75 | 8.00 | 6.00 |
| 12 | Reverse Repo (end period) | 6.02 | 6.00 | 7.75 | 5.50 |
| 13 | CRR (end period) | 7.14 | 7.50 | 8.00 | 4.50 |
| 14 | USD/INR (RBI reference rate-end period) | 39.4 | 39.3 | 41.3 | 38.0 |
| 15 | T-Bill 91 days Yield (per cent-end period) | 7.0 | 6.9 | 7.5 | 6.5 |
| 16 | 10 year Govt. Securities Yield (per cent-end period) | 7.8 | 7.8 | 8.4 | 7.3 |
| 17 | Overall BoP (in US $ bn.) | 44.2 | 40.9 | 75.7 | 27.8 |
| 18 | Export (in US $ bn.) | 148.4 | 148.1 | 153.8 | 145.0 |
| | Export (growth rate in percent) | 17.1 | 16.5 | 21.0 | 15.0 |
| 19 | Import (in US $ bn.) | 235.3 | 234.3 | 249.6 | 224.0 |
| | Import (Growth rate in percent) | 23.3 | 23.0 | 30.0 | 16.7 |
| 20 | Trade Balance (US $ bn) | -87.0 | -87.8 | -74.7 | -102.2 |
| 21 | Invisible Balance (US $ bn) | 68.8 | 68.4 | 80.0 | 62.0 |
| *For all listed companies in BSE |
| Table A.2 : Annual Forecasts for 2008-09 |
| | Key Macroeconomic Indicators | Annual Forecasts for 2008-09 |
| Mean | Median | Max | Min |
| 1 | Real GDP growth rate at factor cost (in per cent) | 8.4 | 8.4 | 9.6 | 7.0 |
| a | Agriculture & Allied Activities | 2.9 | 3.0 | 4.0 | 2.0 |
| b | Industry | 9.0 | 8.8 | 10.5 | 7.6 |
| c | Services | 9.8 | 9.8 | 11.5 | 8.0 |
| 2 | Private Final Consumption Expenditure at current market price (growth rate in per cent) | 6.2 | 5.8 | 8.5 | 5.5 |
| 3 | Gross Domestic Saving (per cent of GDP at current market price) | 35.0 | 34.7 | 38.6 | 32.4 |
| | of which Private Corporate Sector | 9.0 | 9.2 | 10.5 | 7.3 |
| 4 | Gross Domestic Capital Formation (per cent of GDP at current market price) | 36.2 | 36.0 | 43.7 | 31.3 |
| 5 | Gross Fixed Capital Formation (per cent of GDP at current market price) | 31.7 | 31.9 | 32.4 | 31.0 |
| 6 | Money Supply (M3) (growth rate in per cent) | 18.7 | 18.0 | 21.0 | 17.0 |
| 7 | Bank Credit (growth rate in per cent) | 21.9 | 20.9 | 27.1 | 18.0 |
| 8 | Combined Gross Fiscal Deficit (per cent of GDP) | 5.8 | 6.0 | 6.6 | 5.0 |
| 9 | Central Government Fiscal Deficit (per cent of GDP) | 3.2 | 3.1 | 3.7 | 3.0 |
| 10 | Corporate profit after tax (growth rate in per cent)* | 27.0 | 27.0 | 35.0 | 19.0 |
| 11 | Repo (end period) | 7.39 | 7.50 | 8.00 | 5.75 |
| 12 | Reverse Repo (end period) | 5.94 | 6.00 | 7.00 | 5.25 |
| 13 | CRR (end period) | 7.18 | 7.00 | 8.50 | 6.00 |
| 14 | USD/INR (RBI reference rate-end period) | 37.8 | 37.5 | 41.0 | 35.6 |
| 15 | T-Bill 91 days Yield (per cent-end period) | 6.6 | 6.5 | 7.3 | 5.9 |
| 16 | 10 year Govt. Securities Yield (per cent-end period) | 7.3 | 7.5 | 7.7 | 6.5 |
| 17 | Overall BoP (in US $ bn.) | 38.4 | 32.6 | 60.4 | 23.5 |
| 18 | Export (in US $ bn.) | 172.1 | 171.4 | 184.5 | 161.2 |
| | Export (growth rate in percent) | 16.0 | 15.5 | 20.0 | 10.0 |
| 19 | Import (in US $ bn.) | 275.5 | 272.4 | 304.5 | 255.0 |
| | Import (Growth rate in percent) | 17.6 | 14.0 | 27.0 | 10.9 |
| 20 | Trade Balance (US $ bn) | -103.4 | -100.5 | -84.4 | -135.0 |
| 21 | Invisible Balance (US $ bn) | 81.3 | 80.8 | 101.0 | 69.0 |
| *For all listed companies in BSE |
| Table A.3: Quarterly Forecasts Q2:2007-08 to Q1:2008-09 |
| Key Macroeconomic Indicators | Quarterly Forecasts |
| 2007-08:Q2 | 2007-08:Q3 |
| Mean | Median | Max | Min | Mean | Median | Max | Min |
| Real GDP growth rate at factor cost (per cent) | 8.8 | 8.8 | 9.2 | 8.4 | 8.6 | 8.5 | 9.3 | 8.0 |
| Agriculture & Allied Activities | 3.1 | 3.0 | 5.2 | 2.3 | 3.1 | 3.0 | 4.6 | 2.0 |
| Industry | 9.2 | 9.3 | 10.1 | 8.1 | 9.2 | 9.1 | 11.0 | 7.9 |
| Services | 10.2 | 10.2 | 10.6 | 9.7 | 10.4 | 10.2 | 12.1 | 9.6 |
| IIP growth rate (per cent) | 9.2 | 9.3 | 9.6 | 8.6 | 9.8 | 9.9 | 11.5 | 8.5 |
| Private Final Consumption Expenditure (growth rate in per cent) | 6.2 | 6.2 | 6.5 | 5.8 | 6.1 | 6.2 | 6.4 | 5.8 |
| Gross Domestic Capital Formation (per cent of GDP at current market price) | 35.5 | 35.5 | 35.6 | 35.4 | 36.0 | 36.0 | 36.0 | 35.9 |
| Gross Fixed Capital Formation (per cent of GDP at current market price) | 31.0 | 31.1 | 31.3 | 30.6 | 30.9 | 31.1 | 32.3 | 29.3 |
| Corporate profit after tax (growth rate in per cent)* | 28.5 | 28.5 | 33.0 | 24.0 | 24.5 | 24.5 | 30.0 | 19.0 |
| USD/INR (RBI reference rate- end period) | - | - | - | - | 39.6 | 39.5 | 40.5 | 38.5 |
| Repo Rate (end period) | - | - | - | - | 7.72 | 7.75 | 7.75 | 7.50 |
| Reverse Repo Rate (end period) | - | - | - | - | 5.98 | 6.00 | 6.00 | 5.75 |
| CRR (end period) | - | - | - | - | 7.33 | 7.50 | 7.75 | 7.00 |
| BSE INDEX (end period) | - | - | - | - | 19000 | 19000 | 20000 | 18000 |
| Export (US $ bn.) | 37.1 | 37.7 | 37.9 | 35.0 | 36.0 | 35.2 | 40.0 | 33.5 |
| Import (US $ bn.) | 58.2 | 58.7 | 59.5 | 55.7 | 59.6 | 60.4 | 61.3 | 56.1 |
| Trade Balance (US $ bn.) | -21.1 | -20.8 | -18.2 | -24.5 | -23.6 | -24.2 | -20.0 | -26.1 |
| *For all listed companies in BSE. |
| A.3 (contd.) |
| Key Macroeconomic Indicators | Quarterly Forecasts |
| 2007-08:Q4 | 2008-09:Q1 |
| Mean | Median | Max | Min | Mean | Median | Max | Min |
| Real GDP growth rate at factor cost (per cent) | 8.4 | 8.4 | 9.6 | 7.5 | 8.6 | 8.8 | 9.4 | 7.1 |
| Agriculture & Allied Activities | 2.8 | 2.3 | 5.5 | 1.5 | 3.3 | 3.0 | 4.0 | 2.9 |
| Industry | 8.7 | 9.0 | 9.8 | 6.9 | 9.2 | 9.4 | 11.0 | 7.4 |
| Services | 10.1 | 10.0 | 11.2 | 9.4 | 10.0 | 10.3 | 10.8 | 8.0 |
| IIP growth rate (per cent) | 9.0 | 8.9 | 10.2 | 8.4 | 9.5 | 9.5 | 11.5 | 8.0 |
| Private Final Consumption Expenditure (growth rate in per cent) | 6.1 | 6.3 | 6.4 | 5.7 | 5.9 | 5.9 | 6.0 | 5.8 |
| Gross Domestic Capital Formation (per cent of GDP at current market price) | 35.8 | 35.8 | 36.2 | 35.4 | 36.3 | 36.3 | 36.6 | 36.0 |
| Gross Fixed Capital Formation (per cent of GDP at current market price) | 31.5 | 31.2 | 33.0 | 30.4 | 31.9 | 32.2 | 33.0 | 30.5 |
| Corporate profit after tax (growth rate in per cent)* | 24.5 | 24.5 | 32.0 | 17.0 | 31.5 | 31.5 | 38.0 | 25.0 |
| USD/INR (RBI reference rate- end period) | 39.1 | 39.0 | 40.5 | 38.0 | 38.8 | 38.8 | 40.0 | 37.2 |
| Repo Rate (end period) | 7.65 | 7.75 | 8.00 | 7.25 | 7.61 | 7.75 | 8.00 | 7.25 |
| Reverse Repo Rate (end period) | 5.90 | 6.00 | 6.00 | 5.50 | 5.92 | 6.00 | 6.00 | 5.50 |
| CRR (end period) | 7.34 | 7.50 | 8.00 | 6.75 | 7.39 | 7.50 | 8.00 | 6.75 |
| BSE INDEX (end period) | 19400 | 19400 | 22000 | 16800 | 19750 | 19750 | 22000 | 17500 |
| Export (US $ bn.) | 39.7 | 39.6 | 41.0 | 38.5 | 39.4 | 39.3 | 42.9 | 36.0 |
| Import (US $ bn.) | 59.4 | 59.0 | 64.0 | 55.5 | 62.6 | 62.0 | 71.4 | 55.0 |
| Trade Balance (US $ bn.) | -19.7 | -19.7 | -14.5 | -25.0 | -23.2 | -24.7 | -15.0 | -28.5 |
| *For all listed companies in BSE |