| Item |
Average 2003-04
to 2007-08
(5 years) |
Average 2009-10
to 2013-14
(5 years) |
2012-13 |
2013-14 |
2014-15 |
| 1 |
2 |
3 |
4 |
5 |
6 |
| I. Real Economy |
|
|
|
|
|
| I.1 Real GDP at market prices (% change) |
8.8 |
7.0 |
5.1 |
6.9 |
7.3 |
| I.2 Real GVA at basic prices (% change) |
8.7 |
6.7 |
4.9 |
6.6 |
7.2 |
| I.3 Foodgrains Production (Million tonnes) |
213.6 |
248.8 |
257.1 |
265.0 |
252.7 |
| I.4 a) Food Stocks (Million tonnes at end-March) |
18.6 |
50.1 |
59.8 |
49.5 |
41.3 |
| b) Procurement# |
39.3 |
61.3 |
72.2 |
56.9 |
58.0 |
| c) Off-take |
41.5 |
57.0 |
65.9 |
59.8 |
56.0 |
| I.5 Index of Industrial Production (% change) |
11.2 |
3.5 |
1.1 |
-0.1 |
2.8 |
| I.6 Index of Eight Core Industries (% change) |
5.9 |
5.8 |
6.5 |
4.2 |
3.8 |
| I.7 Gross Domestic Saving Rate (% of GNDI at current prices) |
32.4 |
31.4$ |
31.1 |
30.0 |
... |
| I.8 Gross Domestic Investment Rate (% of GDP at current prices) |
33.6 |
35.8$ |
36.6 |
32.3 |
... |
| II. Prices |
|
|
|
|
|
| II.1 Consumer Price Index (CPI) Combined (Average % Change) |
... |
... |
10.2 |
9.5 |
5.9 |
| II.2 CPI- Industrial Workers (average % change) |
5.0 |
10.3 |
10.4 |
9.7 |
6.3 |
| II.3 Wholesale Price Index (average % change) |
5.5 |
7.1 |
7.4 |
6.0 |
2.0 |
| III. Money and Credit |
|
|
|
|
|
| III.1 Reserve Money (% change) |
20.4 |
12.1 |
6.2 |
14.4 |
11.3 |
| III.2 Broad Money (M3) (% change) |
18.6 |
14.7 |
13.6 |
13.4 |
10.8 |
| III.3 a) Aggregate Deposits of Scheduled Commercial Banks (% change) |
20.2 |
15.0 |
14.2 |
14.1 |
10.7 |
| b) Bank Credit of Scheduled Commercial Banks (% change) |
26.7 |
16.7 |
14.1 |
13.9 |
9.0 |
| IV. Financial Markets |
|
|
|
|
|
| IV.1 Interest rates (%) |
|
|
|
|
|
| a) Call / Notice Money rate |
5.6 |
7.2 |
8.1 |
8.3 |
8.0 |
| b) 10 year G-Sec yield |
7.0 |
8.0 |
8.2 |
8.4 |
8.3 |
| c) 91-Days T-bill yield |
|
|
8.2 |
8.9 |
8.5 |
| d) Weighted Average cost of Central Government Borrowings |
|
|
8.4 |
8.4 |
8.5 |
| e) Commercial Paper |
7.7 |
8.4 |
9.2 |
9.3 |
8.8 |
| f) Certificate of Deposits## |
8.9 |
8.2 |
9.0 |
9.2 |
8.7 |
| IV.2 Liquidity (₹ billion) |
|
|
|
|
|
| a) LAF Outstanding~ |
... |
... |
-1,236.4 |
-2,179.9 |
-1,938.8 |
| b) MSS Outstanding~~ |
... |
... |
0.0 |
0.0 |
0.0 |
| c) Average Daily Call Money Market Turnover |
184.9 |
255.3 |
323.6 |
302.3 |
255.7 |
| d) Average Daily G-Sec Market Turnover$$ |
77.1 |
241.4 |
325.1 |
429.0 |
501.2 |
| e) Variable Rate Repo* |
|
|
|
1,200.2 |
1,628.7 |
| f) MSF* |
|
|
70.0 |
737.4 |
416.4 |
| V. Government Finances |
|
|
|
|
|
| V.1 Central Government Finances (% of GDP)@ |
|
|
|
|
|
| a) Total Revenue Receipts |
9.8 |
9.0 |
8.8 |
8.9 |
8.8 |
| b) Capital Outlay |
1.6 |
1.5 |
1.5 |
1.5 |
1.3 |
| c) Total Expenditure |
14.7 |
14.7 |
14.1 |
13.7 |
13.1 |
| d) Gross Fiscal Deficit |
3.6 |
5.3 |
4.9 |
4.4 |
4.0 |
| V.2 State Finances@@ |
|
|
|
|
|
| a) Revenue Deficit (% of GDP)** |
0.4 |
0.0 |
-0.2 |
0.1 |
0.1 |
| b) Gross Fiscal Deficit (% of GDP)** |
2.7 |
2.2 |
2.0 |
2.2 |
2.9 |
| c) Primary Deficit (% of GDP)** |
0.3 |
0.6 |
0.5 |
0.7 |
1.3 |
| 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) |
2012-13 |
2013-14 |
2014-15 |
| 1 |
2 |
3 |
4 |
5 |
6 |
| VI. External Sector |
|
|
|
|
|
| VI.1 Balance of Payments |
|
|
|
|
|
| a) Merchandise Exports (% change) |
25.3 |
12.2 |
-1.0 |
3.9 |
-0.6 |
| b) Merchandise Imports (% change) |
32.3 |
9.7 |
0.5 |
-7.2 |
-1.1 |
| c) Trade Balance/GDP (%) |
-5.4 |
-8.9 |
-10.7 |
-7.9 |
-7.0 |
| d) Invisible Balance/GDP (%) |
5.1 |
5.7 |
5.9 |
6.1 |
5.7 |
| e) Current Account Balance/GDP (%) |
-0.3 |
-3.2 |
-4.8 |
-1.7 |
-1.3 |
| f) Net Capital Flows /GDP (%) |
4.6 |
3.7 |
4.9 |
2.6 |
4.4 |
| g) Reserve Changes (BoP basis) (US $ billion) [(Increase (-)/Decrease (+)] |
-40.3 |
-6.6 |
-3.8 |
-15.5 |
-61.4 |
| VI.2 External Debt Indicators |
|
|
|
|
|
| a) External Debt Stock (US$ billion) |
156.5 |
359.0 |
409.4 |
446.3 |
475.8 |
| b) Debt-GDP Ratio (%) |
17.7 |
20.9 |
22.3 |
23.6 |
23.8 |
| c) Import cover of Reserves (in Months) |
14.0 |
8.5 |
7.0 |
7.8 |
8.9 |
| d) Short-term Debt to Total Debt (%) |
14.8 |
21.4 |
23.6 |
20.5 |
17.8 |
| e) Short-term Debt to Total Debt (%) (residual maturity) |
37.6^^ |
41.9 |
44.2 |
39.6 |
38.9 |
| f) Debt Service Ratio (%) |
8.3 |
5.6 |
5.9 |
5.9 |
7.5 |
| g) Reserves to Debt (%) |
116.9 |
82.1 |
71.3 |
68.2 |
71.8 |
| VI.3 Openness Indicators (%) |
|
|
|
|
|
| a) Export plus Imports of Goods/GDP |
30.4 |
40.2 |
44.1 |
41.9 |
37.9 |
| b) Export plus Imports of Goods & Services/GDP |
40.8 |
52.2 |
56.4 |
54.1 |
49.4 |
| c) Current Receipts plus Current Payments/GDP |
46.6 |
58.3 |
62.6 |
60.6 |
55.4 |
| d) Gross Capital Inflows plus Outflows/GDP |
36.8 |
49.5 |
46.5 |
52.0 |
49.1 |
| e) Current Receipts & Payments plus Capital Receipts & Payments /GDP |
83.5 |
107.7 |
109.1 |
112.6 |
104.4 |
| VI.4 Exchange Rate Indicators |
|
|
|
|
|
| a) Exchange Rate (Rupee/US Dollar) |
|
|
|
|
|
| End of Period |
43.1 |
51.1 |
54.4 |
60.1 |
62.6 |
| Average |
44.1 |
51.2 |
54.4 |
60.5 |
61.1 |
| b) 36 - Currency REER (% change) |
3.1^ |
0.8 |
-4.3 |
-2.2 |
5.5 |
| c) 36 - Currency NEER (% change) |
1.7^ |
-4.9 |
-10.4 |
-7.7 |
2.4 |
| d) 6 - Currency REER (% change) |
4.4^ |
1.8 |
-3.3 |
-3.7 |
6.4 |
| e) 6 - Currency NEER (% change) |
1.6^ |
-5.4 |
-10.5 |
-10.4 |
1.3 |
... : Not Available. $ : Average of four years.
$$ : Outright trading turnover in Central government dated securities (based on calender days).
# : Procurement of rice and wheat is based on respective marketing years.
## : Data for “Column 2” pertains to April 13, 2007 to March 28, 2008
~ : LAF outstanding as on March 31 (negative means injection).
~~ : Outstanding as on last Friday of the financial year.
* : Outstanding as on March 31.
** : Data from 2013-14 onwards are provisional and pertain to budgets of 25 states.
@ : Central Government figures for 2014-15 pertain to provisional accounts.
@@ : State Government figures for 2014-15 pertain to revised estimates.
^ : Average of period 2005-06 to 2007-08.
^^ : Pertains to end-March 2008.
Note : 1. In columns 2 and 3, GDP is based on the old series i.e., base: 2004-05; in other columns, the new series of GDP i.e., base: 2011-12 is
used.
2. Real Effective Exchange Rate (REER) are based on CPI. |