| Item |
Average 2003-04 to 2007-08
(5 years) |
Average 2009-10 to 2013-14
(5 years) |
2013-14 |
2014-15 |
2015-16 |
| 1 |
2 |
3 |
4 |
5 |
6 |
| I. Real Economy* |
|
|
|
|
|
| I.1 Real GDP at market prices (% change) |
8.8 |
7.0 |
6.6 |
7.2 |
7.6 |
| I.2 Real GVA at basic prices (% change)** |
8.7 |
6.7 |
6.3 |
7.1 |
7.2 |
| I.3 Foodgrains Production (Million tonnes) |
213.6 |
248.8 |
265.0 |
252.0 |
252.2 |
| I.4 a) Food Stocks (Million tonnes at end-March) |
18.6 |
50.1 |
49.5 |
41.3 |
43.6 |
| b) Procurement*** |
39.3 |
61.3 |
56.9 |
60.1 |
62.2 |
| c) Off-take |
41.5 |
57.0 |
59.8 |
56.0 |
63.7 |
| I.5 Index of Industrial Production (% change) |
11.2 |
3.5 |
-0.1 |
2.8 |
2.4 |
| I.6 Index of Eight Core Industries (% change) |
5.9 |
5.8 |
4.2 |
4.5 |
2.7 |
| I.7 Gross Domestic Saving Rate (% of GNDI at current prices) |
32.4 |
31.4 |
32.3 |
32.3 |
… |
| I.8 Gross Domestic Investment Rate (% of GDP at current prices) |
33.6 |
35.8 |
34.7 |
34.2 |
… |
| II. Prices |
|
|
|
|
|
| II.1 Consumer Price Index (CPI) Combined (average % change) |
... |
... |
9.4 |
5.8 |
4.9 |
| II.2 CPI- Industrial Workers (average % change) |
5.0 |
10.3 |
9.7 |
6.3 |
5.6 |
| II.3 Wholesale Price Index (average % change) |
5.5 |
7.1 |
6.0 |
2.0 |
-2.5 |
| III. Money and Credit |
|
|
|
|
|
| III.1 Reserve Money (% change) |
20.4 |
12.1 |
14.4 |
11.3 |
13.1 |
| III.2 Broad Money (M3) (% change) |
18.6 |
14.7 |
13.4 |
10.9 |
10.1 |
| III.3 a) Aggregate Deposits of Scheduled Commercial Banks (% change) |
20.2 |
15.0 |
14.1 |
10.7 |
9.3 |
| b) Bank Credit of Scheduled Commercial Banks (% change) |
26.7 |
16.7 |
13.9 |
9.0 |
10.9 |
| IV. Financial Markets |
|
|
|
|
|
| IV.1 Interest rates (%) |
|
|
|
|
|
| a) Call / Notice Money rate |
5.6 |
7.2 |
8.3 |
8.0 |
7.0 |
| b) 10 year G-Sec yield |
7.0 |
8.0 |
8.4 |
8.3 |
7.8 |
| c) 91-Days T-bill yield |
… |
… |
8.9 |
8.5 |
7.4 |
| d) Weighted Average cost of Central Government Borrowings |
… |
… |
8.4 |
8.5 |
7.9 |
| e) Commercial Paper |
7.7 |
8.4 |
9.3 |
8.8 |
8.1 |
| f) Certificate of Deposits# |
8.9 |
8.2 |
9.2 |
8.7 |
7.8 |
| IV.2 Liquidity (₹ billion) |
|
|
|
|
|
| a) LAF Outstanding~ |
… |
… |
-2,179.9 |
-1,938.8 |
-2,995.2 |
| b) MSS Outstanding~~ |
… |
… |
0.0 |
0.0 |
0.0 |
| c) Average Daily Call Money Market Turnover |
184.9 |
255.3 |
302.3 |
255.7 |
269.5 |
| d) Average Daily G-Sec Market Turnover## |
77.1 |
241.4 |
429.0 |
501.2 |
474.9 |
| e) Variable Rate Repo$ |
… |
… |
1,200.2 |
1,628.7 |
2,635.7 |
| f) MSF$ |
… |
… |
737.4 |
416.4 |
600.5 |
| V. Government Finances |
|
|
|
|
|
| V.1 Central Government Finances (% of GDP)@ |
|
|
|
|
|
| a) Revenue Receipts |
9.8 |
9.1 |
9.0 |
8.8 |
8.8 |
| b) Capital Outlay |
1.2 |
1.5 |
1.5 |
1.3 |
1.5 |
| c) Total Expenditure |
14.4 |
14.8 |
13.8 |
13.3 |
13.1 |
| d) Gross Fiscal Deficit |
3.6 |
5.3 |
4.5 |
4.1 |
3.9 |
| V.2 State Government Finances@@ |
|
|
|
|
|
| a) Revenue Deficit (% of GDP)$$ |
0.4 |
0.0 |
0.1 |
0.3 |
0.1 |
| b) Gross Fiscal Deficit (% of GDP)$$ |
2.7 |
2.2 |
2.2 |
2.4 |
3.3 |
| c) Primary Deficit (% of GDP)$$ |
0.3 |
0.6 |
0.7 |
1.0 |
1.8 |
| 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) |
2013-14 |
2014-15 |
2015-16 |
| 1 |
2 |
3 |
4 |
5 |
6 |
| VI. External Sector |
|
|
|
|
|
| VI.1 Balance of Payments |
|
|
|
|
|
| a) Merchandise Exports (% change) |
25.3 |
12.2 |
3.9 |
-0.6 |
-15.9 |
| b) Merchandise Imports (% change) |
32.3 |
9.7 |
-7.2 |
-1.0 |
-14.1 |
| c) Trade Balance/GDP (%) |
-5.4 |
-9.0 |
-7.9 |
-7.1 |
-6.3 |
| d) Invisible Balance/GDP (%) |
5.1 |
5.7 |
6.2 |
5.8 |
5.2 |
| e) Current Account Balance/GDP (%) |
-0.3 |
-3.3 |
-1.7 |
-1.3 |
-1.1 |
| f) Net Capital Flows/GDP (%) |
4.6 |
3.7 |
2.6 |
4.4 |
2.0 |
| g) Reserve Changes (BoP basis) (US $ billion) [Increase (-)/Decrease (+)] |
-40.3 |
-6.6 |
-15.5 |
-61.4 |
-17.9 |
| VI.2 External Debt Indicators |
|
|
|
|
|
| a) External Debt Stock (US$ billion) |
156.5 |
359.0 |
446.2 |
475.0 |
485.6 |
| b) Debt-GDP Ratio (%) |
17.7 |
20.7 |
23.8 |
23.8 |
23.7 |
| c) Import cover of Reserves (in Months) |
14.0 |
8.5 |
7.8 |
8.9 |
10.9 |
| d) Short-term Debt to Total Debt (%) |
13.6 |
21.3 |
20.5 |
18.0 |
17.2 |
| e) Debt Service Ratio (%) |
8.3 |
5.6 |
5.9 |
7.6 |
8.8 |
| f) Reserves to Debt (%) |
113.7 |
84.8 |
68.2 |
71.9 |
74.2 |
| VI.3 Openness Indicators (%) |
|
|
|
|
|
| a) Export plus Imports of Goods/GDP |
30.4 |
40.7 |
42.1 |
38.1 |
32.0 |
| b) Export plus Imports of Goods & Services/GDP |
40.8 |
52.8 |
54.5 |
49.8 |
43.5 |
| c) Current Receipts plus Current Payments/GDP |
46.6 |
58.9 |
61.0 |
56.0 |
49.4 |
| d) Gross Capital Inflows plus Outflows/GDP |
36.8 |
50.0 |
52.3 |
49.6 |
47.2 |
| e) Current Receipts & Payments plus Capital Receipts & Payments/GDP |
83.5 |
108.9 |
113.3 |
105.5 |
96.6 |
| VI.4 Exchange Rate Indicators |
|
|
|
|
|
| a) Exchange Rate (Rupee/US Dollar) |
|
|
|
|
|
| End of Period |
43.1 |
51.1 |
60.1 |
62.6 |
66.3 |
| Average |
44.1 |
51.2 |
60.5 |
61.1 |
65.5 |
| b) 36 - Currency REER (% change) |
3.1^ |
0.8 |
-2.2 |
5.5 |
2.9 |
| c) 36 - Currency NEER (% change) |
1.7^ |
-4.9 |
-7.7 |
2.4 |
0.9 |
| d) 6 - Currency REER (% change) |
4.4^^ |
1.9 |
-3.7 |
6.3 |
3.0 |
| e) 6 - Currency NEER (% change) |
1.6^^ |
-5.4 |
-10.4 |
1.2 |
-1.1 |
… : Not Available
* : I.1, I.2, I.7 and I.8 in column 2 and 3 pertains to base 2004-05; also, I.7 and I.8 in column 3 pertains to average of 2009-10 to 2012-13.
** : I.2 in column 2 and 3 pertain to real GVA at factor cost.
*** : Procurement of rice and wheat relates to respective marketing seasons.
# : Data for column 2 pertains to April 13, 2007 to March 28, 2008.
## : Outright trading turnover in central government dated securities (based on calendar days).
~ : LAF outstanding as on March 31 (negative means injection).
~~ : Outstanding as on last Friday of the financial year.
$ : Outstanding as on March 31.
@ : Central Government figures for 2014-15 are actuals and for 2015-16 are provisional accounts.
@@ : State Government figures for 2015-16 pertains to the revised estimates for 26 states.
$$ : Data for 2014-15 onwards are provisional and pertains to budgets of 26 states out of which 3 are Vote on Account.
^ : Average of period 2005-06 to 2007-08.
^^ : Pertains to end-March 2008.
Note : 1. In columns 4, 5 and 6 GDP and GVA data is based on new base: 2011-12.
2. Real Effective Exchange Rate (REER) are based on CPI (combined). |