Macro Economic Indicators
 
 
1994-95 P
1995-96 P
1996-97 QE
1997-98 AE
1998-99 AE
Real GDP          
(% change)
7.8
7.6
7.8
5.0
5.8
 
1994-95
1995-96
1996-97p
1997-98p
April-Dec 1998-99
          1997-98p  1998-99 p
Industrial Production

(% change)

            
General Index of Production (GIP)
8.4
12.7
5.6
6.6
6.7
3.8
Sector - based            
Classification            
- Mining & Quarrying
7.6
9.5
-1.9
5.9
5.5
-1.1
- Manufacturing
8.5
13.8
6.7
6.7
6.9
3.7
- Electricity
8.5
8.1
4.0
6.6
6.0
6.6
Use-based            
classification            
- Basic goods
8.9
10.7
3.1
6.5
6.8
1.4
- Capital goods
5.7
4.1
9.3
5.2
6.7
9.8
- Intermediate goods
5.3
19.1
8.1
8.1
9.0
4.7
- Consumer Goods
11.8
12.3
5.2
5.7
4.6
2.8

 
 
 
1994-95 
1995-96 P
1996-97 P
1997-98 E
1998-99 E
Agricultural production          
% Change
5.0
-2.7
9.2
-5.9
4.1

 
 

Domestic Saving and Investment
1994-95 P
1995-96 P
1996-97 QE*
1997-98 QE
Gross Domestic Savings Rate
24.2
24.1
24.4
23.1
(i) Household sector
19.3
17.4
18.8
18.3
(ii) Private Corporate sector
3.4
4.8
4.1
3.8
(iii) Public sector
1.5
1.9
1.5
1.0
(iv) Gross investment
25.4
25.8
25.7
24.8

 
 
Prices
1995-96
1996-97
1997-98
1998-99
1997-98
WPI (% Change)      
(Feb20)
(Feb 21)
(I) Financial Year Point to point
5.0
6.9
5.3
5.0
5.22
Average
7.8
6.4
4.9
6.82
4.58
Annual Point to Point      
5.14
4.73

 
 
       
Upto Jan 99
Foreign Trade #
1995-96
1996-97
1997-98 P
1997-98 P
1998-99 P
Export growth in US $ in Per Cent
20.8
5.3
1.5
-2.0
2.4
Import growth in US $ in Per Cent
28.0
6.7
4.2
5.0
6.2
Trade Balance

(US $ million)
-4880
-5662
-6799
-5579
-7794

 
 
Foreign Exchange Reserves
End-March
As on
(in $ million)
1996
1997
1998
5/3/99
6/3/98
Foreign Currency Assets (FCA)
17,044
22,367
25,975
27,865
24,025
Total Foreign Ex Reserve
21,687
26,423
29,367
30,844
27,442

 
Balance of Payment

(US $ million)
1993-94

P.A.
1994-95

P.A.
1995-96

P.A.
1996-97

Q.E
1997-98
`A. Current Account Balance
-1158
-3369
-5899
-4494
-6473
(as per cent of GDP)
-0.4
-1.1
-1.8
-1.2
-1.7
B. Capital Account of which,          
Foreign Investment, net 
4235
4807
4604
5838
4993
Total Capital Account
9695
9156
4678
11287
10984
C. Overall Balance
8537
5787
-1221
6793
4511

 
 
 
1996-97
1997-98
Financial Year
Annual Variation 
     
1998-99P

12/2/99
1997-98

13/2/98

  
Money Supply (M3)

(Rs.in crore)

 701848

(16.2)

 825389

(17.6)

 944123

(14.4)

 789334

(12.5)

 154789

(19.6)

 
 
 
Outstandings
Financial Year Variation
Fortnightly

Variation
 
1997-98
1998-99P

12/2/99
1997-98

13/2/98
1998-99

(4/12/98)
1997-98

(5/12/97)

  
Bank Credit

(Rs. in crore)
324079

(16.4)
349750

(7.9)
307986

(10.6)
25671
29585
-79

(0.00)
Non-Food Credit

(Rs. in crore)
311594

(15.1)
332637

(6.8)
295740

(9.2)
21043
24935
-135

(0.0)
Investment in Govt. Securities
186957

(17.7)
218188

(16.7)
181237

(14.1)
31231
22347
-1247

-(0.6)

E : Estimated, P : Provisional, A : Anticipated

QE : Quick Estimates, PA : Preliminary Actual

Figures in brackets are percentage variations over the previous years

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