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