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    Indian Economy - Website - Aug 9 2022

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    vinay jod
    India's macroeconomic indicators show mixed performance in recent years: - GDP growth rebounded to 8.7% in 2021-22 after contracting -6.6% during the COVID-19 pandemic in 2020-21, though growth is expected to slow in 2022-23. - Inflation rates have risen significantly, with WPI inflation reaching 15.2% in June 2022 due to high commodity prices. - The trade deficit has widened substantially as imports grew faster than exports, reaching $190.7 billion in 2021-22. - Foreign exchange reserves remain healthy at over $570 billion, but the current account deficit widened to -1.2% of GDP in 2021

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    Indian Economy - Website - Aug 9 2022

    Uploaded by

    vinay jod
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    India's macroeconomic indicators show mixed performance in recent years: - GDP growth rebounded to 8.7% in 2021-22 after contracting -6.6% during the COVID-19 pandemic in 2020-21, though growth is expected to slow in 2022-23. - Inflation rates have risen significantly, with WPI inflation reaching 15.2% in June 2022 due to high commodity prices. - The trade deficit has widened substantially as imports grew faster than exports, reaching $190.7 billion in 2021-22. - Foreign exchange reserves remain healthy at over $570 billion, but the current account deficit widened to -1.2% of GDP in 2021

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    Indian Economy_website_Aug 9 2022

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    India's macroeconomic indicators show mixed performance in recent years: - GDP growth rebounded to 8.7% in 2021-22 after contracting -6.6% during the COVID-19 pandemic in 2020-21, though growth is expected to slow in 2022-23. - Inflation rates have risen significantly, with WPI inflation reaching 15.2% in June 2022 due to high commodity prices. - The trade deficit has widened substantially as imports grew faster than exports, reaching $190.7 billion in 2021-22. - Foreign exchange reserves remain healthy at over $570 billion, but the current account deficit widened to -1.2% of GDP in 2021

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    7 views1 page

    Indian Economy - Website - Aug 9 2022

    Uploaded by

    vinay jod
    India's macroeconomic indicators show mixed performance in recent years: - GDP growth rebounded to 8.7% in 2021-22 after contracting -6.6% during the COVID-19 pandemic in 2020-21, though growth is expected to slow in 2022-23. - Inflation rates have risen significantly, with WPI inflation reaching 15.2% in June 2022 due to high commodity prices. - The trade deficit has widened substantially as imports grew faster than exports, reaching $190.7 billion in 2021-22. - Foreign exchange reserves remain healthy at over $570 billion, but the current account deficit widened to -1.2% of GDP in 2021

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    INDIA'S MACROECONOMIC INDICATORS

    INDICATORS 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23


    GDP (at current prices, US$ bn) f f f
    2148.4 2291.6 2625.1 2763.0 2851.4 2671.8 3198.3 3453.1
    GDP Per capita (US$) 1639.8 1730.1 1961.0 2042.7 2086.7 1936.1f 2294.2f 2452.1f
    Real GDP Growth (%) re pe
    8.0 8.3 6.8 6.5 3.7 -6.6 8.7 -
    Agriculture & allied activities re pe
    0.7 6.8 6.6 2.1 5.5 3.3 3.0 -
    Industry 9.6 7.7 5.9 5.3 -1.4 -3.3 re 10.3 pe -
    Services re pe
    9.4 8.5 6.3 7.2 6.3 -7.8 8.4 -
    Sectoral Share in GDP (%)
    Agriculture & allied activities re pe
    17.7 18.1 18.3 17.6 18.3 20.0 18.6 -
    Industry re pe
    30.0 29.3 29.2 29.0 26.9 26.9 28.7 -
    Services re pe
    52.3 52.6 52.5 53.4 54.8 53.1 52.7 -
    Population (mn) f f
    1310.2 1324.5 1338.7 1352.6 1366.4 1380.0 1394.1 1408.3
    Inflation rate (CPI, annual avg. %) 4.9 4.5 3.6 3.4 4.8 6.2 5.5 7.0 (Jun'22)
    Inflation rate (WPI, annual avg. %) -3.7 1.7 2.9 4.3 1.7 1.3 13.0 15.2 (Jun'22)
    Index of Industrial Production (IIP,
    3.3 4.6 4.4 3.8 -0.8 -8.5 11.4 19.6 (May'22)
    annual avg. %)
    Gross Fiscal Deficit (% of GDP) be
    3.9 3.5 3.5 3.4 4.6 9.2 6.7 6.4
    Exchange Rate (`/US$, avg.) 65.5 67.1 64.5 69.9 70.9 74.2 74.5 79.4 (Jul 29, '22)
    Exchange Rate (`/€, avg.) 72.3 73.6 75.4 80.9 78.8 86.7 86.6 81.2 (Jul 29, '22)
    Exports (US$ bn) 262.3 275.9 303.5 330.1 313.4 291.8 421.9 121.2 (Apr-Jun)
    % change -15.5 5.2 10.0 8.8 -5.1 -6.9 44.6^ 26.8^
    Oil Exports (US$ bn) 30.6 31.5 37.5 46.6 41.3 25.8 67.5 27.1 (Apr-Jun)
    % change -46.1 3.1 18.8 24.3 -11.3 -37.5 161.6^ 110.1^
    Non-oil Exports (US$ bn) 231.7 244.3 266.0 283.5 272.1 266.0 354.4 94.1 (Apr-Jun)
    % change -8.6 5.4 8.9 6.6 -4.0 -2.2 33.2^ 13.8^
    Imports (US$ bn) 381.0 384.4 465.6 514.1 474.7 394.4 612.6 190.2 (Apr-Jun)
    % change -15.0 0.9 21.1 10.4 -7.7 -16.9 55.3^ 49.8^
    Oil Imports (US$ bn) 82.9 87.0 108.7 140.9 130.6 82.7 161.8 60.9 (Apr-Jun)
    % change -40.0 4.8 24.9 29.7 -7.4 -36.7 95.6^ 97.0^
    Non-oil Imports (US$ bn) 298.1 297.4 356.9 373.2 344.2 311.7 450.8 129.3 (Apr-Jun)
    % change -3.8 -0.2 20.0 4.6 -7.8 -9.4 44.6^ 34.6^
    Trade Balance (US$ bn) -118.7 -108.5 -162.1 -184.0 -161.3 -102.6 -190.7 -67.0 (Apr-Jun)
    Services Exports (US$ bn) 154.3 163.1 195.1 208.0 213.2 206.1 254.5 71.0 (Apr-Jun)
    Software Exports (US$ bn) 76.6 76.3 79.8 86.3 96.1 100.0 122.1 -
    Services Imports (US$ bn) 84.6 95.7 117.5 126.1 128.3 117.5 147.0 45.4 (Apr-Jun)
    Services Balance (US$ bn) 69.7 68.3 77.6 81.9 84.9 88.6 107.5 25.6 (Apr-Jun)
    Current Account Balance (US$ bn) -22.1 -14.4 -48.7 -57.2 -24.6 24.0 -38.7 -
    CAB as percentage of GDP (%) -1.1 -0.6 -1.9 -2.1 -0.9 0.9 -1.2 -
    Forex Reserves (US$ bn) 360.2 370.0 424.5 412.9 477.8 577.0 607.3 571.6 (Jul 22, '22)
    External Debt (US$ bn) 484.8 471.5 529.7 543.1 558.4 573.7 620.7 -
    External Debt to GDP Ratio (%) 23.4 20.0 20.5 19.8 20.6 21.2 19.9 -
    Short Term Debt (US$ bn) 83.4 88.0 102.2 108.4 106.9 101.1 106.9 -
    Short Term Debt / Total Debt (%) 17.2 18.7 19.3 20.0 19.1 17.6 19.6 -
    Total Debt Service Ratio (%) 8.8 8.3 7.5 6.4 6.5 8.2 5.2 -
    General Government Debt (% of GDP) 68.6 68.8 69.8 70.8 73.7 74.0 70.5 -
    FDI (US$ bn) 55.6 60.2 61.0 62.0 74.4 82.0 84.8 16.4 (Apr-May)
    GDRs/ADRs (US$ bn) 0.4 - - 1.8 - - - -
    FIIs (net) (US$ bn) -4.0 7.8 22.2 -2.2 0.6 38.7 -14.1 -8.5
    FDI Outflows (US$ bn)* 8.9 6.6 9.1 12.6 13.0 11.0 17.6 1.5 (Apr-May)
    Note: be - GOI's budget estimates; re - GOI's revised estimates; pe - GOI's provisional estimates; f- IIF forecast; - Nil/Not Available; * FDI Outflows account for
    equity capital, reinvested earnings and repatriation/disinvestment. They do not include loans or guarantees issued; ^ - growth over the corresponding
    period.
    Source: Institute of International Finance (IIF); Union Budget; RBI Monthly Bulletin, Annual Report & Weekly Statistical Supplement; Ministry of Finance;
    Ministry of Statistics and Programme Implementation; Ministry of Commerce & Industry.
    Updated on Aug 9, 2022

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