India's Monthey Economic Report Jan07

Ministry of Finance Department of Economic Affairs Economic Division 8(2)/Ec. Dn./2007 MONTHLY ECONOMIC REPORT JANUARY, 2007 HIGHLIGHTS • • • • • • • • • • • • • The overall growth of GDP during 2006-07 (as per the Advance Estimates of CSO) has been placed 9.2 per cent. The Winter season rainfall from January l, 2007 to February 7, 2007 was normal/excess in 6 per cent of meteorological sub-divisions. Food grain stocks were 17.65 million tonnes as on December 1, 2006. Overall industrial growth was 10.8 per cent during April-December, 2006 as compared with 8.0 per cent in April-December, 2005. Core infrastructure sectors achieved an average growth rate of 8.3 per cent during AprilDecember, 2006 as compared with 5.5 per cent in April-December, 2005. Broad Money (M3) growth (year-on-year) was 21.1 per cent as on January 19, 2007 as compared with 15.6 per cent last year. Exports grew by 36.27 per cent in dollar terms during April-December, 2006. Imports increased by 36.30 per cent in April-December, 2006. Forex reserves (excluding Gold and SDRs) stood at $173.08 billion at the end of January, 2007. Rupee appreciated against US Dollar, Pound Sterling, Japanese Yen and Euro in January, 2007. The annual inflation rate in terms of WPI (Base 1993-94=100) was 6.58 per cent for the week ended January 27, 2007 as compared with 4.04 per cent a year ago. Tax revenue (net to Centre) during April-December, 2006 was higher by 37.6 per cent compared with an increase of 19.4 per cent in corresponding period last year. In terms of value, Fiscal deficit during April-December, 2006 was lower by 12.4 per cent over corresponding period last year. In terms of value, Revenue deficit during April-December, 2006 was lower by 16.2 per cent over corresponding period last year. (M. C. Singhi) Adviser 2 Economic growth As per the Quick Estimates released by the Central Statistical Organisation, the economic growth is estimated at 9.0 per cent in 2005-06. The overall growth of GDP during 2006-07 (as per the Advance Estimates of CSO) has been placed 9.2 per cent. At disaggregated level the growth during 2006-07 was 2.7 per cent in Agriculture, 10.0 per cent in Industry and 11.2 per cent in Services as compared 6.0 per cent, 9.6 per cent and 9.8 per cent respectively during 2005-06. Growth of GDP at factor cost by Economic Activity (at constant 1999-2000 prices) Industry 2003-04 1 Agriculture, forestry & fishing 2 Industry a Mining & quarrying b Manufacturing c Electricity, gas & water supply d Construction 3 Services a Trade, hotels, transport & communication b Financing,insurance,real estate&business services c Community, social & personal services 4 GDP at factor cost 10.0 7.4 3.1 6.6 4.8 12.0 8.5 12.1 5.6 5.4 8.5 Growth 2004-05 (P) 0.0 9.8 7.5 8.7 7.5 14.1 9.6 10.9 8.7 7.9 7.5 Percentage share in GDP 2005-06 (Q) 19.7 26.2 2.1 15.1 2.2 6.8 54.1 26.1 13.8 14.2 100.0 2006-07 (A) 18.5 26.4 2.0 15.4 2.2 6.8 55.1 27.0 14.0 14.1 100.0 2005-06 2006-07 2003-04 2004-05 (Q) (A) (P) 6.0 9.6 3.6 9.1 5.3 14.2 9.8 10.4 10.9 7.7 9.0 2.7 10.0 4.5 11.3 7.7 9.4 11.2 13.0 11.1 7.8 9.2 21.7 25.6 2.2 15.0 2.3 6.1 52.7 25.0 13.4 14.3 100.0 20.2 26.1 2.2 15.1 2.3 6.5 53.7 25.8 13.5 14.4 100.0 (P) Provisional, (Q): Quick estimates (A) Advance estimates 3 AGRICULTURE WINTER SEASON RAINFALL* In the winter season (January-February), the rainfall from January 1, 2007 to February 7, 2007 was normal/excess in 2 meteorological sub-divisions (6 per cent) and deficient/scanty in the remaining 34 (94 per cent). The annual average for 2002-2006 was normal/excess in 14 (39 per cent) meteorological sub-divisions and deficient/scanty in the remaining 22 (61 per cent). Number of Meteorological Sub-divisions 2003 2004 2005 2006 2002-2006+ 12 19 24 2 14 24 17 12 34 22 36 36 36 36 36 + Annual Average Excess/Normal Deficient/Scanty/Nil Total (October- December) 2002 13 23 36 2007 2 34 36 PROCUREMENT Wheat procurement as on December 31, 2006 in the current marketing year (i.e. 2006-07) declined by 37.7 per cent at 9.22 million tonnes as compared with 14.79 million tonnes in the corresponding period of 2005-06. Procurement of rice during the marketing year 2006-07 (as on December 31, 2006) at 12.87 million tonnes was declined by 3.5 per cent than the level of 13.34 million tonnes during the corresponding period of 2005-06. Full Marketing Year 2003-04 2004-05 2005-06 Million Tonnes 3 4 5 22.83 24.68 28.03 15.80 16.80 14.79 38.63 41.48 42.82 As on 31 December 2005 2006 6 13.34 14.79 28.13 7 12.87 9.22 22.09 % change Col. 7/Col.6 8 -3.5 -37.7 -21.5 2002-03 1 Rice(Oct-Sept.) Wheat(Apr-Mar) Total 2 16.41 19.06 35.47 OFF-TAKE Off-take from the Public Distribution System from Central Pool during April-November, 2006 was 23.44 million tonnes as against 27.56 million tonnes during April-November, 2005. 2003-04(P) 1 Rice Wheat Total P : Provisional 2 25.04 24.29 49.33 2004-05(P) 3 23.20 18.27 41.47 2005-06(P) 4 24.74 17.16 41.90 Million Tonnes April-November 2005 2006 5 6 16.10 15.83 11.46 7.61 27.56 23.44 4 STOCKS Stocks of foodgrains as on December 1, 2006 was 17.65 million tonnes, which was lower by 5.9 per cent than the level of 18.76 million tonnes as on December 1, 2005. As on December 1 Rice Wheat Total 2005 11.13 7.63 18.76 2006 12.06 5.59 17.65 Stocks, Procurement and Off-Take of Foodgrains 60 50 Million Tonnes 40 30 20 10 0 Procurement as on December 31 Off-take during April-November 2005-06 2006-07 Stocks as on December 1 28.13 22.09 27.56 23.44 18.76 17.65 [Rice–Kharif marketing year (October-September)] [Wheat – Rabi marketing year (April-March)] INDEX OF INDUSTRIAL PRODUCTION The overall growth rate of index of industrial production (IIP) during April-December, 2006 was 10.8 percent as compared to 8.0 percent in April-December, 2005. The growth rate achieved by the mining, manufacturing and electricity sectors during April-December, 2006 was 3.9 percent, 11.8 percent and 7.5 percent respectively as compared to 0.5 percent, 9.0 percent and 4.8 percent during corresponding period last year. As per the use-based classification, growth rate in production, in April-December, 2006 of basic goods, capital goods and intermediate goods showed higher growth whereas consumer goods registered lower growth as compared to April-December, 2005. 5 (PERCENTAGE CHANGE IN SECTORWISE INDEX OF INDUSTRIAL PRODUCTION (Base: 1993-94=100) 2004-05 General Mining Manufacturing Electricity Use-Based Classification Basic goods Capital goods Intermediate goods Consumer goods Of which Consumer durables Consumer non-durables 14.4 10.8 14.9 11.1 12.0 6.0 3.3 8.7 13.9 12.0 11.4 8.9 5.5 13.9 6.1 11.7 6.6 15.8 2.4 12.0 5.7 12.9 0.9 7.3 11.7 20.2 11.2 7.4 6.1 15.7 2.3 12.5 9.7 17.5 11.1 9.5 8.4 4.4 9.2 5.2 2005-06 8.1 0.9 9.1 5.2 Dec '05 5.7 -0.1 6.4 3.4 Dec '06 11.1 3.8 11.9 9.3 April-December 2005-06 2006-07 8.0 10.8 0.5 9.0 4.8 3.9 11.8 7.5 Sectorwise Industrial Production Growth in Per cent 20.0 15.0 Per cent 10.0 5.0 0.5 0.0 Mining Manufacturing April-December, 2005 April-December, 2006 Electricity General 3.9 9.0 4.8 11.8 7.5 8.0 10.8 6 INFRASTRUCTURE The six core infrastructure industries registered a growth of 8.3 per cent during AprilDecember, 2006 as compared to 5.5 per cent in corresponding period last year. PRODUCTION IN INFRASTRUCTURE INDUSTRIES December Industry/Infrastructure Coal Electricity Generation Crude petroleum Petroleum Products Finished steel Cement Average growth rate* Unit Mn tonnes Mn Gwh 000 tonnes 000 tonnes 000 tonnes 000 tonnes Full Yr. 2005-06 401.5 617382 32196 120747 42650 147806 5.0 April-December 2005-06 282.4 458798 24033 88707 32491 106830 2006-07 295.2 493349 25484 99899 35650 117368 - 2005 38.4 52257 2642 10754 3961 12968 7.5 2006 39.5 57026 2923 11406 4346 13960 8.3 % Change April-December 2005-06 2006-07 6.2 4.5 4.8 -6.0 0.5 10.7 10.9 5.5 7.5 6.0 12.6 9.7 9.9 8.3 * Weights as in IIP (Base: 1993-94) : Coal (3.2), Electricity generation (10.2), Crude oil (4.2), Refinery throughput (2.0), Finished Steel (5.1) and Cement (2.0). Performance of Basic Infrastructure Industries (Growth in Per cent) 20.0 12.6 10.0 Per cent 4.8 7.5 10.9 9.9 10.7 9.7 6.2 4.5 6.0 0.5 0.0 Electricity Coal Crude Petro. -6.0 -10.0 April-December, 2005 April-December, 2006 Petroleum Products Cement Steel 7 MONEY AND BANKING During the current financial year 2006-07, broad money stock (M3) (up to January 19, 2007) increased by 12.5 per cent as compared with the growth rate of 8.7 per cent registered during the corresponding period of the last year. The year-on-year growth, as on January 19, 2007, was 21.1 per cent as compared with 15.6 per cent on the corresponding date of last year. Net foreign exchange assets (NFA) of banking sector (up to January 19, 2007) registered an increase of 15.1 per cent as compared with 1.2 per cent in the same period last year. The annual growth rate of NFA, as on January 19, 2007, was 27.4 per cent as against 9.4 per cent on the corresponding date of last year. Items Outstanding as on ( Rs. crore) March 31, 2006 2729535 413143 405224 1904290 6879 769093 8136 760956 1690961 726194 8754 465466 Jan. 19, 2007 3071706 471845 397986 2196166 5709 809362 12242 797120 1963318 835577 8054 544604 % Variations Financial year so far 2005-06 2006-07 8.7 13.7 5.8 8.4 -27.5 4.5 -2.7 16.2 1.2 16.3 13.7 12.5 14.2 -1.8 15.3 -17.0 5.2 4.8 16.1 15.1 -8.0 17.0 Year-on-year 2006 15.6 16.3 28.9 13.4 -16.8 2.7 1.0 26.6 9.4 16.5 15.0 2007 21.1 16.9 17.1 22.8 24.6 3.4 5.5 26.9 27.4 -7.0 19.0 M3(I+II+III+IV) I. Currency with the public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI Sources (1+2+3+4-5) 1. Net bank credit to Govt. (A+B) A. RBI’s net credit to Govt. B. Other bank credit to Govt. 2. Bank credit to commercial sector 3. Net foreign exchange assets of banking sector 4. Government’s currency liabilities to the public 5. Banking sector’s net non-monetary liabilities other than time deposits Scheduled Commercial Banks (SCBs) : Business in India During the current financial year (up to January 19, 2007) incremental gross bank credit increased by 17.2 per cent as compared with a growth of 18.2 per cent in the same period of the previous year. The year-on-year growth of gross bank credit as on January 19, 2007 was 29.7 per cent as against 30.1 per cent on the corresponding date of last year. Non-Food credit during the financial year so far (up to January 19, 2007), registered an increase of 17.7 per cent as compared with an increase of 19.0 per cent during the same period of the last year. The year-on-year growth rate of non-food credit was 30.3 per cent as compared with 31.6 per cent on the corresponding date of last year. 8 The year-on-year growth of time deposits with SCBs as on January 19, 2007 was 23.7 per cent as compared with 14.8 per cent on the corresponding date of last year. Items Outstanding as on ( Rs. Crore) Mar. 31, 2006 1. Bank credit Food credit Non-Food credit 2. Aggregate deposit Demand deposit Time deposits 3. Investments in Govt. and other approved securities Government securities Other approved securities 700742 16713 737496 21795 1507077 40691 1466386 2109049 364640 1744409 717455 % Variations Financial year so far 2005-06 2006-07 18.2 -4.2 19.0 9.0 5.7 9.6 -3.4 17.2 1.3 17.7 13.3 -2.2 16.5 5.8 Year-on-year 2006 2007 30.1 -7.4 31.6 17.1 30.8 14.8 0.5 29.7 7.5 30.3 22.8 18.0 23.7 6.1 Jan. 19, 2006 1766491 41210 1725281 2389109 356701 2032408 759291 -3.2 -10.0 5.2 30.4 0.9 -13.6 5.8 21.0 INTEREST RATES (PER CENT PER ANNUM) As on January 19, 2007 Bank Rate was 6.00 per cent, which is the same as on the corresponding date of last year. Call money rates (borrowing) were in the range of 5.80/8.70 per cent as compared with 4.50/7.95 per cent on the corresponding date of last year. Item/week ended Bank Rate IDBI1 Prime Lending Rate2 Deposit Rate3 Call Money Rate4(Low/High) Borrowings Lending 2006 January 20 6.00 10.25 10.25-10.75 5.50-6.50 4.50/7.95 4.50/7.95 2007 January 19 6.00 10.25 11.50/12.00 7.25-8.50 5.80/8.70 5.80/8.70 1. Minimum Term Lending Rate (MTLR) 2. Prime Lending Rate relates to five major Banks 3. Deposit Rate relates to major banks for term deposits of more than one-year maturity. 4. Call money rates are based on data covering 90-95 per cent of total transactions reported by major participants. 9 FOREIGN TRADE Exports, in dollar terms, during April-December, 2006 increased by 36.27 percent. Imports increased by 36.30 percent. Oil imports increased by 39.23 percent and Non-oil imports increased by 18.67 per cent. Million US Dollar % Change April-December 2006-07 36.27 36.30 39.23 18.67 36.37 April-December (P) Item Exports Imports POL Non-POL Trade Balance 2004-05(P) 80672 106631 29858 76772 -25959 2005-06 (P) 100607 140238 43844 96393 -39631 2005-06 65668 96264 31471 73648 -30596 2006-07 89489 131212 43817 87396 -41723 Source: Data for April-December, 2006 are as per the press note of the Ministry of Commerce and Industry. FOREIGN EXCHANGE RESERVES (EXCLUDING GOLD & SDRs) Amount Rs.Crore At the end of March, 1998 March, 1999 March, 2999 March, 2001 March, 2002 March, 2003 March, 2004 March, 2005 March, 2006 2006-2007 April May June July August September October November December January* 102507 125412 152924 184482 249118 341476 466215 593121 647327 690730 724648 718701 731354 739857 727733 723332 750168 752739 764501 $ Million 25975 29522 35058 39554 51049 71890 107448 135571 145108 153598 156073 155968 157247 158938 158340 160669 167598 170187 173081 Variation Rs.Crore $ Million (over last year) 22139 3608 22905 3547 27512 5536 31558 4496 64636 11495 92358 20841 124739 35558 126906 28123 54206 9537 (over last month) 43403 8490 33918 2475 -5947 -105 12653 1279 8503 1691 -12124 -598 -4401 2329 26836 6929 2571 2589 11762 2894 * Provisional Source : RBI. 10 EXTERNAL ASSISTANCE AND DEBT SERVICE PAYMENTS Gross external aid during April-January, 2006-07 at Rs 13355 crore was 7.3 percent lower than that of Rs 14413 crore in April-January, 2005-06. Net disbursements were Rs 5984 crore as compared with Rs. 7167 crore during same period last year. Net aid transfers were Rs 2284 crore as compared with Rs 4134 crore during corresponding period last year. EXTERNAL ASSISTANCE AND DEBT SERVICE PAYMENTS* Receipts 2005-06 2006-07 External Assistance Govt A/C External Assistance – Non-Govt A/C Govt. Grant Non-Govt Grant Grand Total Net Disbursement Net Transfers * April-January 10944 1322 2101 46 14413 7167 4134 10719 664 1904 68 13355 5984 2284 Repayment of Principal 2005-06 2006-07 5900 1346 7246 6579 792 7371 (Rs crore) Payment of Interest 2005-06 2006-07 2566 467 3033 3128 572 3700 - Rupees Per Unit of Foreign Currency The average market exchange rate of the Rupee during January, 2007 appreciated against US Dollar, Pound Sterling, Japanese Yen and Euro as compared with average market exchange rate of the Rupee during December, 2006. Rupees Per Unit of Foreign Currency US Dollar March, 2002 March, 2003 March, 2004 March, 2005 March, 2006 2006-2007 April May June July August September October November December January @ FEDAI Rates 48.74 47.64 45.08 43.69 44.48 44.95 45.41 46.06 46.46 46.54 46.12 45.47 44.85 44.64 44.33 Pound Sterling 69.37 75.44 82.29 83.25 77.62 79.45 84.85 84.96 85.66 88.05 87.05 85.26 85.70 87.70 86.84 Japanese Yen 0.3723 0.4015 0.4141 0.4152 0.3793 0.3844 0.4064 0.4021 0.4017 0.4017 0.3940 0.3834 0.3825 0.3810 0.3689 (Market Rate)@ Euro 42.75 51.52 55.25 57.66 53.46 55.15 57.97 58.34 58.96 59.62 58.76 57.39 57.75 58.99 57.67 11 INFLATION The annual rate of inflation based on Wholesale Price Index (WPI) stood at 6.58 per cent for week ended January 27, 2007 compared with 4.04 per cent a year ago. This rate was contributed by an increase of 10.65 per cent in Primary Articles, 3.67 per cent increase in Fuel, Power, Lights and Lubricants and 6.21 per cent increase in Manufactured Products as against an increase of 5.66 per cent, 7.84 per cent and 1.97 per cent respectively on the corresponding date of last year. VARIATION IN WHOLESALE PRICE INDEX (Base: 1993-94) Percent variation during Items/Groups Weight (%) Month end Last year All Commodities 1.Primary articles 2. Fuel, Power, Light and Lubricants 3. Manufactured Products 100.00 22.03 14.23 63.75 -0.61 -0.26 -0.13 -0.99 Current year 0.34 1.18 0.06 0.11 Year (Point to Point) (ending 27-1-2007) Last year 4.04 5.66 7.84 1.97 Current year 6.58 10.65 3.67 6.21 CONSUMER PRICE INDEX All India Consumer Price Index for Industrial Workers (CPI-IW) for December, 2006 stood at 588 (stable at previous month’s level of 588). The level of CPI-IW of December, 2006 was higher than the level of December, 2005 by 6.9 per cent. CONSUMER PRICE INDEX AND INFLATION RATE (%) (Base : 1982=100) Annual Inflation Financial Year Inflation % Change over last month Level of Index Average of Index for 12 months ending December 2005-06 (December, 2005) 5.6 4.8 -0.5 550 536.00 2006-07 (December, 2006) 6.9 6.7 0.0 588 568.92 12 WORLD COMMODITY PRICE Commodity Energy Coal, Australia Crude oil, Brent Crude oil, Dubai Natural gas, US Agriculture Coffee, robusta Tea, auctions (3), average Coconut oil Groundnut oil Palm oil Palmkernel oil Soybean meal Soybean oil Maize Rice, Thailand, 25% Wheat, US, HRW Wheat US SRW Oranges Sugar, world Raw Materials Logs, Malaysia Woodpulp Cotton A Index Rubber, US Rubber, Singapore Wool Fertilizers DAP Phosphate rock Pottasium chloride Urea, E. Europe, bulk Metals and Minerals Aluminum Copper Gold Iron ore Lead Nickel Silver Steel cr coilsheet Steel hr coilsheet Tin Zinc Unit $/mt $/bbl $/bbl $/mmbtu c/kg c/kg $/mt $/mt $/mt $/mt $/mt $/mt $/mt $/mt $/mt $/mt $/mt c/kg $/cum $/mt c/kg c/kg c/kg c/kg $/mt $/mt $/mt $/mt $/mt $/mt $/toz c/dmtu c/kg $/mt c/toz $/mt $/mt c/kg c/kg Quarterly Averages Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan 2005 2005 2006 2006 2006 2006 2007 48.43 61.55 55.34 10.04 115.2 166.8 571.7 1,025 415.0 582.3 218.7 551.7 101.8 260.7 151.0 130.3 751.7 21.96 211.4 607.4 120.4 181.5 167.5 576.5 261.6 42.0 163.5 211.7 1,829 3,757 439.5 65.00 89.2 14,567 709 750.0 650.0 704.7 129.7 39.58 56.93 52.70 12.26 114.2 166.2 574.0 963 438.3 607.7 204.0 558.7 99.8 259.8 164.5 135.1 848.0 26.32 209.1 605.9 126.1 186.4 168.2 575.0 264.5 42.0 170.0 224.7 2,076 4,302 485.6 65.00 104.9 12,649 808 750.0 650.0 643.2 164.0 46.88 61.92 57.85 7.68 136.7 178.7 578.3 918 436.4 607.0 200.8 535.3 105.0 271.8 173.8 145.4 826.7 37.50 222.9 627.8 129.0 221.6 202.3 555.0 259.6 42.3 171.1 219.2 2,421 4,940 554.0 77.35 124.2 14,810 969 750.0 650.0 760.6 224.2 52.62 69.83 64.68 6.50 132.9 192.3 578.7 896 438.7 557.1 197.3 576.3 109.3 276.0 189.6 144.0 755.5 36.53 237.3 682.3 121.8 258.7 245.7 555.0 266.9 43.5 177.3 228.1 2,653 7,210 627.4 77.35 110.0 19,925 1,226 666.7 591.7 852.9 329.2 50.26 70.09 65.87 6.04 158.1 195.6 599.1 946 492.7 559.0 208.3 620.3 117.4 284.6 196.1 153.0 814.6 30.60 240.9 737.1 128.4 245.5 219.2 555.3 260.3 45.5 174.6 210.4 2,482 7,670 621.5 77.35 119.0 29,154 1,169 700.0 600.0 865.3 336.3 46.60 59.73 57.33 6.66 168.2 182.4 671.2 1,120 542.8 600.4 230.1 662.2 155.7 275.6 208.7 193.5 942.3 26.03 256.6 762.4 127.6 199.4 173.3 565.0 254.2 45.5 175.0 234.0 51.29 54.30 52.01 6.58 174.45 175.27 731.00 1180.00 599.00 653.00 247.00 696.00 165.38 286.60 196.07 175.52 793.58 24.14 262.27 778.48 130.80 231.26 210.87 565.00 267.60 45.50 175.00 269.80 2,724 2809.34 7,068 5669.66 614.5 631.17 77.35 77.35 162.7 166.61 33,129 36811.14 1,263 1286.63 658.3 650.00 558.3 550.00 1033.5 1136.18 420.4 378.67 13 PUBLIC FINANCE Trends in Central Government Finances: April-December 2006 Budget April-December Estimates 2006-07 2005-06 2006-07 (Rs. Crore) (1) 1. Revenue Receipts Gross tax revenue Tax (net to Centre) Non Tax 2. Capital Receipts of which: Recovery of loans Other Receipts Borrowings and other liabilities 3. Total Receipts (1+2) 4.Non-Plan Expenditure (a)+(b) (a) Revenue Account Of which: Interest payments Major Subsidies Pensions (b) Capital Account 5.Plan Expenditure (i)+(ii) (i) Revenue Account (ii) Capital Account 6.Total Expenditure (4)+(5)=(a)+(b) (a)Revenue Expenditure (b)Capital Expenditure 7. Revenue Deficit 8. Fiscal Deficit 9. Primary Deficit 139823 44532 19542 46833 172728 143762 28966 563991 488192 75799 84727 148686 8863 80972 33230 14621 16352 94595 74875 19720 332499 296427 36072 79681 108334 27362 92634 40225 15050 18412 111518 93901 17617 383721 347692 36029 66777 94854 2220 60.5 72.1 74.8 40.6 65.9 64.6 71.7 64.6 66.4 53.2 83.6 71.7 159.0 66.3 90.3 77.0 39.3 64.6 65.3 60.8 68.0 71.2 47.5 78.8 63.8 25.0 1.4 2.9 17.2 -65.5 16.5 40.6 -29.5 1.7 17.9 -52.1 26.5 20.1 164.3 14.4 21.1 2.9 12.6 17.9 25.4 -10.7 15.4 17.3 -0.1 -16.2 -12.4 -91.9 8000 3840 148686 563991 391263 344430 7408 11 108334 332499 237904 221552 7952 0 94854 383721 272203 253791 71.7 64.6 64.2 67.0 63.8 68.0 69.6 73.7 61.7 99.4 -83.6 -99.6 20.1 1.7 -3.1 11.8 7.3 -100.0 -12.4 15.4 14.4 14.6 (2) 403465 442153 327205 76260 160526 (3) 216746 230839 168715 48031 115753 (4) 280915 306527 232171 48744 102806 (5) 61.7 62.4 61.7 61.8 71.0 (6) 69.6 69.3 71.0 63.9 64.0 (7)) 15.0 18.8 19.4 1.7 -16.3 (8) 29.6 32.8 37.6 1.5 -11.2 Col.3 as % of 2005-06 BE Col. 4 as % Change over % of proceeding year 2006-07 2005-06 2006-07 BE (4/3) Source : Controller General of Accounts, MOF, GOI.