TABLE – II
CHANGES IN KEY MACRONOMIC INDICATORS
October 1999 October 2004
Change in
the
Indicator
GDP Growth Rate 4.2% 6.4% Positive
Inflation 5.7% 4.6% Positive
Fiscal Deficit/GDP -6.1% -2.4% Positive
Current Account/GDP -4.1% +1.4% Positive
Public Debt/GDP 100% 68% Positive
External Debt/GDP 52% 37% Positive
Interest Payments/Govt.
Revenues 50% 25% Positive
Remittances US$ 88 million
per month
US$ 300 million
per month Positive
Exports US$ 7.8 billion US$ 13 billion Positive
Tax Revenues Rs. 391 billion Rs. 600 billion Positive
Rupee-Dollar Parity Depreciating Stable Positive
Foreign Direct Investment US$ 472 million US$ 950 million Positive
Foreign Exchange Reserves US$ 1.6 billion US$ 12.0 billion Positive
Poverty Incidence 33% Data not available
but perhaps rising Negative
Poverty Related Expenditure Rs. 133 billion Rs. 161 billion Positive
Unemployment 6% 8% Negative
Note: All indicators in Column 1 pertain to 1998-99 or October 1999. All indicators in
Column 2 pertain to 2004-05 or end October 2004.
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