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Sources: IMF Country Report, 2016, based on data provided by the Indian authorities; CBC Data Company Ltd; Bloomberg LP.; World Bank, World Development Indicators; and IMF staff estimates and projections.

^aData are for April–March fiscal years.

^bDiffers from official data, calculated with gross investment and current account. Gross investment includes errors and omissions.

^cDivestment and license auction proceeds treated as below-the-line financing.

^dIncludes combined domestic liabilities of the center and the states, and external debt at year-end exchange rates.

^eFor 2015/16, as of 6 January 2016.

^fFor 2015/16 year-to-date as of 6 January 2016.

^gOn balance of payments basis.

^hImports of goods and services projected over the following 12 months.

ⁱShort-term debt on residual maturity basis, including estimated short-term NRI deposits on residual maturity basis.

^jIn percent of current account receipts, excluding grants.

^kFor 2015/16, year-to-date as of November 2015.