Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 95.10 94.85 94.3 93.85 93.38
Stock Market (points) 73249.39 73297 71329 69693 68086
Government Bond 10Y (%) 7.46 7.32 7.27 7.22 7.18

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.80 0.9 1 1.2 1.1
GDP Annual Growth Rate (%) 7.80 7.1 7 6.4 7.9
Unemployment Rate (%) 5.00 5.5 5.2 5.3 5.7
Inflation Rate (%) 5.54 5.6 5.2 4.1 3.9
Interest Rate (%) 5.50 5.75 5.75 5.75 5.75
Balance of Trade (USD Billion) -30.21 -32 -32 -27 -29
Current Account (USD Million) -4219.00 -7600 -8800 -3000 -9000
Manufacturing PMI (points) 55.10 54 52.6 53.4 54
Services PMI (points) 55.20 55 58 58.4 58
Business Confidence (points) 111.10 116 120 121 125
Consumer Confidence (points) 87.90 97 100 100 101
Current Account to GDP (% of GDP) -0.60 -1.3
Government Debt to GDP (% of GDP) 81.85 82.3
Government Budget (% of GDP) -4.40 -4.4

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 1.80 0.9 1 1.2 1.1
GDP Annual Growth Rate (%) 7.80 7.1 7 6.4 7.9
GDP Constant Prices (INR Billion) 81361.53 90659 93915 86569 87789
Gross Fixed Capital Formation (INR Billion) 27956.05 27896 29856 29745 30165
GDP from Mining (INR Billion) 1555.84 1645 1859 1655 1679
GDP from Utilities (INR Billion) 1921.38 1715 1844 2044 2073
GDP from Manufacturing (INR Billion) 10244.17 13059 14476 10900 11053
GDP from Agriculture (INR Billion) 12406.12 16849 15870 13200 13386
GDP from Public Administration (INR Billion) 9664.68 9890 9888 10283 10428
GDP from Construction (INR Billion) 6782.48 7122 7681 7217 7318
GDP (USD Billion) 3956.07 4253
Gross National Product (INR Tens Of Million) 31811699.00 34070330
GDP per Capita (USD) 2523.44 2713
GDP per Capita PPP (USD) 10039.07 10792
Full Year GDP Growth (%) 7.70 7.5

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 5.00 5.5 5.2 5.3 5.7
Labor Force Participation Rate (%) 55.50 56 56 55.7 55.5
Population (Million) 1421.00 1432
Minimum Wages ( INR/Day) 178.00 178
Wages (INR/Month) 22698.65 23400

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 5.54 5.6 5.2 4.1 3.9
Consumer Price Index CPI (points) 109.49 110 110 111 114
Producer Prices (points) 112.50 111 112 116 118
Producer Prices Change (%) 11.39 8.8 7.1 5.9 5.1
Food Inflation (%) 7.74 3.6 3 3.4 4.2
Wholesale Prices (points) 112.50 112 112 116 117
Wholesale Prices YoY (%) 11.39 9.9 7.5 5 3.6
WPI Manufacturing YoY (%) 9.76 6.7 3.1 3.4 2.4
WPI Food Index YoY (%) 8.66 4.5 1.1 2 3
WPI Fuel YoY (%) 25.85 10.5 -5 1 2.1
Inflation Rate MoM (%) 0.69 0.4 0.2 0.4 0.5
CPI Housing Utilities (points) 104.41 108 108 108 108
CPI Transportation (points) 106.12 107 107 107 108
Export Prices (points) 163.50 172
Import Prices (points) 159.80 184

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 5.50 5.75 5.75 5.75 5.75
Interbank Rate (%) 6.38 6.63 6.63 6.63 6.63
Money Supply M2 (INR Billion) 81229.90 85500 89700 91000 90000
Money Supply M3 (INR Billion) 337664.75 335000 345000 350000 355000
Foreign Exchange Reserves (USD Million) 726030.00 695000 695000 715000 719000
Central Bank Balance Sheet (INR Billion) 50938.53 50000 51000 53000 55000
Loan Growth (%) 19.40 14.5 15.5 15 14.7
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (USD Billion) -30.21 -32 -32 -27 -29
Current Account (USD Million) -4219.00 -7600 -8800 -3000 -9000
Exports (USD Billion) 44.40 38 38 41 42
Imports (USD Billion) 74.61 70 70 68 71
Tourist Arrivals 584000.00 1230000 650000 755000 725000
Current Account to GDP (% of GDP) -0.60 -1.3
Terms of Trade (points) 102.30 93.48

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Revenues (INR Tens of Million) 1367709.00 2590000 3480000 1120000 1860000
Fiscal Expenditure (INR Tens of Million) 2077958.00 3550000 5150000 1510000 2620000
Government Debt to GDP (% of GDP) 81.85 82.3
Government Budget (% of GDP) -4.40 -4.4
Government Spending to GDP (% of GDP) 14.19 15.5

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Manufacturing PMI (points) 55.10 54 52.6 53.4 54
Services PMI (points) 55.20 55 58 58.4 58
Business Confidence (points) 111.10 116 120 121 125
Industrial Production (%) 8.00 6.3 5 4 4.8
Manufacturing Production (%) 9.00 4.1 4.1 3.9 5.1
Mining Production (%) -5.60 4 4 5 4.4
Composite PMI (points) 55.90 58 57.5 56.5 56.7

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Consumer Confidence (points) 87.90 97 100 100 101
Consumer Spending (INR Billion) 44742.78 51337 53164 47606 48277
Bank Lending Rate (%) 8.96 9.46 9.46 9.46 9.46
Gasoline Prices (USD/Liter) 1.06 1.1 1.16 1.21 1.26
Disposable Personal Income (INR Million) 353131560.00 378203901

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Housing Index (points) 106.93 112 116 120 1250
Construction Output (%) 7.90 4.7 4.5 4 3.1