Markets Actual Q3 Q4 Q1 Q2 2021
Currency 75.18 75.32 75.66 76.02 76.36 77.05
Stock Market (points) 36939.60 36353 35508 34686 33882 32274
Government Bond 10Y (%) 5.84 5.89 5.95 6 6.06 6.17

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 1.10 3.4 1.5 1.9 2.3 2.2
GDP Annual Growth Rate (%) 3.10 2.3 3.5 4.9 6.2 5.5
Unemployment Rate (%) 11.00 15 15 13 11 9.8
Inflation Rate (%) 6.09 3.6 3.2 3.2 4 4.5
Interest Rate (%) 4.00 3.75 3.5 3.5 3.5 3.5
Cash Reserve Ratio (%) 3.00 3 3 3 3 3
Balance of Trade (USD Million) 790.00 -13200 -14100 -9200 -3100 -14100
Current Account (USD Million) 584.38 -7000 -9000 -12000 -17000 -12600
Current Account to GDP (%) -0.90 -0.6 -0.6 -2.2 -2.2 -2.2
Government Debt to GDP (%) 69.62 75 75 80 80 80
Government Budget (% of GDP) -4.59 -10 -10 -7.4 -7.4 -7.4
Business Confidence (points) 105.00 95 104 115 116 99
Manufacturing PMI (points) 46.00 52 50.8 51.4 52 51
Services PMI (points) 33.70 52 51 53.2 52 52.6
Consumer Confidence (points) 83.70 72 81 95 93 89
Corporate Tax Rate (%) 25.17 25.17 25.17 25.17 25.17 25.17
Personal Income Tax Rate (%) 35.88 35.88 35.88 35.88 35.88 35.88

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 1.10 3.4 1.5 1.9 2.3 2.2
GDP Annual Growth Rate (%) 3.10 2.3 3.5 4.9 6.2 5.5
GDP (USD Billion) 2875.14 2610 2610 2950 2950 2950
GDP Constant Prices (INR Billion) 38036.01 36256 37702 39900 40394 39776
Gross National Product (INR Tens Of Million) 14522931.00 14115438 15031234 15234555 15423353 15857951
Gross Fixed Capital Formation (INR Billion) 10943.23 10476 11094 11479 11622 11704
GDP per capita (USD) 2169.10 1900 1900 2100 2100 2100
GDP per capita PPP (USD) 6754.30 6610 6610 7500 7500 7500
GDP From Agriculture (INR Billion) 5306.26 3720 6312 5566 5635 6659
GDP From Construction (INR Billion) 2670.00 2469 2684 2801 2836 2832
GDP From Manufacturing (INR Billion) 6057.38 5827 5760 6354 6433 6076
GDP From Mining (INR Billion) 1092.85 698 876 1146 1161 924
GDP From Public Administration (INR Billion) 4816.30 4704 4969 5052 5115 5242
GDP From Utilities (INR Billion) 748.63 804 754 785 795 795

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 11.00 15 15 13 11 9.8
Labor Force Participation Rate (%) 49.80 50 51.5 51.5 52 52.5
Population (Million) 1312.24 1326 1326 1340 1340 1340
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Minimum Wages ( INR/Day) 178.00 178 178 190 190 190
Youth Unemployment Rate (%) 23.70 24 24 24 24 24

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 6.09 3.6 3.2 3.2 4 4.5
Consumer Price Index CPI (points) 151.60 151 155 153 158 162
GDP Deflator (points) 138.80 134 139 139 140 145
Producer Prices (points) 119.30 125 128 124 122 134
Producer Prices Change (%) -1.81 3.3 3.9 2.7 2.5 4.5
Export Prices (points) 376.00 385 385 385 385 400
Import Prices (points) 513.00 510 510 510 510 510
Food Inflation (%) 7.87 10 5.8 4 6 4.3
Inflation Expectations (%) 10.20 5.1 4.5 4.5 4.5 5.1
Inflation Rate Mom (%) 0.46 0.9 0.6 0.8 1.2 0.9
Cpi Housing Utilities (points) 154.70 158 158 159 161 165
CPI Transportation (points) 133.50 131 134 134 139 140

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.00 3.75 3.5 3.5 3.5 3.5
Cash Reserve Ratio (%) 3.00 3 3 3 3 3
Interbank Rate (%) 3.25 3.25 3.25 3.25 3.25 3.25
Central Bank Balance Sheet (INR Billion) 27026.23 26200 19500 19100 18300 17900
Foreign Exchange Reserves (USD Million) 522630.00 508000 483000 470000 450000 422000
Loan Growth (%) 5.80 7 7.3 6.9 6.5 6.2
Reverse Repo Rate (%) 3.35 3.1 3.1 3.1 3.1 3.1

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 790.00 -13200 -14100 -9200 -3100 -14100
Current Account (USD Million) 584.38 -7000 -9000 -12000 -17000 -12600
Current Account to GDP (%) -0.90 -0.6 -0.6 -2.2 -2.2 -2.2
Imports (USD Million) 21110.00 33000 37400 39800 34500 36200
Exports (USD Million) 21910.00 19800 22200 30600 31400 31900
Terms of Trade (points) 73.30 75.49 75.49 75.49 75.49 78.43
Foreign Direct Investment (USD Million) 2016.00 1000 5800 3200 2800 2600
Capital Flows (USD Million) -19.36 -750 -750 29 100 7.98
Remittances (USD Million) 14891.13 15500 14000 14000 14000 13800
Tourist Arrivals 328462.00 320000 350000 410000 490000 800000
Gold Reserves (Tonnes) 641.80 630 632 632 632 650

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 69.62 75 75 80 80 80
Government Budget (% of GDP) -4.59 -10 -10 -7.4 -7.4 -7.4
Government Budget Value (INR Billion) -6623.63 -6670 -6208 -6200 -6200 -6208
Government Spending (INR Billion) 3807.47 4710 4013 3994 4044 4234
Government Revenues (INR Billion) 1535.81 8200 13500 13500 13500 15500
Fiscal Expenditure (INR Billion) 8159.44 14600 19700 19700 19700 21500
Government Spending To GDP (% of GDP) 13.21 13.6 13.6 14 14 14

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 25.17 25.17 25.17 25.17 25.17 25.17
Personal Income Tax Rate (%) 35.88 35.88 35.88 35.88 35.88 35.88
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 24.00 24 24 24 24 24
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 105.00 95 104 115 116 99
Manufacturing PMI (points) 46.00 52 50.8 51.4 52 51
Services PMI (points) 33.70 52 51 53.2 52 52.6
Industrial Production (%) -18.30 5.5 6.8 5.4 3.9 4.5
Industrial Production Mom (%) -10.00 14 2 0.9 1.4 1
Manufacturing Production (%) -22.40 8 7 7 4.2 5.6
Car Production (Units) 60949.00 1530000 130000 190000 200000 218720
Car Registrations 77341.00 150000 165000 160000 210000 215000
Steel Production (Thousand Tonnes) 6917.00 8950 9600 9600 9600 9650
Mining Production (%) -1.40 -4 4.1 4.1 3.5 2.1
Composite Pmi (points) 37.80 52.5 51 51.8 52.3 52.5
Cement Production (Thousands of Tonnes ) 26337.00 21000 26000 26000 30000 31791

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 83.70 72 81 95 93 89
Consumer Spending (INR Billion) 21250.99 20488 22587 22292 22569 23830
Disposable Personal Income (INR Million) 206752290.00 195034851 213988620 216883152 219570932 225757994
Bank Lending Rate (%) 9.00 9 9 9 9 9
Households Debt To GDP (% of GDP) 12.20 11.5 11.5 11.5 11.5 12
Gasoline Prices (USD/Liter) 1.07 0.96 0.91 0.87 0.82 0.78

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 114.00 125 130 130 130 142
Construction Output (%) -15.00 7.5 4 4 4.2 3


This page has economic forecasts for India including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the India economy.