Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 96.56 96.14 95.58 95.11 94.64
Stock Market (points) 78151.45 76712 74689 73017 71384
Government Bond 10Y (%) 6.76 6.73 6.68 6.64 6.6

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.90 1.7 0.9 1 1.2
GDP Annual Growth Rate (%) 7.80 7.5 7.1 7 6.4
Unemployment Rate (%) 5.50 5.2 5.5 5.2 5.3
Inflation Rate (%) 4.38 4.1 4 3.9 4.1
Interest Rate (%) 5.25 5.25 5.25 5.25 5.25
Balance of Trade (USD Billion) -30.43 -29.5 -32 -32 -27
Current Account (USD Million) 7081.00 -11000 -7600 -8800 -3000
Business Confidence (points) 118.80 117 116 120 121
Manufacturing PMI (points) 54.50 53.6 51.9 52.6 53.4
Services PMI (points) 57.40 59 60 58 58.4
Consumer Confidence (points) 90.70 94 97 100 100
Current Account to GDP (% of GDP) -0.60 -1.3
Government Debt to GDP (% of GDP) 81.92 82.3
Government Budget (% of GDP) -4.40 -4.4

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.90 1.7 0.9 1 1.2
GDP Annual Growth Rate (%) 7.80 7.5 7.1 7 6.4
GDP Constant Prices (INR Billion) 87771.04 80995 90659 93915 93388
Gross Fixed Capital Formation (INR Billion) 27902.73 28152 27896 29856 29689
GDP from Agriculture (INR Billion) 14831.69 10560 16849 15870 15781
GDP from Construction (INR Billion) 7178.60 7023 7122 7681 7638
GDP from Manufacturing (INR Billion) 13529.11 12774 13059 14476 14395
GDP from Mining (INR Billion) 1737.21 1426 1645 1859 1848
GDP from Public Administration (INR Billion) 9240.67 9153 9890 9888 9832
GDP from Utilities (INR Billion) 1723.10 1901 1715 1844 1833
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) 9818.04 10554
Full Year GDP Growth (%) 7.70 7.5

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 5.50 5.2 5.5 5.2 5.3
Labor Force Participation Rate (%) 54.40 55.5 56 56 55.7
Population (Million) 1421.00 1432
Minimum Wages ( INR/Day) 178.00 190

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 4.38 4.1 4 3.9 4.1
Consumer Price Index CPI (points) 107.15 108 108 109 112
Producer Prices (points) 109.90 111 111 112 116
Producer Prices Change (%) 9.57 9.5 8.8 7.1 5.9
Food Inflation (%) 5.32 4.5 3.6 3 3.4
Wholesale Prices (points) 110.20 113 112 112 116
Wholesale Prices YoY (%) 9.87 12 9.9 7.5 5
WPI Food Index YoY (%) 6.14 5.8 4.5 1.1 2
WPI Fuel YoY (%) 27.41 20.4 10.5 -5 1
WPI Manufacturing YoY (%) 7.48 5.9 3.7 2.1 3.4
Inflation Rate MoM (%) 1.03 0.3 0.4 0.2 0.4
CPI Transportation (points) 105.45 106 106 106 107
CPI Housing Utilities (points) 103.54 106 106 107 108
Export Prices (points) 163.50 172
Import Prices (points) 159.80 184

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 5.25 5.25 5.25 5.25 5.25
Interbank Rate (%) 6.51 6.51 6.51 6.51 6.51
Money Supply M2 (INR Billion) 79592.85 81300 85500 89700 91000
Money Supply M3 (INR Billion) 312207.37 328000 335000 345000 350000
Foreign Exchange Reserves (USD Million) 675160.00 680000 695000 705000 715000
Central Bank Balance Sheet (INR Billion) 45412.01 48800 50000 51000 53000
Loan Growth (%) 18.60 13.3 14.5 15.5 15
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (USD Billion) -30.43 -29.5 -32 -32 -27
Current Account (USD Million) 7081.00 -11000 -7600 -8800 -3000
Imports (USD Billion) 70.84 69 70 70 68
Exports (USD Billion) 40.40 39.5 38 38 41
Tourist Arrivals 534000.00 714000 1230000 650000 755000
Current Account to GDP (% of GDP) -0.60 -1.3
Terms of Trade (points) 102.30 93.48

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Revenues (INR Tens of Million) 718669.00 1910000 2830000 3580000 1120000
Fiscal Expenditure (INR Tens of Million) 881023.00 2500000 3650000 5730000 1750000
Government Debt to GDP (% of GDP) 81.92 82.3
Government Budget (% of GDP) -4.40 -4.4
Government Spending to GDP (% of GDP) 14.19 15.5

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 118.80 117 116 120 121
Manufacturing PMI (points) 54.50 53.6 51.9 52.6 53.4
Services PMI (points) 57.40 59 60 58 58.4
Industrial Production (%) 5.10 5 4.3 4 4
Manufacturing Production (%) 5.50 5.8 4.1 4.1 3.9
Mining Production (%) -1.60 1.5 4 4 5
Composite PMI (points) 57.10 57.2 58 57.5 56.5

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) 90.70 94 97 100 100
Consumer Spending (INR Billion) 49686.22 43131 51337 53164 52866
Bank Lending Rate (%) 8.99 8.99 8.99 8.99 8.99
Gasoline Prices (USD/Liter) 1.08 1.25 1.14 1.04 1.08
Disposable Personal Income (INR Million) 353131560.00 378203901

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Housing Index (points) 104.51 108 112 116 120
Construction Output (%) 0.50 2.5 2.7 3.5 3