Markets Actual Q3 Q4 Q1 Q2 2022
Currency 74.33 74.73 75.04 75.35 75.65 76.27
Stock Market (points) 52852.27 51448 49998 48589 47218 44593
Government Bond 10Y (%) 6.17 6.21 6.25 6.3 6.34 6.43

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.10 1.4 2.2 1.3 1.6 1
GDP Annual Growth Rate (%) 1.60 12 6.2 6.6 7.3 7
Unemployment Rate (%) 11.90 10.5 8.3 6.4 6.3 6.2
Inflation Rate (%) 6.26 5.4 4.7 5.3 4.8 4.2
Interest Rate (%) 4.00 4 4 4.25 4.5 4.75
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) -9370.00 -10750 -7300 -9000 -9600 -7200
Current Account (USD Million) -8134.78 -3500 -2600 -4400 -5700 -8400
Current Account to GDP (% of GDP) 0.90 -1.5 -1.5 -2.6 -2.6 -2.6
Government Debt to GDP (% of GDP) 69.62 85 85 84 84 84
Government Budget (% of GDP) -9.40 -6.8 -6.8 -4 -4 -4
Business Confidence (points) 114.10 118 109 107 105 102
Manufacturing PMI (points) 48.10 51 51 52.3 54 51
Services PMI (points) 41.20 51 52.6 52 53 50.8
Consumer Confidence (points) 48.50 76 89 91 91 85
Corporate Tax Rate (%) 25.17 25.17 35 35 35 25.17
Personal Income Tax Rate (%) 42.74 35.88 35.88 35.88 35.88 35.88

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.10 1.4 2.2 1.3 1.6 1
GDP Annual Growth Rate (%) 1.60 12 6.2 6.6 7.3 7
GDP (USD Billion) 2622.98 2850 2850 3000 3000 3000
GDP Constant Prices (INR Billion) 38963.35 29784 42519 38490 41535 41184
Gross National Product (INR Tens Of Million) 13280223.00 16047839 16951971 14103597 14156718 15090849
Gross Fixed Capital Formation (INR Billion) 13382.27 6621 14061 12680 14265 13568
GDP per capita (USD) 1961.30 2100 2100 2320 2320 2320
GDP per capita PPP (USD) 6118.36 7500 7500 7500 7500 8000
GDP From Agriculture (INR Billion) 5445.03 5141 7121 6799 5804 7275
GDP From Construction (INR Billion) 3175.14 1452 3346 2906 3385 3110
GDP From Manufacturing (INR Billion) 6315.03 4016 6864 5903 6732 6317
GDP From Mining (INR Billion) 913.03 759 1058 786 973 841
GDP From Public Administration (INR Billion) 4699.45 3960 5241 4745 5010 5077
GDP From Utilities (INR Billion) 795.61 793 860 803 848 860

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 11.90 10.5 8.3 6.4 6.3 6.2
Labor Force Participation Rate (%) 49.80 52 52.5 52.5 52.5 52.5
Population (Million) 1347.12 1361 1361 1373 1373 1373
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 (%) 34.70 26 26 26 26 26

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 6.26 5.4 4.7 5.3 4.8 4.2
Consumer Price Index CPI (points) 161.30 165 165 165 169 172
GDP Deflator (points) 146.10 142 145 146 145 152
Producer Prices (points) 133.70 143 140 135 139 147
Producer Prices Change (%) 12.07 16 12 4 3.9 4.5
Export Prices (points) 402.00 400 400 407 408 407
Import Prices (points) 569.00 515 515 570 570 570
Food Inflation (%) 5.15 6.1 5.3 5.1 4.9 5.3
Inflation Expectations (%) 10.90 9.6 8.1 9.2 8.5 8.7
Inflation Rate Mom (%) 0.56 0.6 0.9 0.5 0.7 0.7
Cpi Housing Utilities (points) 160.50 165 165 168 168 172
CPI Transportation (points) 150.60 148 149 154 158 155

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.00 4 4 4.25 4.5 4.75
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Interbank Rate (%) 3.43 3.43 3.43 3.68 3.93 3.93
Money Supply M1 (INR Billion) 47401.33 39601 39598 39598 39598 40598
Money Supply M2 (INR Billion) 49437.50 45419 41419 41419 41419 40419
Money Supply M3 (INR Billion) 193119.20 177379 176503 176503 176503 176503
Central Bank Balance Sheet (INR Billion) 31635.34 29500 28790 26300 25800 24200
Foreign Exchange Reserves (USD Million) 612730.00 543000 522000 522000 522000 512000
Loan Growth (%) 6.10 6.3 6.2 5.8 5.9 6.4
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35 3.35

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -9370.00 -10750 -7300 -9000 -9600 -7200
Current Account (USD Million) -8134.78 -3500 -2600 -4400 -5700 -8400
Current Account to GDP (% of GDP) 0.90 -1.5 -1.5 -2.6 -2.6 -2.6
Imports (USD Million) 41870.00 38850 37200 39100 41000 40100
Exports (USD Million) 32500.00 28100 29900 30100 31400 32900
Terms of Trade (points) 73.70 77.67 84.21 77.67 71.4 71.4
Foreign Direct Investment (USD Million) 9140.00 2700 2600 2400 2400 3600
Capital Flows (USD Million) -38.46 -75 -75 27 85 110
Remittances (USD Million) 14035.31 14000 13800 13800 13800 13800
Tourist Arrivals 0.00 395000 400000 400000 450000 510000
Gold Reserves (Tonnes) 695.31 650 650 650 650 650

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 69.62 85 85 84 84 84
Government Budget (% of GDP) -9.40 -6.8 -6.8 -4 -4 -4
Government Budget Value (INR Tens of Millions) -123174.00 -2250000 -6208 -6208 -9300 -8000
Government Spending (INR Billion) 4559.97 5377 4143 3771 4861 4035
Government Revenues (INR Tens of Millions) 354787.00 5110 10980 17200 17200 11500
Fiscal Expenditure (INR Tens of Millions) 477961.00 15100 21900 26500 26500 19500
Government Spending To GDP (% of GDP) 17.60 15.6 15.6 14 14 14

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 25.17 25.17 35 35 35 25.17
Personal Income Tax Rate (%) 42.74 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 2022
Business Confidence (points) 114.10 118 109 107 105 102
Manufacturing PMI (points) 48.10 51 51 52.3 54 51
Services PMI (points) 41.20 51 52.6 52 53 50.8
Industrial Production (%) 29.30 6.7 4.5 4 4.1 4.2
Industrial Production Mom (%) -8.00 0.8 1 0.3 0.1 0.8
Manufacturing Production (%) 34.50 9 4.9 3.8 5.8 5.6
Car Production (Units) 178077.00 233000 195000 190000 179000 195000
Car Registrations 166118.00 215000 219000 217000 194000 220000
Steel Production (Thousand Tonnes) 9400.00 8600 8740 8740 8740 8650
Mining Production (%) 23.30 2 2 1.5 1.5 2.4
Composite PMI (points) 43.10 51 53 52 52 51.1
Cement Production (Thousands of Tonnes ) 24222.00 30900 31791 31791 31791 32791

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 48.50 76 89 91 91 85
Consumer Spending (INR Billion) 21604.13 16146 25111 22533 23030 24110
Disposable Personal Income (INR Million) 199689740.00 228461280 234227599 212070504 212869263 226915439
Bank Lending Rate (%) 8.80 8.8 8.8 9.05 9.3 9.3
Households Debt To GDP (% of GDP) 37.70 11.5 12 12 12 12
Gasoline Prices (USD/Liter) 1.30 1.24 1.17 1.11 1.06 1.01

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 107.00 117 119 118 118 120
Construction Output (%) 16.80 5.1 5.1 3.5 3.5 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.