Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 94.85 93.73 93.16 92.72 92.27
Stock Market (points) 77496.36 75427 73329 71712 70140
Government Bond 10Y (%) 6.99 6.95 6.9 6.86 6.82

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.80 1.4 1.7 0.9 1
GDP Annual Growth Rate (%) 7.80 7.2 7.5 7.1 7
Unemployment Rate (%) 5.10 5 5.3 5.5 5.2
Inflation Rate (%) 3.40 3.8 3.5 3.8 3.9
Interest Rate (%) 5.25 5.25 5.25 5.25 5.5
Balance of Trade (USD Billion) -20.67 -26 -29.5 -32 -32
Current Account (USD Million) -13172.00 -7400 -11000 -7600 -8800
Services PMI (points) 57.90 57 59 60 58
Manufacturing PMI (points) 55.90 57 57 55 58
Business Confidence (points) 126.30 115 117 120 123
Consumer Confidence (points) 95.70 97 98 97 100
Current Account to GDP (% of GDP) -0.60 -1.3
Government Debt to GDP (% of GDP) 81.92 78
Government Budget (% of GDP) -4.80 -3.8

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.80 1.4 1.7 0.9 1
GDP Annual Growth Rate (%) 7.80 7.2 7.5 7.1 7
GDP Constant Prices (INR Billion) 84535.56 80710 81041 90538 90453
Gross Fixed Capital Formation (INR Billion) 16717.29 17745 17971 17904 17888
GDP from Manufacturing (INR Billion) 12242.92 10589 12828 13112 13100
GDP from Agriculture (INR Billion) 15696.07 12841 10524 16810 16795
GDP from Construction (INR Billion) 6641.77 6804 7014 7113 7107
GDP from Public Administration (INR Billion) 9196.27 9471 9281 9849 9840
GDP from Mining (INR Billion) 1535.46 1591 1426 1644 1643
GDP from Utilities (INR Billion) 1602.46 1867 1906 1716 1715
GDP (USD Billion) 3912.69 4167
Gross National Product (INR Tens Of Million) 18523133.00 19838275
GDP per Capita (USD) 2396.71 2552
GDP per Capita PPP (USD) 9817.07 10455
Full Year GDP Growth (%) 7.60 6.5

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.10 5 5.3 5.5 5.2
Labor Force Participation Rate (%) 55.40 55.2 55.5 56 56
Population (Million) 1398.60 1420
Minimum Wages ( INR/Day) 178.00 190

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.40 3.8 3.5 3.8 3.9
Consumer Price Index CPI (points) 104.84 106 107 108 109
Producer Prices (points) 160.80 158 159 161 165
Producer Prices Change (%) 3.88 2.6 2.8 2.3 2.5
Food Inflation (%) 3.87 3 3.4 3.6 3
WPI Food Index YoY (%) 1.85 2 1.8 2.5 2.1
WPI Manufacturing YoY (%) 3.39 3.5 3.9 3.7 3.1
WPI Fuel YoY (%) 1.05 1.9 1.4 1.5 1
Inflation Rate MoM (%) 0.26 0.1 0.3 0.4 0.2
CPI Housing Utilities (points) 102.69 105 105 106 107
CPI Transportation (points) 100.73 101 101 102 102
GDP Deflator (points) 172.60 179
Export Prices (points) 160.40 180
Import Prices (points) 140.40 184

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 5.25 5.25 5.25 5.25 5.5
Interbank Rate (%) 6.22 6.22 6.22 6.22 6.47
Money Supply M2 (INR Billion) 76989.15 75000 77300 75500 75500
Money Supply M3 (INR Billion) 298550.63 300000 308000 315000 315000
Central Bank Balance Sheet (INR Billion) 49100.48 42000 42800 43000 43000
Foreign Exchange Reserves (USD Million) 703310.00 715000 710000 705000 705000
Loan Growth (%) 16.10 13 13.3 16.5 16.5
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Billion) -20.67 -26 -29.5 -32 -32
Current Account (USD Million) -13172.00 -7400 -11000 -7600 -8800
Exports (USD Billion) 38.92 40 39.5 38 38
Imports (USD Billion) 59.59 66 69 70 70
Tourist Arrivals 1007000.00 750000 714000 1230000 1230000
Current Account to GDP (% of GDP) -0.60 -1.3
Terms of Trade (points) 147.30 97.83

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Revenues (INR Tens of Million) 2791943.00 1110000 1810000 2560000 2560000
Fiscal Expenditure (INR Tens of Million) 4044592.00 1150000 2800000 3730000 3730000
Government Debt to GDP (% of GDP) 81.92 78
Government Budget (% of GDP) -4.80 -3.8
Government Spending to GDP (% of GDP) 14.77 19

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Services PMI (points) 57.90 57 59 60 58
Manufacturing PMI (points) 55.90 57 57 55 58
Business Confidence (points) 126.30 115 117 120 123
Industrial Production (%) 4.10 3.3 3 4.3 4
Manufacturing Production (%) 4.30 3 4.8 4.1 4.1
Mining Production (%) 5.50 1.9 1.5 4 4
Composite PMI (points) 58.30 57.8 57.2 55 55

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 95.70 97 98 97 100
Consumer Spending (INR Billion) 27184.53 29123 29223 29115 29087
Bank Lending Rate (%) 9.06 9.06 9.06 9.06 9.31
Gasoline Prices (USD/Liter) 1.01 1.46 1.25 1.04 1.04
Disposable Personal Income (INR Million) 296383300.00 317426514

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 124.00 125 125 130 130
Construction Output (%) -0.40 4.5 2.5 2.7 3.5