Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 92.87 92.44 91.73 91.35 90.96
Stock Market (points) 76704.13 74289 71686 70284 68919
Government Bond 10Y (%) 6.73 6.68 6.61 6.58 6.54

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 2.00 1.6 1.4 1.7 0.9
GDP Annual Growth Rate (%) 7.80 7.8 7.2 7.5 7.1
Unemployment Rate (%) 4.90 5.1 5 5.3 5.5
Inflation Rate (%) 3.21 2.9 3.8 3.5 3.8
Interest Rate (%) 5.25 5.25 5.25 5 5
Balance of Trade (USD Billion) -27.10 -27 -26 -29.5 -32
Current Account (USD Million) -13198.00 -8700 -7400 -11000 -7600
Manufacturing PMI (points) 56.90 57.4 57 57 55
Services PMI (points) 58.10 59 57 59 60
Business Confidence (points) 126.30 126 129 132 135
Consumer Confidence (points) 98.10 97.5 95 97 97
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 Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 2.00 1.6 1.4 1.7 0.9
GDP Annual Growth Rate (%) 7.80 7.8 7.2 7.5 7.1
GDP Constant Prices (INR Billion) 84535.55 55357 51334 52281 90538
Gross Fixed Capital Formation (INR Billion) 16717.29 18770 17745 17971 17904
GDP from Manufacturing (INR Billion) 12242.92 8947 8162 8457 13112
GDP from Agriculture (INR Billion) 15696.07 7302 6093 5296 16810
GDP from Mining (INR Billion) 1535.46 1093 936 697 1644
GDP from Utilities (INR Billion) 1602.46 1078 1141 1156 1716
GDP from Construction (INR Billion) 6641.17 4998 4267 4017 7113
GDP from Public Administration (INR Billion) 8098.59 6062 6018 6454 8674
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 Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 4.90 5.1 5 5.3 5.5
Labor Force Participation Rate (%) 55.90 55.3 55.2 55.5 56
Population (Million) 1398.60 1420
Minimum Wages ( INR/Day) 178.00 190

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 3.21 2.9 3.8 3.5 3.8
Consumer Price Index CPI (points) 104.57 104 106 107 108
Producer Prices (points) 158.20 158 158 159 161
Producer Prices Change (%) 2.13 2.2 2.6 2.8 2.3
Food Inflation (%) 3.47 1.9 3 3.4 3.6
WPI Food Index YoY (%) 1.85 2.4 2 1.8 2.5
WPI Manufacturing YoY (%) 2.92 3.2 3.5 3.9 3.7
WPI Fuel YoY (%) -3.78 1.5 1.9 1.4 1.5
Inflation Rate MoM (%) 0.11 0.2 0.1 0.3 0.4
CPI Housing Utilities (points) 102.09 104 105 105 106
CPI Transportation (points) 100.69 101 101 101 102
GDP Deflator (points) 172.60 179
Export Prices (points) 160.40 180
Import Prices (points) 140.40 184

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 5.25 5.25 5.25 5 5
Interbank Rate (%) 6.87 6.87 6.87 6.62 6.62
Money Supply M2 (INR Billion) 75901.02 73500 75000 77300 75500
Money Supply M3 (INR Billion) 298550.63 295000 300000 308000 315000
Central Bank Balance Sheet (INR Billion) 49409.97 41500 42000 42800 43000
Foreign Exchange Reserves (USD Million) 716810.00 710000 715000 710000 705000
Loan Growth (%) 14.50 12.8 13 13.3 16.5
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (USD Billion) -27.10 -27 -26 -29.5 -32
Current Account (USD Million) -13198.00 -8700 -7400 -11000 -7600
Exports (USD Billion) 36.61 38 40 39.5 38
Imports (USD Billion) 63.71 65 66 69 70
Tourist Arrivals 1081977.00 900000 750000 714000 1230000
Current Account to GDP (% of GDP) -0.60 -1.3
Terms of Trade (points) 147.30 97.83

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Revenues (INR Tens of Million) 2708654.00 3220000 1110000 1810000 2560000
Fiscal Expenditure (INR Tens of Million) 3690061.00 5400000 1150000 2800000 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 Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 56.90 57.4 57 57 55
Services PMI (points) 58.10 59 57 59 60
Business Confidence (points) 126.30 126 129 132 135
Industrial Production (%) 4.80 6.9 3.3 3 4.3
Manufacturing Production (%) 4.80 5.6 3 4.8 4.1
Mining Production (%) 4.30 1.9 1.9 1.5 4
Composite PMI (points) 58.90 59 57.8 57.2 55

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) 98.10 97.5 95 97 97
Consumer Spending (INR Billion) 27184.53 29322 29123 29223 29115
Bank Lending Rate (%) 9.06 9.06 9.06 8.81 8.81
Gasoline Prices (USD/Liter) 1.04 1.05 1.1 1.13 1.17
Disposable Personal Income (INR Million) 296383300.00 317426514

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Housing Index (points) 124.00 127 125 125 130
Construction Output (%) 4.00 4.7 4.5 2.5 2.7