Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 94.42 94.58 93.72 93.27 92.82
Stock Market (points) 76802.90 76616 73477 71864 70290
Government Bond 10Y (%) 6.85 6.85 6.77 6.73 6.68

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.90 1.4 1.7 0.9 1
GDP Annual Growth Rate (%) 7.80 7.2 7.5 7.1 7
Unemployment Rate (%) 5.50 5.3 5.2 5.5 5.2
Inflation Rate (%) 3.93 3.8 3.9 4 3.9
Interest Rate (%) 5.25 5.25 5.25 5.25 5.25
Balance of Trade (USD Billion) -28.21 -28 -29.5 -32 -32
Current Account (USD Million) 7081.00 -7400 -11000 -7600 -8800
Business Confidence (points) 118.80 115 117 120 123
Manufacturing PMI (points) 55.00 55.5 53.6 51.9 52.6
Services PMI (points) 59.80 59.7 59 60 58
Consumer Confidence (points) 90.70 97 98 97 100
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.90 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) 87771.04 80781 80995 90659 93915
Gross Fixed Capital Formation (INR Billion) 27902.73 25954 28152 27896 29856
GDP from Utilities (INR Billion) 1723.10 1864 1901 1715 1844
GDP from Mining (INR Billion) 1737.21 1591 1426 1645 1859
GDP from Manufacturing (INR Billion) 13529.11 10573 12774 13059 14476
GDP from Agriculture (INR Billion) 14831.69 12859 10560 16849 15870
GDP from Public Administration (INR Billion) 9240.67 9445 9153 9890 9888
GDP from Construction (INR Billion) 7178.60 6801 7023 7122 7681
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 (%) 7.70 6.5

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.50 5.3 5.2 5.5 5.2
Labor Force Participation Rate (%) 55.00 55.2 55.5 56 56
Population (Million) 1421.00 1432
Minimum Wages ( INR/Day) 178.00 190

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.93 3.8 3.9 4 3.9
Consumer Price Index CPI (points) 105.91 106 108 108 109
Producer Prices (points) 109.60 170 174 173 173
Food Inflation (%) 4.78 5.5 4 3.6 3
Wholesale Prices (points) 109.90 111 113 112 112
Wholesale Prices YoY (%) 9.68 10.5 12 9.9 7.5
WPI Fuel YoY (%) 30.33 25.9 20.4 10.5 -5
WPI Manufacturing YoY (%) 7.48 5.5 4.9 3.7 3.1
WPI Food Index YoY (%) 4.49 6 4.8 4.5 1.1
Inflation Rate MoM (%) 0.75 0.5 0.3 0.4 0.2
CPI Transportation (points) 102.73 103 104 104 104
CPI Housing Utilities (points) 103.10 105 106 106 107
Export Prices (points) 163.50 172
Import Prices (points) 159.80 184

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 5.25 5.25 5.25 5.25 5.25
Interbank Rate (%) 6.67 6.67 6.67 6.67 6.67
Money Supply M2 (INR Billion) 82793.66 85000 87300 85500 89700
Money Supply M3 (INR Billion) 313620.50 315000 328000 335000 345000
Central Bank Balance Sheet (INR Billion) 46499.25 46900 48800 50000 51000
Foreign Exchange Reserves (USD Million) 671630.00 69300 700000 705000 705000
Loan Growth (%) 17.70 15 13.3 14.5 15.5
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) -28.21 -28 -29.5 -32 -32
Current Account (USD Million) 7081.00 -7400 -11000 -7600 -8800
Imports (USD Billion) 73.41 70 69 70 70
Exports (USD Billion) 45.20 42 39.5 38 38
Tourist Arrivals 534000.00 750000 714000 1230000 650000
Current Account to GDP (% of GDP) -0.60 -1.3
Terms of Trade (points) 102.30 93.48

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Revenues (INR Tens of Million) 2791943.00 1110000 1810000 2800000 2560000
Fiscal Expenditure (INR Tens of Million) 4044592.00 1650000 3200000 4730000 5730000
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 Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 118.80 115 117 120 123
Manufacturing PMI (points) 55.00 55.5 53.6 51.9 52.6
Services PMI (points) 59.80 59.7 59 60 58
Industrial Production (%) 4.90 3.3 3 4.3 4
Manufacturing Production (%) 6.20 3 4.8 4.1 4.1
Mining Production (%) -5.10 1.9 1.5 4 4
Composite PMI (points) 59.30 58.8 57.2 58 57.5

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 90.70 97 98 97 100
Consumer Spending (INR Billion) 49686.22 45236 43131 51337 53164
Bank Lending Rate (%) 8.99 8.99 8.99 8.99 8.99
Gasoline Prices (USD/Liter) 1.07 1.26 1.25 1.04 1.04
Disposable Personal Income (INR Million) 353131560.00 378203901

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 124.00 125 125 130 130
Construction Output (%) 1.70 2.5 2.5 2.7 3.5