Money supply M3 in India rose 16% year-on-year to INR 337,665 billion in the first half of October 2026, slowing from a 16.9% gain to 330,675 in the two weeks prior. Money Supply M3 in India averaged 59993.53 INR Billion from 1951 until 2026, reaching an all time high of 337664.75 INR Billion in September of 2026 and a record low of 20.57 INR Billion in October of 1952. source: Reserve Bank of India

Money Supply M3 in India is expected to be 335000.00 INR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Money Supply M3 is projected to trend around 370000.00 INR Billion in 2027 and 400000.00 INR Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-12 11:30 AM
M3 Money Supply YoY
Sep/30 16.9% 16.6%
2026-10-23 11:30 AM
M3 Money Supply YoY
Oct/15 16% 16.9%
2026-11-18 11:30 AM
M3 Money Supply YoY
Oct/31 16%


Related Last Previous Unit Reference
Cash Reserve Ratio 3.00 3.00 percent Oct 2026
Central Bank Balance Sheet 50793.70 50938.53 INR Billion Sep 2026
Foreign Exchange Reserves 721020.00 726030.00 USD Million Oct 2026
Interbank Rate 6.56 6.53 percent Oct 2026
RBI Interest Rate 5.50 5.25 percent Oct 2026
Bank Loan Growth YoY 19.40 18.10 percent Oct 2026
Money Supply M1 79198.84 78942.86 INR Billion Aug 2026
Money Supply M2 81613.34 81357.36 INR Billion Aug 2026
M3 Money Supply YoY 337664.75 330674.46 INR Billion Sep 2026
Reverse Repo Rate 3.35 3.35 percent Sep 2026


India Money Supply M3
India Money Supply M3 includes M2 plus long-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
337664.75 330674.46 337664.75 20.57 1951 - 2026 INR Billion Biweekly
Current Prices, NSA