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How is the economy doing?

How is India's economy doing, by the official numbers?

CPI inflation was 4.82% in Aug 2026; real GDP grew 7.8% in the latest quarter. Every series comes straight from MoSPI and the RBI and is checked against the published figures.

Written for investors who want the macro backdrop without the commentary. Data to Aug 2026.

CPI inflation

4.8%
year on year, Aug 2026

Inside its usual range of 4.4% to 9.3%. The low is 0.0%, in November 1999. Up from 2.1% a year ago.

19902000201020200.0%5.0%10.0%15.0%20.0%19.7%, Nov 1998usual range, 4.4% to 9.3%4.8%19902000201020200.0%5.0%10.0%15.0%20.0%19.7%, Nov 1998usual range, 4.4% to 9.3%4.8%19902000201020200.0%5.0%10.0%15.0%20.0%19.7%, Nov 1998usual range, 4.4% to 9.3%4.8%199019952000200520102015202020250.0%5.0%10.0%15.0%20.0%19.7%, Nov 1998usual range, 4.4% to 9.3%4.8%

What it is. Consumer prices against a year earlier.

How to read it. The RBI targets 4%, with a band from 2% to 6%. Readings outside the band put pressure on policy.

Source: MoSPI / National Statistics Office, eSankhyiki API Method Data Full history and numbers

Real GDP growth

7.8%
year on year, Apr 2026

Above its usual range of 5.4% to 7.7%. The record is 22.6%, in April 2021. Up from 6.9% a year ago.

201520202025−20.0%0.0%20.0%22.6%, Apr 2021−23.1%, Apr 2020usual range, 5.4% to 7.7%7.8%201520202025−30.0%−20.0%−10.0%0.0%20.0%30.0%22.6%, Apr 2021−23.1%, Apr 2020usual range, 5.4% to 7.7%7.8%201420162018202020222024−30.0%−20.0%−10.0%0.0%20.0%30.0%22.6%, Apr 2021−23.1%, Apr 2020usual range, 5.4% to 7.7%7.8%2014201620182020202220242026−30.0%−20.0%−10.0%0.0%20.0%30.0%22.6%, Apr 2021−23.1%, Apr 2020usual range, 5.4% to 7.7%7.8%

What it is. The economy's output after inflation, against the same quarter a year earlier.

How to read it. The broadest measure of growth. It is revised later, sometimes by a lot.

Source: MoSPI / National Statistics Office, eSankhyiki API Method Data Full history and numbers

The scorecard

Every monthly indicator on one table, grouped by what it measures, with where the latest reading sits in the indicator's whole history.

Year-on-year growth or rate, %, unless marked. Sources: MoSPI (CPI, WPI, IIP, PLFS, GDP), RBI, PPAC via JODI (oil demand).
IndicatorPeriodLatestPreviousA year ago5-year medianPercentileTwo years
Prices
CPI inflation, headline Aug 2026 4.82% 4.45%2.07%4.87% 39
Core (ex food and fuel) Aug 2026 4.44% 4.17%4.11%4.34% 32
Food and beverages Aug 2026 5.66% 5.25%0.05%5.58% 52
CPI, rural Aug 2026 5.23% 4.84%1.69%5.34% 44
CPI, urban Aug 2026 4.31% 3.96%2.47%4.65% 33
Wholesale prices (WPI) Aug 2026 9.92% 9.78%0.00%1.92% 88
Output
Industrial production (IIP) Aug 2026 8.0% 7.4%4.7%5.1% 73
Manufacturing Aug 2026 9.0% 8.2%3.6%5.3% 93
Mining Aug 2026 −5.6% −0.9%15.8%4.7% 7
Electricity Aug 2026 12.3% 8.7%3.7%4.6% 89
Capital goods Aug 2026 16.9% 19.0%6.0%8.3% 91
Infrastructure and construction goods Aug 2026 6.4% 8.0%9.2%7.9% 52
Consumer durables Aug 2026 11.1% 12.0%0.9%4.6% 88
Consumer non-durables Aug 2026 2.1% −0.8%0.1%2.1% 44
Services: median growth across sub-sectors Jul 2026 10.0% 9.6%–10.0% 75
Services: share of sub-sectors growing Jul 2026 89% 95%–89% 75
Petroleum product demand Mar 2026 1.1% 6.3%−0.4%3.5% 27
Growth (quarterly)
Real GDP Q ending Jun 2026 7.8% 8.6%6.9%7.4% 77
Nominal GDP Q ending Jun 2026 10.3% 9.2%8.1%10.4% 40
Private consumption (real) Q ending Jun 2026 7.1% 7.5%6.8%6.8% 60
Investment (real fixed capital formation) Q ending Jun 2026 11.9% 10.5%5.8%8.0% 84
Jobs
Unemployment rate Aug 2026 5.0% 5.1%5.1%5.1% 29
Unemployment, ages 15 to 29 Aug 2026 15.1% 15.6%14.6%15.0% 65
Unemployment, women Aug 2026 5.1% 5.4%5.2%5.4% 35
Labour force participation Aug 2026 55.6% 55.4%55.0%55.4% 76
Money and credit
Real repo rate (repo minus CPI) Aug 2026 +0.43 +0.80+3.43+1.31 40
Bank credit growth (adjusted history) 6 Feb 2026 14.9% 13.4%12.5%12.7% 76
Bank deposit growth 6 Feb 2026 12.5% 10.7%10.6%10.4% 91
Broad money (M3) growth 15 Sept 2026 16.6% 16.7%9.5%9.8% 78
External
Current account, last four quarters Q ending Sept 2025 −$12.8 bn −$21.3 bn−$31.2 bn−$31.2 bn 46
Reserves, months of imports 18 Sept 2026 11.2 11.411.511.1 53

Not yet on this page: the core sector index, GST collections, EPFO payroll and state-level prices. PMI is published by S&P Global under licence and is not part of MoSPI's data.

What is driving prices

Consumer inflation by division of the 2024-base CPI, then the individual items moving most. In Aug 2026, 68 of 358 items were more than 6% dearer than a year earlier and 39 were cheaper. Items carry very different weights, so the item lists show where prices are moving, not what moves the headline.

CPI inflation by division, % on a year earlier; the 2024 series gives year-on-year rates from January 2026. Colour saturates at ±8.
Jan ’26Feb ’26Mar ’26Apr ’26May ’26Jun ’26Jul ’26Aug ’26
Personal care, social protection and miscellaneous goods and services +19.1+19.6+18.6+17.7+18.5+16.7+14.8+15.2
Restaurants and accommodation services +2.9+2.7+2.9+4.2+5.7+6.9+7.7+8.4
Food and beverages +2.1+3.4+3.7+4.0+4.5+5.0+5.2+5.7
Paan, tobacco and intoxicants +2.9+3.5+4.2+4.8+4.8+4.8+4.8+4.7
Transport +0.1−0.10.00.0+1.8+4.3+4.4+4.6
Education services +3.4+3.3+3.3+3.1+3.0+3.4+3.7+3.7
Clothing and footwear +3.0+2.8+2.8+2.8+3.0+3.2+3.4+3.6
Furnishings, household equipment and routine household maintenance +1.4+1.4+1.4+1.6+1.9+2.2+2.4+2.7
Housing, water, electricity, gas and other fuels +1.5+1.5+2.0+1.7+1.7+2.0+2.2+2.6
Information and communication +0.2+0.3+0.3+0.5+0.3+0.4+0.6+2.0
Recreation, sport and culture +2.3+2.2+2.5+2.1+2.0+1.7+1.6+1.7
Health +2.2+1.9+1.8+1.6+1.5+1.4+1.3+1.3
All items (headline) +2.7+3.2+3.4+3.5+3.9+4.4+4.5+4.8

Rising fastest

  1. Silver jewelleryPersonal care107.1%
  2. GingerFood and beverages73.8%
  3. OnionFood and beverages48.3%
  4. GarlicFood and beverages43.6%
  5. Gold /diamond /platinum jewelleryPersonal care35.5%
  6. Small millets and its productsFood and beverages29.8%
  7. SugarFood and beverages24.2%
  8. AirfareTransport20.9%
  9. CigarettesPaan20.0%
  10. LitchiFood and beverages19.8%
  11. Dry chilliesFood and beverages18.9%
  12. Coconut: copraFood and beverages17.8%

Falling fastest

  1. TomatoFood and beverages−31.1%
  2. Coconut oilFood and beverages−29.9%
  3. PotatoFood and beverages−13.1%
  4. SingaraFood and beverages−11.4%
  5. Peas, chickpeasFood and beverages−7.4%
  6. Motor car and jeepTransport−6.7%
  7. Lady's fingerFood and beverages−5.4%
  8. Parwal/patal and KundruFood and beverages−3.6%
  9. Motor cycle and scooterTransport−3.3%
  10. CoconutFood and beverages−3.0%
  11. Green chilliesFood and beverages−2.6%
  12. Baby foodFood and beverages−2.4%

CPI items, all India, combined, Aug 2026, % on a year earlier. Source: MoSPI.

Wholesale prices by group, % on a year earlier (WPI 2011-12 base). Colour saturates at ±15.
May ’25Jun ’25Jul ’25Aug ’25Sept ’25Oct ’25Nov ’25Dec ’25Jan ’26Feb ’26Mar ’26Apr ’26
Crude petroleum & natural gas −11.5−10.8−10.6−9.9−3.8−7.5−8.7−6.0−7.8−2.4+36.0+67.2
Other manufacturing +22.9+26.2+28.0+30.8+32.3+33.6+36.0+52.3+52.7+55.5+54.8+48.4
Mineral oils −8.1−5.8−4.9−4.7−3.6−2.2−3.4−3.3−5.6−5.4+3.5+39.5
Non-food articles +1.3+2.2+3.7+5.6+3.6+2.1+3.9+3.5+7.7+8.6+11.5+12.2
Minerals +0.6−0.3+4.2+4.7+8.6+10.3+12.2+11.3+11.4+11.5+3.2+12.1
Textiles +0.40.00.0+1.3+1.8+1.9+1.9+1.8+2.3+3.7+4.9+7.3
Basic metals −3.1−3.3−2.6−0.50.0−1.6−1.2+0.1+3.2+4.9+4.0+7.0
Tobacco products +4.3+2.0+1.8+3.2+2.1+3.2+2.8+2.0+1.2+4.7+5.4+5.7
Chemicals and chemical products +1.0+0.5+0.3+0.4+0.4+0.4+0.2+0.5+0.5+1.0+2.2+5.1
Other transport equipment +4.0+4.6+4.5+4.9+5.3+4.7+4.2+4.3+5.0+5.7+4.2+4.5
Electrical equipment +0.7+0.9+0.8+1.2+1.5+1.7+1.9+2.2+3.3+3.5+3.7+4.2
Food products +8.4+6.9+6.9+7.3+4.6+1.8+0.7+1.0+1.3+1.2+1.8+2.9
Furniture +3.1+4.5+3.8+2.8+2.9+2.0+0.7+1.7+1.5+2.0+1.2+2.6
Food index +1.9−0.3−2.1+0.2−1.9−5.0−2.5−0.1+1.5+1.8+1.8+2.3
Other non-metallic mineral products +1.0+2.1+2.6+3.1+2.1+1.7+0.8+0.6+0.8+0.5+1.3+2.3
Wearing apparel +2.1+2.1+2.3+1.9+1.6+1.6+2.3+1.5+2.0+2.0+1.8+2.2
Rubber and plastics products +0.8+0.5+0.1+0.1+0.3−0.5−0.1−0.9−0.6−0.2+1.0+2.1
Food articles −1.3−3.6−6.3−3.1−5.1−8.3−4.1−0.5+1.7+2.1+1.9+2.0
Machinery and equipment +0.9+1.3+1.4+1.6+1.1+1.5+1.8+2.1+1.3+1.8+0.9+1.9
Pharmaceuticals, medicinal chemical and botanical products +1.3+1.2+0.9+0.6+1.2+1.9+1.6+1.5+0.3+0.6+1.3+1.8
Paper and paper products +1.4+1.2+1.0+0.1+0.3+0.4+1.4+1.4+0.8−0.3+0.9+1.8
Printing and reproduction of recorded media +1.8+2.4+2.1+2.4+2.9+2.2+1.4+0.5+0.6+1.3+0.2+1.5
Wood and of products of wood and cork +0.5+0.6+0.10.0+1.1+1.6+1.4+1.7+1.1+1.1+1.1+1.5
Coal +0.7+0.7+0.3+0.4+0.4+0.4+0.4+1.0+1.8+1.8+1.8+1.4
Leather and related products +2.9+2.3+2.9+2.3+1.9+1.4+1.6+1.3+0.9+1.7+3.0+1.2
Fabricated metal products, except machinery and equipment +1.0+0.7+0.1+0.3+0.5+1.3+0.7+0.1+1.0−0.4−0.1+0.6
Motor vehicles, trailers and semi-trailers +0.6+0.5+0.5+0.7+0.9+0.7+0.8+0.3+0.2+0.4+0.4+0.5
Beverages +1.7+1.5+1.2+1.2+1.0+1.0+0.9+0.7+1.0+0.5+0.4+0.4
Computer, electronic and optical products −0.2+0.2+1.1+0.6+0.2+0.7+0.1+0.5+0.2−0.20.0−0.1
Electricity +1.6+1.9+0.6−1.1−1.3−5.1−1.1−1.8−3.6−3.1−6.0−0.9
All commodities (headline) +0.1−0.2−0.6+0.5+0.2−1.0−0.1+1.0+1.7+2.3+3.9+8.3

What actually contributes to inflation?

A fast-rising small category need not move headline inflation much. These Aug 2026 contributions combine each division's weight and index change, on the 2024 base, with the rounding residual shown separately.

Contributions to headline CPI inflation

How to read it. The coloured contributions add to inflation, apart from the small displayed rounding residual. They are calculated from index changes and prior headline CPI; weight multiplied by division inflation would use the wrong denominator.

Food and beveragesHousing, utilities and fuelsTransportOther nine divisions

Loading chart…

Source: MoSPI/NSO eSankhyiki CPI 2024, all-India combined; official division weights
Method JSON
Same 2024 base throughout; no cross-base attribution. Twelve divisions plus the rounding residual.
DivisionOfficial weightInflation contributionMore
Food and beverages36.75%+2.09 pts
Paan, tobacco and intoxicants2.99%+0.14 pts
Clothing and footwear6.38%+0.23 pts
Housing, water, electricity, gas and other fuels17.67%+0.45 pts
Furnishings, household equipment and routine household maintenance4.47%+0.12 pts
Health6.10%+0.08 pts
Transport8.80%+0.40 pts
Information and communication3.61%+0.07 pts
Recreation, sport and culture1.52%+0.03 pts
Education services3.33%+0.13 pts
Restaurants and accommodation services3.35%+0.28 pts
Personal care, social protection and miscellaneous goods and services5.04%+0.80 pts
Rounding residual–0.00 pts

Which industries are growing

Industrial production by manufacturing industry, on the 2022-23 base. In Aug 2026, 18 of 23 industries produced more than a year earlier. Sorted by the latest month; single months are noisy, so read along a row.

Growth on a year earlier, %. Colour saturates at ±20. Source: MoSPI, IIP.
Sept ’25Oct ’25Nov ’25Dec ’25Jan ’26Feb ’26Mar ’26Apr ’26May ’26Jun ’26Jul ’26Aug ’26
Electrical equipment +8.8+10.7+22.3+25.9+15.6+17.6+14.5+21.7+21.7+37.6+30.5+30.9
Other transport equipment +10.2−1.6+15.2+25.3+12.1+18.4+13.3+24.3+9.6+25.2+28.9+25.3
Motor Vehicles, Trailers and Semi-trailers +9.9+3.7+18.6+13.3+11.6+14.6+18.0+12.4+15.3+18.3+24.7+25.2
Rubber and Plastics Products +4.2−5.0+5.7+1.1+1.0+1.2−1.1+25.3+4.3+20.5+20.0+21.4
Computer, Electronic and Optical Products +8.0−9.4+7.2+7.6+0.4+4.4+0.9+5.0+19.9+12.1+11.5+19.3
Beverages −12.8−9.8−2.8−2.8−3.5−6.3−6.3−5.6+5.6+11.9+20.7+18.3
Fabricated Metal Products, Except Machinery and Equipment +11.6+3.0+11.5+12.1+13.5+12.2+5.6+11.2+14.0+8.9+9.0+16.9
Textiles +2.6−4.4+10.8+4.0−0.2−21.2+10.6+16.2+13.2+13.2+4.5+13.1
Other Non-metallic Mineral Products +5.9+2.3+10.1+10.9+7.8+7.8+2.0+3.3+5.8+13.5+17.3+11.4
Machinery and Equipment n.e.c. +14.2+1.3+10.4+5.2+6.8+13.1+2.3+5.1+9.5+12.3+14.6+10.3
Furniture +9.0−7.3+14.5+13.0+7.4+12.2+12.1−2.8+5.8+9.9+14.3+9.4
Wood and Products of Wood and Cork, Except Furniture; Articles of Straw and Plaiting Materials +20.3+3.6+15.5+10.0−1.6+9.2−10.6−12.5−4.9−3.8+7.8+8.6
Leather and Related Products +2.0−8.6+2.9+2.2−5.6+3.7−4.4+1.3−5.6+7.9+0.9+8.1
Printing and Reproduction of Recorded Media +7.8−1.3+5.9+0.9−5.40.0+2.9−4.1−8.3+3.9+4.6+4.8
Other manufacturing +3.1−13.6+26.1−1.8−5.5+3.7−7.9−4.7+7.4+11.1+4.1+3.2
Food products 0.0−6.8+7.3+10.4+4.2+2.7+1.3+5.5+5.2+10.3+2.1+2.8
Basic metals +11.2+7.6+10.6+11.8+13.0+9.5+7.0+4.9+4.0+3.8+2.0+2.4
Basic pharmaceutical products and pharmaceutical preparations +0.8−13.1+0.8+4.1−6.8+4.1−1.1−3.7−6.1+3.0−4.8+1.6
Paper and Paper Products +0.6+1.5+10.2+11.7+7.1+13.1+12.0+13.9+11.4+10.2+8.3−0.1
Chemicals and Chemical Products +3.2−2.7+4.5+1.4−0.5+6.1+0.1+0.1−1.5−1.0−2.9−0.5
Coke and Refined Petroleum Products −0.2+5.8+0.4−0.4−0.3−0.8+0.40.0−4.8−0.4+1.3−0.6
Wearing apparel −3.7−5.40.0+1.9−8.3−11.0−9.0−6.9−8.6−4.5−0.6−7.4
Tobacco products −6.0−7.4+11.7+19.3+15.1−16.7−15.3+2.2−6.6+3.5−11.8−8.0

Which sectors carry growth

Each cell is a sector's contribution to real gross value added growth, in percentage points; each column sums to the growth in the bottom row. In the latest quarter (Q1 FY27), finance and real estate added the most (3.2 points of 8.2%).

Contribution to real GVA growth, percentage points; the last row is real GVA growth itself. Colour saturates at ±3.
Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Agriculture +0.4+0.3+0.6+0.5+0.6+1.2+0.7+0.8+0.5+0.4+0.8+0.6
Mining +0.10.0+0.1+0.3+0.1+0.3+0.3+0.3+0.4+0.1−0.1−0.1
Manufacturing +2.7+2.0+0.9+1.3+1.2+1.8+1.7+1.1+1.6+1.4+1.3+1.3
Electricity, gas, water +0.4+0.3+0.2+0.30.00.00.0−0.1+0.10.0+0.1+0.2
Construction +1.2+0.7+0.7+0.8+0.5+0.5+0.7+0.5+0.7+0.6+0.8+0.7
Trade, hotels, transport +1.5+1.5+1.6+1.2+1.1+0.9+0.8+1.4+1.6+1.6+1.8+1.3
Finance and real estate +1.0+1.7+2.2+2.2+2.7+2.3+1.9+2.3+2.7+2.7+3.1+3.2
Public administration and others +0.6+1.0+1.1+0.9+0.8+0.5+0.4+0.6+0.7+0.8+0.9+1.0
Real GVA growth, % +7.9+7.4+7.5+7.5+7.0+7.6+6.6+7.0+8.3+7.6+8.7+8.2
Industrial production by use, growth on a year earlier, %. Colour saturates at ±15.
Sept ’25Oct ’25Nov ’25Dec ’25Jan ’26Feb ’26Mar ’26Apr ’26May ’26Jun ’26Jul ’26Aug ’26
Primary goods +6.6+0.4+1.1+2.4+1.90.0+0.2+0.8+2.7+5.4+4.2+3.5
Capital goods +13.2+5.4+16.6+12.9+12.4+16.5+8.5+12.0+15.5+17.9+19.0+16.9
Intermediate goods +6.4+1.2+8.2+7.7+5.6+4.7+6.0+10.3+5.8+11.5+10.4+13.7
Infrastructure and construction +9.8+5.1+12.0+12.3+12.9+10.1+5.2+6.0+6.6+8.8+8.0+6.4
Consumer durables +4.6−6.0+13.0+7.4−0.2+4.2+2.4+5.6+8.0+10.3+12.0+11.1
Consumer non-durables −0.5−9.4+3.9+5.9−1.2+1.6−0.6+0.2−0.4+5.6−0.8+2.1

Inflation

Consumer prices are what the RBI targets: 4%, within a band of 2% to 6%. Food swings with the weather, so core inflation, which leaves out food and fuel, shows the underlying trend. Wholesale prices move with commodities and feed into company costs.

Consumer price inflation

Year on year, all India, combined. Base 2024 from January 2026; see the method note on linking.

How to read it. Headline inflation is a blend of food, fuel and core. When the headline moves away from core, food or fuel is driving it; when core moves, the change is broader.

Headline CPICore (ex food and fuel)Food and beverages

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Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

CPI inflation since 1989

Linked series across base years.

How to read it. The long view, from before the RBI adopted its inflation target in 2016. Compare today's reading with the whole history, not just recent years.

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Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence; before 2011 IndiaDataHub spliced CPI (INCPBLCPIA12M:IND)
Method JSON

Wholesale against consumer inflation

Year on year.

How to read it. Wholesale prices swing more because they are heavy in commodities and fuel. When WPI runs above CPI, producers' input costs are rising faster than what consumers pay.

WPICPI

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Source: Office of the Economic Adviser (DPIIT), via MoSPI eSankhyiki
Method JSON

Growth

GDP is the broadest measure of output but arrives quarterly and is revised later. Industrial production comes monthly and is noisier. Read the two together, and read nominal growth too: it is what company revenues follow.

GDP growth, quarterly

Year on year. Base 2022-23 from Q1 FY24; earlier quarters on base 2011-12.

How to read it. The gap between the two lines is inflation across the whole economy (the GDP deflator). The 2020 collapse is the lockdown; the jump a year later is a base effect from it, not a boom.

Real GDPNominal GDP

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Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

Industrial production

Year on year, three-month average to smooth festival-month swings.

How to read it. Factories, mines and power plants. Read the trend over several months; a single month can swing on how holidays fell.

Loading chart…

Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

Real GDP growth since 1951

Fiscal years.

How to read it. Seven decades on one axis. Years of contraction are rare and stand out below the line.

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Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

What spending adds to GDP growth

Expenditure contributions for Q1 FY27, including imports with a negative sign and an explicit accounting residual. Contributions describe the national-accounts identity; they do not establish why spending changed.

Expenditure contributions, base 2022-23

How to read it. Each contribution divides the change from the same quarter a year earlier by prior-year real GDP. The full table includes government spending, stocks and valuables. Bases are selectable rather than joined into one path.

Private consumptionFixed investmentNet exportsAccounting residual

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Source: MoSPI/NSO eSankhyiki national accounts, latest revisions within each base
Method JSON
Q1 FY27, base 2022-23. The residual balances the reported expenditure components to GDP and can be material; it is not assigned to consumption or investment.
Expenditure componentReal GDP growth contribution
Private Final Consumption Expenditure+3.95 pts
Government Final Consumption Expenditure+0.47 pts
Gross Fixed Capital Formation+3.95 pts
Change in Stock−0.26 pts
Valuables−0.09 pts
Export of Goods and Services+2.73 pts
Import of Goods and Services+0.29 pts
Accounting residual (including discrepancies)−3.21 pts

Real and price contributions to nominal GDP growth

How to read it. The two parts sum exactly to nominal growth. The price contribution includes the interaction of real growth and the GDP deflator, so it differs from standalone deflator inflation.

Real output growthPrice contribution, including interaction

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Source: MoSPI/NSO eSankhyiki national accounts, latest revisions within each base
Method JSON

Jobs

India's labour data come from the Periodic Labour Force Survey. The urban quarterly bulletin has the longest run; the monthly survey began only in 2025, so it is not yet long enough to say what is usual.

Urban unemployment

PLFS quarterly bulletin, current weekly status, ages 15+.

How to read it. Youth unemployment runs well above the overall rate. Watch whether the two lines move together or apart.

Urban unemploymentUrban youth (15–29)

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Source: MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

Money and credit

The policy rate matters most after inflation: a real rate above zero means money is tight, below zero means it is cheap. Bank credit and liquidity show whether money is actually reaching borrowers.

Explore credit and deposits: growth, funding ratios, sectors, industries and NBFC lending →

Latest official credit release: Aug 2026

RBI reports non-food credit growth of 18.8% for all scheduled commercial banks, released on 30 Sept 2026. Sector growth below covers 41 selected banks, accounting for about 95% of all-SCB non-food credit.

Headline and sector reporting universes differ. Since December 2025, current month-end is compared with the former year-ago reporting fortnight. These are source-reported rates; no detailed loan amounts are inferred.
Credit categoryCurrent year-on-year growthGrowth reported a year earlierChange in growthMore
Non-food credit, all SCBs18.8%10.2%+8.6 pts
Agriculture and allied activities17.2%7.6%+9.6 pts
Industry18.2%7.0%+11.2 pts
Services24.3%10.3%+14.0 pts
Personal loans16.9%11.9%+5.0 pts

The merger-adjusted total-credit and deposit history below still ends in January 2026 upstream. It is kept separately because it has a different construction from this fresh non-food credit release.

Real policy rate

Repo rate minus CPI inflation, month-end.

How to read it. Above zero, borrowers pay more than inflation; below zero, inflation erodes their debt. The line moves when either the rate or inflation changes.

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Source: IndiaDataHub (RBI, FBIL, CCIL series); CPI from MoSPI / National Statistics Office, eSankhyiki API (api.mospi.gov.in), GODL licence
Method JSON

Bank credit and deposit growth

Year on year, fortnightly, adjusted for the HDFC merger.

How to read it. When credit grows faster than deposits for long, banks have to compete harder for deposits or borrow elsewhere.

Bank creditBank deposits

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Source: IndiaDataHub (RBI, FBIL, CCIL series)
Method JSON

Banking system liquidity

RBI's net liquidity injection.

How to read it. Above zero, banks have surplus cash parked with the RBI; below zero, they are borrowing from it. A deficit usually goes with firmer short-term rates.

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Source: IndiaDataHub (RBI, FBIL, CCIL series)
Method JSON

Saving, investment and spending

How much India saves and invests, and what its output is spent on. In FY25, gross saving was 34.7% of GDP and the investment rate 34.9%, on the new 2022-23 base; households saved 21.5%. MoSPI re-measures the economy with each new base year, so the three series below are drawn separately and never joined: the jump at a join is a change of measurement, not of behaviour.

Gross saving, % of GDP

Financial years from FY51, at current prices; each point is dated by the year the financial year begins. Measured against GDP, so it differs slightly from MoSPI's headline, which uses national disposable income.

How to read it. Saving climbed from 9% of GDP in FY51 to a peak of 37.8% in FY08 on the back series. Compare years within one line only.

Back series, base 2011-12Base 2011-12Base 2022-23

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Source: MoSPI/NSO national accounts (eSankhyiki API), via Data bank mospi_nas. GODL-India.
Method JSON

Investment rate, % of GDP

Gross fixed capital formation plus change in stocks and valuables, at current prices.

How to read it. When investment runs above saving, the difference is roughly what the country borrows from abroad, its current-account deficit. Read the two charts side by side, within one base.

Back series, base 2011-12Base 2011-12Base 2022-23

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Source: MoSPI/NSO national accounts (eSankhyiki API), via Data bank mospi_nas. GODL-India.
Method JSON

Household consumption, % of GDP

Private final consumption expenditure, quarterly at current prices. Not seasonally adjusted.

How to read it. Households' spending is the largest part of GDP: 55.6% in the quarter from Apr 2026 on the new base. Quarters have a season, so compare a quarter with the same quarter a year earlier.

Base 2022-23Base 2011-12

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Source: MoSPI/NSO national accounts (eSankhyiki API), via Data bank mospi_nas. GODL-India.
Method JSON

Fixed investment, % of GDP

Gross fixed capital formation, quarterly at current prices. Not seasonally adjusted.

How to read it. The share of output going into buildings, machinery and infrastructure. Where the two lines overlap, the gap between them is the effect of the new base alone.

Base 2022-23Base 2011-12

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Source: MoSPI/NSO national accounts (eSankhyiki API), via Data bank mospi_nas. GODL-India.
Method JSON

What households spend

The Household Consumption Expenditure Survey measures what Indians spend per person each month (MPCE). In 2023-24 it was ₹4,122 in villages and ₹6,996 in towns and cities, up 9.2% and 8.3% on 2022-23 in current rupees. Food took 48.4% of rural spending and 40.3% of urban. The two surveys are a year apart, so these are snapshots, not trends.

Average monthly spending per person (₹) and the Gini coefficient of spending (0 = everyone spends the same; 1 = one person spends everything). 'With imputation' adds the value of items received free through welfare schemes; MoSPI's headline is without.
SurveyFree itemsRural MPCEUrban MPCERural GiniUrban GiniMore
2022-23With imputation₹3,860₹6,5210.2610.309
2022-23Without imputation₹3,773₹6,4590.2660.314
2023-24With imputation₹4,247₹7,0780.2300.279
2023-24Without imputation₹4,122₹6,9960.2370.284
Monthly spending per person (₹, without imputation) by fractile: persons ranked by their spending, poorest first. Spending by the poorest 5% in villages rose 22.1% between the surveys; by the top 5%, it fell 3.5%.
FractileRural 2022-23Rural 2023-24ChangeUrban 2022-23Urban 2023-24ChangeMore
0-5%₹1,373₹1,677+22.1%₹2,001₹2,376+18.7%
5-10%₹1,782₹2,126+19.3%₹2,607₹3,093+18.6%
10-20%₹2,112₹2,473+17.1%₹3,157₹3,687+16.8%
20-30%₹2,454₹2,833+15.4%₹3,762₹4,353+15.7%
30-40%₹2,768₹3,162+14.2%₹4,348₹4,979+14.5%
40-50%₹3,094₹3,498+13.1%₹4,963₹5,622+13.3%
50-60%₹3,455₹3,866+11.9%₹5,662₹6,334+11.9%
60-70%₹3,887₹4,304+10.7%₹6,524₹7,199+10.3%
70-80%₹4,458₹4,885+9.6%₹7,673₹8,353+8.9%
80-90%₹5,356₹5,763+7.6%₹9,582₹10,139+5.8%
90-95%₹6,638₹6,929+4.4%₹12,399₹12,817+3.4%
95-100%₹10,501₹10,137−3.5%₹20,824₹20,310−2.5%
All persons₹3,773₹4,122+9.2%₹6,459₹6,996+8.3%
Share of monthly spending by item, % (without imputation). Click a column to sort.
ItemRural 2022-23Rural 2023-24Urban 2022-23Urban 2023-24More
Beverages, Processed Food, etc.9.4%9.6%10.5%11.0%
Milk and Milk Products8.1%8.2%7.2%7.1%
Cereal6.9%7.6%4.5%4.8%
Conveyance7.4%7.4%8.5%8.4%
Durable Goods6.8%6.3%7.1%6.8%
Fuel and Light6.5%5.9%6.2%5.5%
Vegetables5.3%5.9%3.8%4.1%
Clothing & Bedding5.2%5.6%4.6%4.8%
Consumer Services Excluding Conveyance5.0%5.1%5.9%5.7%
Egg, Fish & Meat4.8%4.8%3.5%3.5%
Medical (Non- Hospitalization)4.7%4.4%4.0%3.9%
Pan, Tobacco & Intoxicants3.7%3.7%2.4%2.3%
Spices2.9%3.2%2.1%2.3%
Education3.2%3.1%5.7%5.9%
Toilet Articles2.7%2.8%2.8%3.0%
Edible Oil3.5%2.7%2.4%1.8%
Fruits (fresh)2.5%2.6%2.5%2.6%
Other Household Consumables2.3%2.3%2.1%2.1%
Medical (Hospitalization)2.3%2.2%1.9%1.9%
Pulses and Pulse Products1.7%1.7%1.2%1.2%
Fruits (dry)1.2%1.2%1.3%1.2%
Entertainment1.1%1.0%1.6%1.8%
Footwear0.9%1.0%0.8%0.9%
Sugar0.8%0.8%0.5%0.5%
Rent0.8%0.6%6.5%6.5%
Gram0.2%0.3%0.2%0.2%
Other Taxes & Cesses0.1%0.2%0.2%0.3%
Salt0.1%0.1%0.1%0.1%
Cereal Substitutes0.0%0.0%0.0%0.0%
Monthly spending per person by state and union territory (₹, without imputation), richest rural first. Click a column to sort.
State or UTRural 2023-24Urban 2023-24Urban ÷ ruralRural 2022-23Urban 2022-23More
Sikkim₹9,377₹13,9271.49₹7,731₹12,105
Chandigarh₹8,857₹13,4251.52₹7,467₹12,575
Goa₹8,048₹9,7261.21₹7,367₹8,734
Andaman & Nicobar Islands₹7,771₹10,4531.35₹7,332₹10,268
Puducherry₹7,598₹8,6371.14₹6,590₹7,706
Delhi₹7,400₹8,5341.15₹6,576₹8,217
Kerala₹6,611₹7,7831.18₹5,924₹7,078
Lakshadweep₹6,350₹6,3771.00₹5,895₹5,475
Tripura₹6,259₹8,0341.28₹5,206₹7,405
Arunachal Pradesh₹5,995₹9,8321.64₹5,276₹8,636
Mizoram₹5,963₹8,7091.46₹5,224₹7,655
Himachal Pradesh₹5,825₹9,2231.58₹5,561₹8,075
Punjab₹5,817₹7,3591.27₹5,315₹6,544
Tamil Nadu₹5,701₹8,1651.43₹5,310₹7,630
Telangana₹5,435₹8,9781.65₹4,802₹8,158
Haryana₹5,377₹8,4271.57₹4,859₹7,911
Andhra Pradesh₹5,327₹7,1821.35₹4,870₹6,782
Nagaland₹5,155₹8,0221.56₹4,393₹7,098
Ladakh₹5,010₹7,5331.50₹4,035₹6,215
Uttarakhand₹5,003₹7,4861.50₹4,641₹7,004
Karnataka₹4,903₹8,0761.65₹4,397₹7,666
Jammu & Kashmir₹4,774₹6,3271.33₹4,296₹6,179
Manipur₹4,531₹5,9451.31₹4,360₹4,880
Rajasthan₹4,510₹6,5741.46₹4,263₹5,913
Dadra & Nagar Haveli and Daman & Diu₹4,311₹6,8371.59₹4,184₹6,298
Maharashtra₹4,145₹7,3631.78₹4,010₹6,657
Gujarat₹4,116₹7,1751.74₹3,798₹6,621
Meghalaya₹3,852₹7,8392.04₹3,514₹6,433
Assam₹3,793₹6,7941.79₹3,432₹6,136
Bihar₹3,670₹5,0801.38₹3,384₹4,768
West Bengal₹3,620₹5,7751.60₹3,239₹5,267
Uttar Pradesh₹3,481₹5,3951.55₹3,191₹5,040
Madhya Pradesh₹3,441₹5,5381.61₹3,113₹4,987
Odisha₹3,357₹5,8251.74₹2,950₹5,187
Jharkhand₹2,946₹5,3931.83₹2,763₹4,931
Chhattisgarh₹2,739₹4,9271.80₹2,466₹4,483

Source: MoSPI/NSO Household Consumption Expenditure Survey 2022-23 and 2023-24 (eSankhyiki API), via Data bank mospi_hces. GODL-India. Method.

Release calendar

When each series was last published and when the next print is due, by the official release rule.

SeriesRelease ruleLatest periodNext releaseMore
CPI12th of each month, for the previous month (4 pm IST)2026-08-012026-10-12
WPI14th of each month, for the previous month2026-08-012026-10-14
IIP28th of each month, for the previous month2026-08-012026-10-28
ISParound the 28th of each month, for two months earlier (trial series)2026-07-012026-10-28
GDPlast working day of Feb, May, Aug and Nov, for the quarter ended two months earlier2026-04-012026-11-30
PLFS_MONTHLYaround the 15th of each month, for the previous month2026-08-012026-10-15

The workings

Method

Data

Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.

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