Data to 14 October 2026
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EconomyIndia macro

How is India's economy doing this month?

The newest readings run to Sept 2026. At their latest reading, 18 of 30 indicators were growing faster than their own usual pace over the previous three years and 8 slower. Each colour compares an indicator with its own past, so a fast-growing series like UPI is not always blue.

Written for readers who want to know how the economy is doing before GDP arrives. Readings to Sept 2026.

The month by month picture

Each row is one indicator; each cell, one month's growth on the same month a year earlier, or the growth rate the publisher states. Most spending, industry and energy, trade and credit indicators were running faster than usual at their latest reading.

Months shown

Growth on a year earlier, %, as the publisher states it for core industries, cement output, steel output, industrial production, manufacturing output, bank credit and bank deposits. Indicators are published at different lags, so the newest columns are not full.

Indicator Oct2023NovDecJan2024FebMarAprMayJunJulAugSeptOctNovDecJan2025FebMarAprMayJunJulAugSeptOctNovDecJan2026FebMarAprMayJunJulAugSept Oct so far
Payments
UPI payments, value 41.646.142.241.847.940.338.837.336.034.630.730.737.023.927.527.520.225.221.923.019.821.520.620.616.122.120.320.722.219.221.218.920.319.120.018.0 18.3
UPI payments to merchants 56.466.163.766.471.860.865.261.860.053.945.042.951.134.133.028.723.129.425.025.122.023.825.627.123.627.627.830.430.928.528.325.226.123.523.723.3
IMPS transfers, value 15.517.717.218.621.216.213.715.315.415.812.411.416.94.45.57.1−0.95.25.05.74.96.43.45.62.010.210.111.014.110.812.78.611.612.717.8
Credit card spending 38.439.930.530.425.719.817.917.315.719.013.223.813.05.413.810.612.122.517.715.115.312.313.723.06.211.58.98.16.08.97.16.810.07.4
Debit card spending −22.2−11.2−18.2−18.5−16.6−16.7−19.6−17.5−19.2−16.0−17.3−14.4−10.1−21.0−15.3−14.3−17.2−12.7−13.2−15.1−14.0−14.8−14.1−8.3−10.0−12.5−8.2−2.6−3.4−2.8−3.2−4.2−0.5−0.5
Cash withdrawn at ATMs −4.94.1−4.0−4.2−2.4−3.0−6.0−6.9−6.9−7.0−6.6−5.92.8−12.6−6.2−3.4−8.4−5.2−8.0−5.4−9.9−6.9−5.9−5.8−11.9−2.6−4.9−4.6−1.8−5.4−5.6−6.0−5.4−5.3
Travel and transport
FASTag toll trips 13.012.313.010.212.210.67.63.65.89.46.86.57.911.99.814.818.711.916.616.415.514.815.713.617.217.115.815.57.714.013.213.415.415.514.7
Goods vehicle registrations 9.0−2.90.3−0.91.3−8.8−0.71.7−5.54.9−7.9−11.94.2−6.5−7.56.4−7.91.1−3.2−5.65.0−2.25.42.722.021.625.919.131.920.019.414.025.233.322.842.6
Petrol consumption 4.89.40.29.78.96.914.23.44.610.58.63.08.79.611.06.75.05.75.09.26.95.95.57.97.42.67.16.16.17.66.83.47.49.28.27.9
Diesel consumption 9.3−3.1−2.43.46.32.71.42.41.04.5−2.5−1.90.18.55.94.2−1.30.84.22.11.52.31.26.5−0.34.85.23.34.38.10.81.56.110.06.85.6
Jet fuel consumption 12.311.79.37.312.610.213.110.910.19.78.110.59.48.48.69.34.35.74.04.33.3−2.3−3.0−0.82.15.30.35.53.90.7−0.10.90.0−0.72.31.0
Domestic air passengers 10.89.08.34.64.83.72.44.45.87.35.76.48.111.98.212.011.68.88.41.93.0−2.9−1.4−2.92.76.9−4.23.7−0.4−1.2−3.59.5−1.1−4.8−6.3
Cargo at major ports 2.14.35.75.9−3.3−4.73.26.313.47.04.45.54.02.611.512.114.612.97.65.10.62.56.69.48.88.4
Spending
Two-wheeler registrations −11.920.827.915.514.26.232.73.35.318.26.1−7.836.316.7−17.24.3−6.4−1.32.97.45.0−6.42.56.651.7−2.510.820.925.628.613.78.522.229.120.633.6
Car and four-wheeler registrations 0.519.74.415.214.5−3.618.01.7−4.413.5−1.3−16.336.7−10.5−0.917.8−8.07.85.50.25.31.34.09.415.122.129.09.529.127.514.227.933.322.920.135.2
Tractor registrations 6.6−21.20.321.811.7−3.20.2−1.8−26.4−12.7−13.112.52.128.724.74.1−15.5−6.37.02.38.310.529.43.014.055.515.022.636.912.424.515.630.432.23.316.4
Taxes
GST collections 13.014.910.210.413.011.012.610.27.410.310.56.89.68.67.812.39.210.613.317.36.58.26.910.07.60.76.16.28.18.88.73.213.915.414.8
E-way bills generated 30.98.813.516.719.114.214.717.316.619.513.218.717.016.417.523.214.920.423.619.119.826.123.322.99.728.424.616.819.614.011.911.114.36.07.2
Industry and energy
Peak power demand met 5.88.914.49.57.1−6.50.2−0.23.24.87.05.12.5−5.4−2.71.34.43.7−3.95.12.1−0.15.212.412.212.613.113.4 24.4
Electricity supplied 6.110.515.38.98.2−4.90.61.14.02.72.96.72.2−4.9−1.52.14.33.2−6.03.91.10.74.411.010.911.112.411.2 23.2
Core industries 12.77.95.14.27.16.36.96.95.56.5−1.62.12.74.05.05.13.44.91.40.51.13.26.23.10.83.55.65.23.22.92.73.26.05.04.8
Cement output 16.9−4.73.84.17.810.60.40.52.05.5−2.57.53.112.810.114.310.712.15.78.17.911.15.45.15.215.114.011.39.14.78.38.49.912.712.5
Steel output 13.69.78.39.29.47.59.58.88.58.03.63.05.58.19.36.57.39.78.79.210.215.715.314.39.511.611.113.89.99.64.75.15.61.93.4
Industrial production 11.92.54.44.25.65.57.17.37.37.82.14.75.65.96.16.32.95.84.83.42.25.44.76.1−0.97.06.74.14.43.04.95.08.87.48.0
Manufacturing output 10.61.34.63.64.95.95.76.07.27.83.45.56.46.26.47.23.17.05.84.22.45.13.65.5−0.78.87.74.65.74.06.15.29.58.29.0
Trade
Merchandise exports 5.8−3.30.84.311.9−0.615.010.93.3−5.2−14.1−1.016.6−5.3−1.5−2.6−10.90.9−3.9−1.3−1.413.25.65.9−12.518.51.10.4−0.9−7.414.318.715.519.6
Merchandise imports 8.9−3.9−7.01.711.7−7.011.17.35.311.910.48.33.216.82.711.3−14.212.520.0−1.3−3.59.1−9.617.617.9−1.510.220.024.5−6.010.020.631.017.5
Crude oil imports 3.3−2.20.36.4−5.4−0.57.26.4−5.4−0.55.77.46.41.92.6−1.36.79.5−1.3−3.88.4−2.6−2.08.35.410.58.3−0.64.8−14.3−12.74.7−3.913.3−3.8
Credit
Bank credit 15.416.215.616.116.616.315.216.113.915.115.014.412.811.812.412.512.012.111.39.910.411.011.010.411.311.514.514.614.516.116.017.718.619.319.118.1
Bank deposits 12.712.912.612.512.512.912.812.210.611.011.312.012.111.110.210.610.610.610.410.110.310.410.49.59.810.212.712.511.913.512.312.213.315.417.817.3

Faster than usual About usual Slower than usual Usual: the indicator's own 36 previous months, skipping April 2020 to March 2022. Darker means further from usual. A shrinking series is blue when it shrank less than usual. Blank: not published yet, or a month the publisher's own data leaves incomplete.

Payments

Payments: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: National Payments Corporation of India, product statistics; National Payments Corporation of India, UPI ecosystem statistics; Reserve Bank of India, Payment System Indicators (RBI Bulletin Table 45, via DBIE)
Method JSON

UPI payments, value: 18.0% on a year earlier in Sept 2026

Monthly, Apr 2016 to Sept 2026. ₹ lakh crore a month.

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: National Payments Corporation of India, product statistics; National Payments Corporation of India, UPI ecosystem statistics; Reserve Bank of India, Payment System Indicators (RBI Bulletin Table 45, via DBIE)
Method JSON

Travel and transport

Travel and transport: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: National Payments Corporation of India, product statistics; Ministry of Road Transport and Highways, Vahan registration dashboard; Petroleum Planning and Analysis Cell, consumption of petroleum products; Directorate General of Civil Aviation, monthly traffic statistics of Indian carriers; Ministry of Ports, Shipping and Waterways, monthly major-port traffic
Method JSON

FASTag toll trips: 14.7% on a year earlier in Aug 2026

Monthly, Dec 2016 to Aug 2026. Million trips a month. Toll and parking transactions plus annual-pass trips (counted separately from August 2025).

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: National Payments Corporation of India, product statistics; Ministry of Road Transport and Highways, Vahan registration dashboard; Petroleum Planning and Analysis Cell, consumption of petroleum products; Directorate General of Civil Aviation, monthly traffic statistics of Indian carriers; Ministry of Ports, Shipping and Waterways, monthly major-port traffic
Method JSON

Spending

Spending: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: Ministry of Road Transport and Highways, Vahan registration dashboard
Method JSON

Two-wheeler registrations: 33.6% on a year earlier in Sept 2026

Monthly, Jan 2003 to Sept 2026. Lakh a month. New registrations, not sales.

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: Ministry of Road Transport and Highways, Vahan registration dashboard
Method JSON

Taxes

Taxes: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: GST Network, GST statistics (state-wise collections and e-way bills)
Method JSON

GST collections: 14.8% on a year earlier in Aug 2026

Monthly, Aug 2017 to Aug 2026. ₹ lakh crore a month. CGST, SGST and IGST, gross, before refunds; cess left out.

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: GST Network, GST statistics (state-wise collections and e-way bills)
Method JSON

Industry and energy

Industry and energy: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: Grid-India (NLDC), daily power supply position report; Office of the Economic Adviser, DPIIT, Index of Eight Core Industries; MoSPI, Index of Industrial Production (bases linked)
Method JSON

Peak power demand met: 13.4% on a year earlier in Sept 2026

Monthly, Jan 2023 to Sept 2026. Thousand MW, average of daily peaks. The highest demand met each day, averaged over the month. A month with a missing day report is left out.

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: Grid-India (NLDC), daily power supply position report
Method JSON

Core industries: 4.8% in Aug 2026

Monthly, Apr 2005 to Aug 2026, as the publisher states it. Eight industries: coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. Growth within each base year.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Method JSON

Cement output: 12.5% in Aug 2026

Monthly, Apr 2005 to Aug 2026, as the publisher states it.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Method JSON

Steel output: 3.4% in Aug 2026

Monthly, Apr 2005 to Aug 2026, as the publisher states it.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Method JSON

Industrial production: 8.0% in Aug 2026

Monthly, Apr 1995 to Aug 2026, as the publisher states it.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: MoSPI, Index of Industrial Production (bases linked)
Method JSON

Manufacturing output: 9.0% in Aug 2026

Monthly, Apr 2013 to Aug 2026, as the publisher states it.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: MoSPI, Index of Industrial Production (bases linked)
Method JSON

Trade

Trade: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: Reserve Bank of India, India's foreign trade in US dollars (via DBIE); Petroleum Planning and Analysis Cell, imports and exports of crude oil and products
Method JSON

Merchandise exports: 19.6% on a year earlier in Jul 2026

Monthly, Apr 1990 to Jul 2026. US$ billion a month.

How to read it. The top panel is the monthly amount over its whole history. The bars below compare each month with the same month a year earlier.

AmountGrowth on a year earlier

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Source: Reserve Bank of India, India's foreign trade in US dollars (via DBIE); Petroleum Planning and Analysis Cell, imports and exports of crude oil and products
Method JSON

Credit

Credit: growth on a year earlier, last three years

Monthly, from Sept 2023. Each panel on its own scale. The full history of each indicator is below.

How to read it. Each panel is one indicator's growth on the same month a year earlier.

Loading chart…

Source: Reserve Bank of India, Section 42 returns of scheduled commercial banks (via DBIE)
Method JSON

Bank credit: 18.1% in Sept 2026

Monthly, Jun 1998 to Sept 2026, as the publisher states it. RBI's series adjusted for HDFC's merger into HDFC Bank from July 2023 to August 2025. Month's last reporting date.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: Reserve Bank of India, Section 42 returns of scheduled commercial banks (via DBIE)
Method JSON

Bank deposits: 17.3% in Sept 2026

Monthly, Jun 1998 to Sept 2026, as the publisher states it. RBI's series adjusted for HDFC's merger into HDFC Bank from July 2023 to August 2025. Month's last reporting date.

How to read it. Each bar is the month's growth on the same month a year earlier, over the whole history.

Loading chart…

Source: Reserve Bank of India, Section 42 returns of scheduled commercial banks (via DBIE)
Method JSON

When each indicator is published

Daily and weekly series arrive within days; RBI's payment and trade tables and MoSPI's industrial production take one to three months. The oldest latest reading on this page is for Jul 2026.

IndicatorGroupLatest monthSourceMore
UPI payments, valuePaymentsSept 2026National Payments Corporation of India, product statistics
UPI payments to merchantsPaymentsSept 2026National Payments Corporation of India, UPI ecosystem statistics
FASTag toll tripsTravel and transportAug 2026National Payments Corporation of India, product statistics
IMPS transfers, valuePaymentsAug 2026National Payments Corporation of India, product statistics
Credit card spendingPaymentsJul 2026Reserve Bank of India, Payment System Indicators (RBI Bulletin Table 45, via DBIE)
Debit card spendingPaymentsJul 2026Reserve Bank of India, Payment System Indicators (RBI Bulletin Table 45, via DBIE)
Cash withdrawn at ATMsPaymentsJul 2026Reserve Bank of India, Payment System Indicators (RBI Bulletin Table 45, via DBIE)
Two-wheeler registrationsSpendingSept 2026Ministry of Road Transport and Highways, Vahan registration dashboard
Car and four-wheeler registrationsSpendingSept 2026Ministry of Road Transport and Highways, Vahan registration dashboard
Tractor registrationsSpendingSept 2026Ministry of Road Transport and Highways, Vahan registration dashboard
Goods vehicle registrationsTravel and transportSept 2026Ministry of Road Transport and Highways, Vahan registration dashboard
GST collectionsTaxesAug 2026GST Network, GST statistics (state-wise collections and e-way bills)
E-way bills generatedTaxesAug 2026GST Network, GST statistics (state-wise collections and e-way bills)
Petrol consumptionTravel and transportSept 2026Petroleum Planning and Analysis Cell, consumption of petroleum products
Diesel consumptionTravel and transportSept 2026Petroleum Planning and Analysis Cell, consumption of petroleum products
Jet fuel consumptionTravel and transportSept 2026Petroleum Planning and Analysis Cell, consumption of petroleum products
Domestic air passengersTravel and transportAug 2026Directorate General of Civil Aviation, monthly traffic statistics of Indian carriers
Cargo at major portsTravel and transportAug 2026Ministry of Ports, Shipping and Waterways, monthly major-port traffic
Peak power demand metIndustry and energySept 2026Grid-India (NLDC), daily power supply position report
Electricity suppliedIndustry and energySept 2026Grid-India (NLDC), daily power supply position report
Core industriesIndustry and energyAug 2026Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Cement outputIndustry and energyAug 2026Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Steel outputIndustry and energyAug 2026Office of the Economic Adviser, DPIIT, Index of Eight Core Industries
Industrial productionIndustry and energyAug 2026MoSPI, Index of Industrial Production (bases linked)
Manufacturing outputIndustry and energyAug 2026MoSPI, Index of Industrial Production (bases linked)
Merchandise exportsTradeJul 2026Reserve Bank of India, India's foreign trade in US dollars (via DBIE)
Merchandise importsTradeJul 2026Reserve Bank of India, India's foreign trade in US dollars (via DBIE)
Crude oil importsTradeAug 2026Petroleum Planning and Analysis Cell, imports and exports of crude oil and products
Bank creditCreditSept 2026Reserve Bank of India, Section 42 returns of scheduled commercial banks (via DBIE)
Bank depositsCreditSept 2026Reserve Bank of India, Section 42 returns of scheduled commercial banks (via DBIE)

The workings

The question

How is the economy doing?

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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