Macro

India's economy, from the official numbers

CPI inflation was 4.82% in Aug 2026; real GDP grew 7.8% in the latest quarter. Every series straight from MoSPI and RBI, with our checks against the published figures.

For: investors who want the macro backdrop without the commentary.

The dashboard

Latest reading of each indicator, the one before, a year earlier, and where the latest sits in its own history.
Indicator	Period	Latest	Previous	A year ago	Percentile	Unit
CPI inflation	2026-08	4.82	4.45	2.07	31	% y/y
Core CPI (ex food and fuel)	2026-08	4.44	4.17	4.11	32	% y/y
CPI food and beverages	2026-08	5.66	5.25	0.05	52	% y/y
WPI inflation	2026-08	9.92	9.78	0.00	88	% y/y
Real GDP growth	Q1 FY27	7.82	8.56	6.86	77	% y/y
Nominal GDP growth	Q1 FY27	10.33	9.16	8.06	40	% y/y
Industrial production	2026-08	7.97	7.35	4.67	73	% y/y
Services production, median sub-sector	2026-07	10.00	9.60	–	75	% y/y
Unemployment rate (PLFS monthly, 15+)	2026-08	5.00	5.10	5.10	29	%
Labour force participation (PLFS monthly, 15+)	2026-08	55.60	55.40	55.00	76	%
Urban unemployment (PLFS quarterly, 15+)	2026 Apr-Jun	6.70	6.60	6.80	31	%
Policy repo rate	2026-09-11	5.25	5.25	5.50	19	%
Real repo rate	2026-08	0.43	0.80	3.43	40	%
10-year G-sec yield (FBIL par)	2026-09-30	7.19	7.18	6.61	72	%
Term spread (10-year minus 91-day, weekly)	2026-09-30	1.67	1.75	1.13	67	pp
Bank credit growth	2026-01-31	14.92	13.40	12.50	48	% y/y
Bank deposit growth	2026-01-31	12.51	10.67	10.63	40	% y/y
RBI net liquidity injection	2026-09-29	-3,27,407.00	-3,36,013.00	-1,56,312.00	17	Rs crore
USD/INR	2026-09-30	95.94	95.95	88.81	100	rupees per dollar

Inflation

Consumer price inflation

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

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.

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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.

WPICPI

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

Method JSON

Growth

GDP growth, quarterly

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

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.

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

Method JSON

Real GDP growth since 1951

Fiscal years.

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

Method JSON

Jobs

Urban unemployment

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

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

Real interest rates

Repo rate and 10-year yield minus CPI inflation, month-end.

Real repo rateReal 10-year G-sec

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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.

Bank creditBank deposits

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Source: IndiaDataHub (RBI, FBIL, CCIL series)

Method JSON

Banking system liquidity

RBI's net liquidity injection; above zero means surplus liquidity in banks.

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Source: IndiaDataHub (RBI, FBIL, CCIL series)

Method JSON

Release calendar

Series	Release rule	Latest period	Next release
CPI	12th of each month, for the previous month (4 pm IST)	2026-08-01	2026-10-12
WPI	14th of each month, for the previous month	2026-08-01	2026-10-14
IIP	28th of each month, for the previous month	2026-08-01	2026-10-28
ISP	around the 28th of each month, for two months earlier (trial series)	2026-07-01	2026-10-28
GDP	last working day of Feb, May, Aug and Nov, for the quarter ended two months earlier	2026-04-01	2026-11-30
PLFS_MONTHLY	around the 15th of each month, for the previous month	2026-08-01	2026-10-15