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INDIA economic forecast.

Economic data 2024

Economic Indicators Glossary

Our comprehensive glossary is designed to help you understand what each economic indicator means, how it’s calculated, and what it reveals about the economy. With our glossary, you’ll gain a deeper understanding of the economic landscape and be able to make more informed decisions.

See the glossary

 

Markets Actual Q3/24 Q4/24 Q1/25 Q2/25
Currency 83.53 83.78 84.11 84.45 84.79
Stock Market (points) 80527.73 77785 76115 74478 72872
Government Bond 10Y (%) 7.11 6.99 6.95 6.92 6.89
Overview Actual Q3/24 Q4/24 Q1/25 Q2/25
GDP Growth Rate (%) 2.10 1.6 1.5 1.1 1
GDP Annual Growth Rate (%) 7.80 6.8 7 6.9 6.5
Unemployment Rate (%) 7.64 7.3 6.9 6.8 6.9
Inflation Rate (%) 4.75 4.4 4.6 4.9 4.3
Interest Rate (%) 6.50 6.5 6 5.75 5.5
Cash Reserve Ratio (%) 4.50 4.5 4.5 4.5 4.5
Balance of Trade (USD Billion) -23.80 -18 -17 -17 -18
Current Account (USD Million) 5700.00 -7200 -7300 -7500 -8300
Services PMI (points) 60.50 56 55 54 56
Manufacturing PMI (points) 58.30 56.7 56.4 55 54
Business Confidence (points) 130.30 135 138 134 131
Consumer Confidence (points) 97.50 103 105 106 103
Current Account to GDP (% of GDP) -1.20 -1.3
Government Debt to GDP (% of GDP) 86.54 87.5
Government Budget (% of GDP) -5.63 -5.1
GDP Actual Q3/24 Q4/24 Q1/25 Q2/25
GDP Growth Rate (%) 2.10 1.6 1.5 1.1 1
GDP Annual Growth Rate (%) 7.80 6.8 7 6.9 6.5
GDP Constant Prices (INR Billion) 47237.84 44704 46873 50497 50308
Gross Fixed Capital Formation (INR Billion) 15701.94 15327 15052 16785 16723
GDP from Utilities (INR Billion) 927.85 1043 959 992 988
GDP from Mining (INR Billion) 1004.93 736 884 1074 1070
GDP from Construction (INR Billion) 4200.90 3418 3865 4491 4474
GDP from Agriculture (INR Billion) 6308.86 4710 7613 6744 6719
GDP from Manufacturing (INR Billion) 7709.03 7339 6997 8241 8210
GDP from Public Administration (INR Billion) 5236.87 5426 5520 5598 5577
GDP (USD Billion) 3549.92 3809
Gross National Product (INR Tens Of Million) 17034386.00 18226793
GDP per Capita (USD) 2239.25 2403
GDP per Capita PPP (USD) 9172.10 9842
Full Year GDP Growth (%) 8.20 7.3
Labour Actual Q3/24 Q4/24 Q1/25 Q2/25
Unemployment Rate (%) 7.64 7.3 6.9 6.8 6.9
Labour Force Participation Rate (%) 50.20 50.5 50.8 50.6 50.7
Population (Million) 1373.76 1450
Minimum Wages (INR/Day) 178.00 178
Prices Actual Q3/24 Q4/24 Q1/25 Q2/25
Inflation Rate (%) 4.75 4.4 4.6 4.9 4.3
Consumer Price Index CPI (points) 187.60 192 194 195 196
Producer Prices (points) 153.30 156 155 155 157
Producer Prices Change (%) 2.61 2.5 1.9 2.2 2.7
Food Inflation (%) 8.70 7.6 6.2 5.9 5.3
WPI Fuel YoY (%) 1.35 3.7 4 3.4 3.5
WPI Manufacturing YoY (%) 0.78 2.2 3.5 3.2 3
WPI Food Index YoY (%) 7.40 6.4 5 4.3 4.1
Inflation Rate MoM (%) 0.48 0.8 0.4 0.2 0.3
CPI Transportation (points) 166.40 168 168 169 169
CPI Housing Utilities (points) 180.10 184 185 187 188
GDP Deflator (points) 172.60 178
Export Prices (points) 159.60 163
Import Prices (points) 157.30 167
Money Actual Q3/24 Q4/24 Q1/25 Q2/25
Interest Rate (%) 6.50 6.0 5.75 5.5 5.5
Cash Reserve Ratio (%) 4.50 4.5 4.5 4.5 4.5
Interbank Rate (%) 7.29 6.79 6.54 6.29 6.29
Money Supply M1 (INR Billion) 60903.73 63100 63900 64300 65000
Money Supply M2 (INR Billion) 61855.49 62600 64000 64200 64700
Money Supply M3 (INR Billion) 253518.89 255000 260000 263000 268000
Central Bank Balance Sheet (INR Billion) 35870.80 37200 37500 38000 38600
Foreign Exchange Reserves (USD Million) 652000.00 670000 675000 674300 672000
Loan Growth (%) 19.20 20.3 20 19.4 19.5
Reverse Repo Rate (%) 3.35 3 3 2.5 2.5
Trade Actual Q3/24 Q4/24 Q1/25 Q2/25
Balance of Trade (USD Billion) -23.80 -18 -17 -17 -18
Current Account (USD Million) 5700.00 -7200 -7300 -7500 -8300
Exports (USD Billion) 38.13 40 42 43 45
Imports (USD Billion) 61.91 58 59 60 63
Foreign Direct Investment (USD Million) 5957.00 6950 7500 7800 7570
Capital Flows (USD Million) -88.70 50 60 45 70
Tourist Arrivals 650748.00 700000 11200000 890000 670000
Current Account to GDP (% of GDP) -1.20 -1.3
Terms of Trade (points) 147.00 97.6
Government Actual Q3/24 Q4/24 Q1/25 Q2/25
Fiscal Expenditure (INR Tens of Million) 423470.00 2180000 3170000 4900000 1100000
Government Debt to GDP (% of GDP) 86.54 87.5
Government Budget (% of GDP) -5.63 -5.1
Government Spending to GDP (% of GDP) 14.92 14.4
Business Actual Q3/24 Q4/24 Q1/25 Q2/25
Services PMI (points) 60.50 56 55 54 56
Manufacturing PMI (points) 58.30 56.7 56.4 55 54
Business Confidence (points) 130.30 135 138 134 131
Industrial Production (%) 5.00 3.4 6.1 5 5.2
Industrial Production Mom (%) -7.63 -0.7 7.1 9 -1.2
Manufacturing Production (%) 3.90 3.1 3.7 4.9 4.5
Car Production (Units) 151538.00 155903 113875 158963 158357
Car Registrations (Units) 160306.00 171000 165000 191000 173000
Mining Production (%) 6.69 3.9 4.1 4.8 4.5
Composite PMI (points) 60.90 58 56.6 55.4 54
Category Actual Q3/24 Q4/24 Q1/25 Q2/25
Consumer Confidence (points) 97.50 103 105 106 103
Consumer Spending (INR Billion) 24971.79 25019 27531 26695 26595
Bank Lending Rate (%) 10.25 10.25 9.75 9.5 9.25
Gasoline Prices (USD/Liter) 1.14 1.14 1.16 1.19 1.22
Disposable Personal Income (INR Million) 296383300.00
Housing Actual Q3/24 Q4/24 Q1/25 Q2/25
Housing Index (points) 115.00 115 118 113 113
Construction Output (%) 6.30 3 4.8 5 5

Last updated: July, 2024

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