Markets Actual Q2 Q3 Q4 Q1 2021
Currency 75.88 76.41 76.76 77.12 77.47 78.17
Stock Market (points) 30672.59 29961 29265 28587 27924 26599
Government Bond 10Y (%) 5.96 6.02 6.07 6.13 6.19 6.3

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.10 -7.2 -3.4 1.5 1.1 1.2
GDP Annual Growth Rate (%) 4.70 1 1.1 1.5 1.9 2.5
Unemployment Rate (%) 7.80 10 11.5 12 11.7 9.8
Inflation Rate (%) 5.84 4.5 4.6 5.2 5.2 4.5
Interest Rate (%) 4.00 4 3.75 3.5 3.75 3.75
Cash Reserve Ratio (%) 3.00 3 3 3 3 3
Balance of Trade (USD Million) -6760.00 -14200 -9300 -14100 -9200 -14100
Current Account (USD Million) -1400.00 -8000 -7000 -9000 -12000 -12600
Current Account to GDP (%) -2.10 -1.6 -1.6 -1.6 -2.2 -2.2
Government Debt to GDP (%) 69.62 75 75 75 80 80
Government Budget (% of GDP) -3.34 -10 -10 -10 -7.4 -7.4
Business Confidence (points) 105.00 92 95 94 96 99
Services PMI (points) 5.40 42 44 48 50.2 52.6
Manufacturing PMI (points) 27.40 43 47 50.8 50.2 51
Consumer Confidence (points) 83.70 69 72 71 75 79
Corporate Tax Rate (%) 25.17 25.17 25.17 25.17 25.17 25.17
Personal Income Tax Rate (%) 35.88 35.88 35.88 35.88 35.88 35.88

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.10 -7.2 -3.4 1.5 1.1 1.2
GDP Annual Growth Rate (%) 4.70 1 1.1 1.5 1.9 2.5
GDP (USD Billion) 2800.00 2950 2950 2950 3100 3100
GDP Constant Prices (INR Billion) 36650.03 35653 36270 37200 37346 38130
Gross National Product (INR Tens Of Million) 14522931.00 14024731 14031708 14740775 14798867 15109294
Gross Fixed Capital Formation (INR Billion) 10718.87 11351 10390 10880 10923 11152
GDP per capita (USD) 2104.20 2900 2900 2900 2180 3200
GDP per capita PPP (USD) 6899.20 7148 7200 7200 7148 7440
GDP From Agriculture (INR Billion) 6091.05 4414 3684 6182 6207 6337
GDP From Construction (INR Billion) 2601.70 2650 2462 2641 2651 2707
GDP From Manufacturing (INR Billion) 5593.35 5773 5804 5677 5700 5819
GDP From Mining (INR Billion) 854.29 932 703 867 871 889
GDP From Public Administration (INR Billion) 4749.47 4233 4640 4821 4840 4941
GDP From Utilities (INR Billion) 728.17 820 800 739 742 758

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 7.80 10 11.5 12 11.7 9.8
Labor Force Participation Rate (%) 49.80 51.5 51.5 51.5 51.5 52.5
Population (Million) 1312.24 1326 1326 1326 1340 1340
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Living Wage Family (INR/Month) 19400.00 18500 18500 19800 19800 20000
Minimum Wages ( INR/Day) 178.00 178 178 178 190 190
Wages High Skilled (INR/Month) 43200.00 45500 45500 46500 46500 47500
Youth Unemployment Rate (%) 23.70 24 24 24 24 24

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 5.84 4.5 4.6 5.2 5.2 4.5
Consumer Price Index CPI (points) 148.60 150 153 158 156 165
GDP Deflator (points) 138.80 136 136 142 142 145
Producer Prices (points) 121.10 125 125 128 126 133
Producer Prices Change (%) 1.00 3.2 3.4 3.9 3.9 4.5
Export Prices (points) 376.00 385 385 385 385 400
Import Prices (points) 513.00 510 510 510 510 510
Food Inflation (%) 8.76 12 10 5.8 5.8 4.3
Inflation Expectations (%) 9.20 5.5 5.1 4.5 4.5 5.1
Inflation Rate Mom (%) -0.34 0.6 0.4 0.32 0.32 0.32
Cpi Housing Utilities (points) 154.50 157 159 161 163 168
CPI Transportation (points) 129.90 131 132 136 137 142

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 4.00 4 3.75 3.5 3.75 3.75
Cash Reserve Ratio (%) 3.00 3 3 3 3 3
Interbank Rate (%) 3.48 3.48 3.23 2.98 3.23 3.23
Central Bank Balance Sheet (INR Billions) 26848.05 18200 18200 19426 19426 19826
Foreign Exchange Reserves (USD Million) 487039.00 424000 428000 420000 420000 422000
Loan Growth (%) 6.50 13 11.5 12 12 12
Reverse Repo Rate (%) 3.35 3.75 3.75 3.75 3.75 3.75

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -6760.00 -14200 -9300 -14100 -9200 -14100
Current Account (USD Million) -1400.00 -8000 -7000 -9000 -12000 -12600
Current Account to GDP (%) -2.10 -1.6 -1.6 -1.6 -2.2 -2.2
Imports (USD Million) 17120.00 32700 29100 32400 39800 36200
Exports (USD Million) 10360.00 18500 19800 22200 30600 25900
Terms of Trade (points) 73.30 75.49 75.49 75.49 75.49 78.43
Foreign Direct Investment (USD Million) 2874.00 4000 4000 2800 2800 2600
Capital Flows (USD Million) -149.89 12 12 12 12 7.98
Remittances (USD Million) 15185.47 13500 15500 14000 14000 13800
Tourist Arrivals 328462.00 720000 720000 1100000 900000 1255000
Gold Reserves (Tonnes) 618.16 630 630 632 632 650
Crude Oil Production (BBL/D/1K) 649.00 700 700 700 700 702

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 69.62 75 75 75 80 80
Government Budget (% of GDP) -3.34 -10 -10 -10 -7.4 -7.4
Government Budget Value (INR Billion) -10364.85 -4400 -6400 -6200 -6200 -6000
Government Spending (INR Billion) 3823.38 4305 4641 3881 3896 3978
Government Revenues (INR Billion) 14288.69 3400 8200 13500 13500 15500
Fiscal Expenditure (INR Billion) 24653.54 7800 14600 19700 19700 21500
Government Spending To GDP (% of GDP) 13.21 13.6 13.6 13.6 14 14

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 25.17 25.17 25.17 25.17 25.17 25.17
Personal Income Tax Rate (%) 35.88 35.88 35.88 35.88 35.88 35.88
Sales Tax Rate (%) 18.00 18 18 18 18 18
Social Security Rate (%) 24.00 24 24 24 24 24
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q2 Q3 Q4 Q1 2021
Business Confidence (points) 105.00 92 95 94 96 99
Services PMI (points) 5.40 42 44 48 50.2 52.6
Manufacturing PMI (points) 27.40 43 47 50.8 50.2 51
Industrial Production (%) -16.70 2.2 1.5 3.5 3.5 4.5
Industrial Production Mom (%) -10.00 -5 -2 0.87 0.87 0.87
Manufacturing Production (%) -20.60 2.5 1.8 5.6 5.6 5.6
Car Production (Units) 128862.00 190000 230000 200000 200000 218720
Car Registrations 110410.00 245000 245000 210000 210000 215000
Mining Production (%) 0.00 3 3 2.1 2.1 2.1
Steel Production (Thousand Tonnes) 3137.00 8950 8950 9600 9600 9650
Composite Pmi (points) 7.20 52.5 52.5 52.5 52.5 52.5
Cement Production (Thousands of Tonnes ) 24934.00 29500 275000 30091 30091 31791

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 83.70 69 72 71 75 79
Consumer Spending (INR Billion) 21662.35 19934 20221 21987 22074 22537
Disposable Personal Income (INR Million) 206752290.00 193781537 193877946 209853574 210680584 215099914
Bank Lending Rate (%) 9.40 9.4 9.15 8.9 9.15 9.15
Households Debt To GDP (% of GDP) 12.20 11.5 11.5 11.5 11.5 12
Gasoline Prices (USD/Liter) 0.92 0.88 0.84 0.8 0.76 0.72

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 114.00 123 125 130 130 142
Construction Output (%) -6.50 2.5 2.5 3 3 3


This page has economic forecasts for India including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the India economy.