Markets Actual Q1 Q2 Q3 Q4 2020
Currency 71.16 72.12 72.46 72.82 73.16 73.86
Stock Market (points) 41387.72 40937 40469 40010 39554 38656
Government Bond 10Y (%) 6.63 6.58 6.64 6.7 6.77 6.9
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 1.2 1.3 1.1 1.3 1.1
GDP Annual Growth Rate (%) 4.50 5.1 5.6 6.2 6 5.5
Unemployment Rate (%) 8.50 7.8 7.5 7.3 6.1 6.4
Inflation Rate (%) 7.35 5.7 4.5 5 5.2 4.5
Interest Rate (%) 5.15 4.9 4.7 4.5 4.5 3.75
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) -11250.00 -17000 -14200 -13300 -14100 -14100
Current Account (USD Million) -6253.68 -11000 -9000 -10000 -14600 -14600
Current Account to GDP (%) -2.30 -2.3 -2.3 -2.3 -2.3 -2.5
Government Debt to GDP (%) 68.30 70 70 70 70 68
Government Budget (% of GDP) -3.42 -3 -3 -3 -3 -3
Business Confidence (points) 112.80 115 112 111 112 111
Manufacturing PMI (points) 52.70 50.8 51 51.1 50.8 51
Services PMI (points) 53.30 49.8 50.8 51.4 51.9 52.6
Consumer Confidence (points) 89.40 95 98 98 101 102
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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 1.2 1.3 1.1 1.3 1.1
GDP Annual Growth Rate (%) 4.50 5.1 5.6 6.2 6 5.5
GDP (USD Billion) 2726.32 3100 3100 3100 3100 3420
GDP Constant Prices (INR Billion) 35993.34 38147 36856 37109 38153 40251
Gross National Product (INR Tens Of Million) 13954956.00 14310807 14345695 14387560 14792253 15605827
Gross Fixed Capital Formation (INR Billion) 11276.75 11713 11990 11626 11953 12611
GDP per capita (USD) 2104.20 2900 2900 2900 2900 3200
GDP per capita PPP (USD) 6899.20 7200 7200 7200 7200 7200
GDP From Agriculture (INR Billion) 3651.61 4985 4457 3765 3871 4084
GDP From Construction (INR Billion) 2621.49 2652 2891 2703 2779 2932
GDP From Manufacturing (INR Billion) 5765.60 6325 5840 5944 6112 6448
GDP From Mining (INR Billion) 727.76 1169 1017 750 771 814
GDP From Public Administration (INR Billion) 4674.34 4728 4283 4819 4955 5227
GDP From Utilities (INR Billion) 766.25 710 809 790 812 857
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 8.50 7.8 7.5 7.3 6.1 6.4
Labor Force Participation Rate (%) 49.80 51.5 51.5 51.5 51.5 52.5
Population (Million) 1298.04 1319 1321 1325 1327 1341
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Wages High Skilled (INR/Month) 43200.00 45500 45500 45500 46500 47500
Wages Low Skilled (INR/Month) 10900.00 17000 17000 17000 18000 18000
Youth Unemployment Rate (%) 23.70 23.4 24 24 24 24
Living Wage Family (INR/Month) 19400.00 18500 18500 18500 19800 20000
Minimum Wages ( INR/Day) 176.00 190 190 190 190 165
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.35 5.7 4.5 5 5.2 4.5
Consumer Price Index CPI (points) 150.40 149 150 152 158 165
GDP Deflator (points) 134.80 138 136 135 142 148
Producer Prices (points) 122.80 122 125 125 127 133
Producer Prices Change (%) 2.59 1.9 3.2 3.4 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 (%) 14.12 14.2 12 10 5.8 4.3
Inflation Expectations (%) 8.10 5.5 5.5 5.1 4.5 5.1
Inflation Rate Mom (%) 1.21 0.5 0.6 0.4 0.32 0.32
Cpi Housing Utilities (points) 152.80 158 157 159 161 168
CPI Transportation (points) 129.50 132 131 131 136 142
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.15 4.9 4.7 4.5 4.5 3.75
Cash Reserve Ratio (%) 4.00 4 4 4 4 4
Interbank Rate (%) 5.14 5.03 4.83 4.63 4.63 4.63
Foreign Exchange Reserves (USD Million) 461214.00 423000 424000 428000 420000 422000
Central Bank Balance Sheet (INR Billions) 20581.39 19422 18200 18200 19426 19826
Loan Growth (%) 7.60 12 13 11.5 12 12
Reverse Repo Rate (%) 4.90 4.85 4.7 4.6 4.5 4.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -11250.00 -17000 -14200 -13300 -14100 -14100
Current Account (USD Million) -6253.68 -11000 -9000 -10000 -14600 -14600
Current Account to GDP (%) -2.30 -2.3 -2.3 -2.3 -2.3 -2.5
Imports (USD Million) 38610.00 42600 43700 44100 44400 45100
Exports (USD Million) 27360.00 32200 29500 30800 32200 34900
Terms of Trade (points) 73.30 75.49 75.49 75.49 75.49 78.43
Capital Flows (USD Million) -96.61 8.64 12 12 12 7.98
Foreign Direct Investment (USD Million) 1175.00 3600 4000 4000 2800 2600
Remittances (USD Million) 16373.32 13000 13500 15500 14000 13800
Tourist Arrivals 1091946.00 985200 720000 720000 1350000 1255000
Gold Reserves (Tonnes) 618.16 630 630 630 632 650
Crude Oil Production (BBL/D/1K) 658.00 700 700 700 700 702
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 68.30 70 70 70 70 68
Government Budget (% of GDP) -3.42 -3 -3 -3 -3 -3
Government Budget Value (INR Billion) -8078.34 -6800 -4400 -6400 -6200 -6000
Government Spending (INR Billion) 4725.76 3781 4337 4872 5009 5285
Government Revenues (INR Billion) 10122.23 17600 3400 8200 13500 15500
Fiscal Expenditure (INR Billion) 18200.57 24400 7800 14600 19700 21500
Government Spending To GDP (% of GDP) 13.04 14 14 14 14 13.5
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 112.80 115 112 111 112 111
Manufacturing PMI (points) 52.70 50.8 51 51.1 50.8 51
Services PMI (points) 53.30 49.8 50.8 51.4 51.9 52.6
Industrial Production (%) 1.80 1.1 2.2 1.5 3.5 4.5
Industrial Production Mom (%) 0.70 1.2 -5 -2 0.87 0.87
Manufacturing Production (%) 2.70 1.2 2.5 1.8 5.6 5.6
Car Production (Units) 163422.00 230000 190000 230000 200000 218720
Car Registrations 191637.00 243231 245000 245000 210000 215000
Mining Production (%) 1.70 2 3 3 2.1 2.1
Steel Production (Thousand Tonnes) 8934.00 9500 8950 8950 9600 9650
Cement Production (Thousands of Tonnes ) 27156.00 34780 29500 275000 30091 31791
Composite Pmi (points) 53.70 51 52.5 52.5 52.5 52.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 89.40 95 98 98 101 102
Consumer Spending (INR Billion) 20274.01 21650 20297 20903 21490 22672
Disposable Personal Income (INR Million) 192817450.00 197734295 198216339 198794791 204386497 215627754
Bank Lending Rate (%) 9.40 9.4 9.2 9 9 9
Households Debt To GDP (% of GDP) 11.60 11.5 11.5 11.5 11.5 12
Gasoline Prices (USD/Liter) 1.05 1.15 1.18 1.21 1.24 1.24
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 105.00 120 123 125 130 142
Construction Output (%) -1.50 -0.6 2.5 2.5 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.