Markets Actual Q2 Q3 Q4 Q1 2022
Currency 73.01 73.34 73.68 74.02 74.36 75.03
Stock Market (points) 50242.97 49089 47948 46838 45752 43581
Government Bond 10Y (%) 5.98 6.03 6.09 6.15 6.2 6.32

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 7.90 2.3 1.4 2.2 1.3 1
GDP Annual Growth Rate (%) 0.40 15 8.5 5.5 5.7 7
Unemployment Rate (%) 6.50 6.9 6.5 6.3 6.4 6.2
Inflation Rate (%) 4.29 5 5.5 4.4 4.2 4.1
Interest Rate (%) 4.00 4 4 4 4.25 4.75
Cash Reserve Ratio (%) 3.50 3 3 3 3 3
Balance of Trade (USD Million) -15100.00 -12100 -15750 -17300 -12000 -7200
Current Account (USD Million) -1723.59 -2400 -1500 -2600 -44400 -14400
Current Account to GDP (%) -0.90 -1.5 -1.5 -1.5 -2.6 -2.6
Government Debt to GDP (%) 69.62 85 85 85 84 84
Government Budget (% of GDP) -9.50 -7.4 -7.4 -7.4 -6.7 -6.7
Business Confidence (points) 114.10 116 118 109 107 102
Manufacturing PMI (points) 55.50 52 51 51 52.3 51
Services PMI (points) 54.00 52 51 52.6 52 50.8
Consumer Confidence (points) 52.00 63 76 89 91 85
Corporate Tax Rate (%) 25.17 25.17 25.17 35 35 25.17
Personal Income Tax Rate (%) 35.88 35.88 35.88 35.88 35.88 35.88

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 7.90 2.3 1.4 2.2 1.3 1
GDP Annual Growth Rate (%) 0.40 15 8.5 5.5 5.7 7
GDP (USD Billion) 2868.93 2850 2850 2850 3000 3000
GDP Constant Prices (INR Billion) 36222.75 30930 35959 38215 38287 40890
Gross National Product (INR Tens Of Million) 13280223.00 16701371 15757380 14010635 14037196 14991380
Gross Fixed Capital Formation (INR Billion) 11939.93 6891 10412 12597 12621 13478
GDP per capita (USD) 2169.10 2100 2100 2100 2320 2320
GDP per capita PPP (USD) 6754.30 7500 7500 7500 7500 8000
GDP From Agriculture (INR Billion) 6364.44 5229 4126 6714 6727 7184
GDP From Construction (INR Billion) 2730.26 1504 2421 2880 2886 3082
GDP From Manufacturing (INR Billion) 5555.96 4041 6290 5862 5873 6272
GDP From Mining (INR Billion) 728.31 819 680 768 770 822
GDP From Public Administration (INR Billion) 4499.36 4309 4430 4747 4756 5079
GDP From Utilities (INR Billion) 756.51 873 901 798 800 854

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.50 6.9 6.5 6.3 6.4 6.2
Labor Force Participation Rate (%) 49.80 52 52 52.5 52.5 52.5
Population (Million) 1347.12 1361 1361 1361 1373 1373
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Minimum Wages ( INR/Day) 178.00 178 178 178 190 190
Youth Unemployment Rate (%) 34.70 26 26 26 26 26

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 4.29 5 5.5 4.4 4.2 4.1
Consumer Price Index CPI (points) 157.90 159 165 164 163 171
GDP Deflator (points) 146.10 142 142 145 145 152
Producer Prices (points) 131.70 122 127 130 134 136
Producer Prices Change (%) 10.49 2.5 3.4 4.5 4 4.5
Export Prices (points) 402.00 400 400 400 407 407
Import Prices (points) 569.00 515 515 515 570 570
Food Inflation (%) 2.02 6 6.1 5.3 5.1 5.3
Inflation Expectations (%) 10.20 9.5 9.6 9.1 9.2 8.7
Inflation Rate Mom (%) 0.70 1.2 0.6 0.9 0.5 0.7
Cpi Housing Utilities (points) 161.40 162 165 165 167 171
CPI Transportation (points) 146.90 142 148 148 152 154

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 4.00 4 4 4 4.25 4.75
Cash Reserve Ratio (%) 3.50 3 3 3 3 3
Interbank Rate (%) 3.33 3.32 3.32 3.32 3.57 3.57
Money Supply M1 (INR Billion) 46042.95 42601 39601 39598 39598 40598
Money Supply M2 (INR Billion) 47554.20 46419 45419 41419 41419 40419
Money Supply M3 (INR Billion) 189073.83 177379 177379 176503 176503 176503
Central Bank Balance Sheet (INR Billion) 28483.67 28300 27500 27900 26300 24200
Foreign Exchange Reserves (USD Million) 589470.00 550000 543000 522000 522000 512000
Loan Growth (%) 5.70 6.1 6.3 6.2 6.1 6.4
Reverse Repo Rate (%) 3.35 3.35 3.35 3.35 3.35 3.35

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -15100.00 -12100 -15750 -17300 -12000 -7200
Current Account (USD Million) -1723.59 -2400 -1500 -2600 -44400 -14400
Current Account to GDP (%) -0.90 -1.5 -1.5 -1.5 -2.6 -2.6
Imports (USD Million) 45720.00 39500 43850 47200 42100 40100
Exports (USD Million) 30630.00 27400 28100 29900 30100 32900
Terms of Trade (points) 73.70 77.67 77.67 84.21 77.67 71.4
Foreign Direct Investment (USD Million) -2881.00 3800 2700 2600 2400 3600
Capital Flows (USD Million) -166.97 100 -75 -75 27 7.98
Remittances (USD Million) 14015.54 14800 14000 13800 13800 13800
Tourist Arrivals 0.00 390000 395000 400000 400000 510000
Gold Reserves (Tonnes) 676.61 662 650 650 650 650

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 69.62 85 85 85 84 84
Government Budget (% of GDP) -9.50 -7.4 -7.4 -7.4 -6.7 -6.7
Government Budget Value (INR Billion) -14055.47 -10600 -8040 -6208 -10920 -8000
Government Spending (INR Billion) 3551.03 5596 3932 3746 3753 4009
Government Revenues (INR Billion) 14130.96 1460 5110 10980 17200 11500
Fiscal Expenditure (INR Billion) 28186.43 9500 15100 21900 26500 19500
Government Spending To GDP (% of GDP) 13.21 20 20 20 19 19

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 25.17 25.17 25.17 35 35 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 2022
Business Confidence (points) 114.10 116 118 109 107 102
Manufacturing PMI (points) 55.50 52 51 51 52.3 51
Services PMI (points) 54.00 52 51 52.6 52 50.8
Industrial Production (%) 22.40 15.1 6.7 4.5 4 4.2
Industrial Production Mom (%) 10.60 1.4 0.8 1 0.3 0.8
Manufacturing Production (%) 25.80 4.2 3.9 3.9 3.8 5.6
Car Production (Units) 202645.00 221000 233000 195000 190000 195000
Car Registrations 177578.00 180000 215000 219000 217000 220000
Steel Production (Thousand Tonnes) 10000.00 8700 8600 8740 8740 8650
Mining Production (%) 6.10 3.5 2 2 1.5 2.4
Composite PMI (points) 55.40 52.3 51 53 52 51.1
Cement Production (Thousands of Tonnes ) 32874.00 29000 30900 31791 31791 32791

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 52.00 63 76 89 91 85
Consumer Spending (INR Billion) 21217.19 16803 19490 22384 22427 23951
Disposable Personal Income (INR Million) 199689740.00 237765134 224326235 210672676 211072055 225419763
Bank Lending Rate (%) 8.80 8.8 8.8 8.8 9.05 9.05
Households Debt To GDP (% of GDP) 37.30 11.5 11.5 12 12 12
Gasoline Prices (USD/Liter) 1.21 1.1 1.05 0.89 0.95 0.9

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 101.00 118 117 119 118 120
Construction Output (%) 6.80 4.2 5.1 5.1 3.5 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.