Knowledge Today, A Brighter Tomorrow.
Compiled from official publications of the Reserve Bank of India (RBI), Ministry of Statistics and Programme Implementation (MoSPI), GSTN, Office of the Economic Adviser, and Ministry of Commerce & Industry. Explore all 28 domestic indicators below or switch to Global Macroeconomic Benchmarks (9).
Period: September 2026
Target/Anchor: RBI inflation target: 4% ±2%
Year-on-year change in retail prices across a national basket of goods and services, the RBI's primary policy anchor. Base year 2024=100.
Period: September 2026
Target/Anchor: No official WPI target
Year-on-year change in wholesale prices of goods, an early signal of input-cost pressure feeding into retail inflation. Base year 2022-23.
Period: September 2026
Target/Anchor: MacroNest anchor: double-digit YoY growth
Gross Goods and Services Tax collected in the month, reflecting the previous month's business activity. A high-frequency proxy for domestic demand and formal-sector activity.
Period: September 2026
Target/Anchor: 50 = no change threshold
Survey-based index of factory activity. Readings above 50 signal expansion versus the previous month; the level indicates the pace of change, not output volume.
Period: September 2026
Target/Anchor: 50 = no change threshold
Survey-based index of services-sector activity, India's largest output segment. Above 50 signals month-on-month expansion.
Period: September 2026
Target/Anchor: MacroNest anchor: deficit below $30 bn/month
Gap between goods exports and goods imports in the month. A narrowing deficit eases pressure on the external account and the rupee.
Period: August 2026
Target/Anchor: MacroNest anchor: sustained growth above 4%
Year-on-year growth in industrial output across mining, manufacturing, electricity and water supply. Index level was 123.3 in the reference month.
Period: September 2026
Target/Anchor: MacroNest anchor: growth above 4%
Combined output growth of nine core infrastructure industries (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity and iron ore), which carry a large share of the IIP weight. Base year 2022-23.
Period: Week ended 16 Oct 2026
Target/Anchor: Adequate import cover >10 months
Total RBI-held foreign currency assets, gold, SDRs and IMF reserve position. The buffer available to absorb external shocks and smooth rupee volatility.
Period: Fortnight ended 15 Oct 2026
Target/Anchor: No official M3 target
Broad money: currency with the public plus bank deposits and other deposits with the RBI. Rapid growth can signal liquidity build-up ahead of price pressure.
Period: Fortnight ended 15 Oct 2026
Target/Anchor: MacroNest anchor: credit growth aligned with deposit growth
Year-on-year growth in outstanding credit of scheduled commercial banks, a direct read on transmission of monetary policy into the real economy.
Period: Fortnight ended 15 Oct 2026
Target/Anchor: MacroNest anchor: deposit growth keeping pace with credit
Year-on-year growth in aggregate deposits of scheduled commercial banks, the funding base for bank lending.
Period: 63rd MPC meeting, 5-7 Oct 2026
Target/Anchor: RBI inflation target: 4% ±2%
The rate at which the RBI lends overnight to banks against government securities. The benchmark policy rate that anchors all other lending rates in the system.
Period: Q1 FY2026-27
Target/Anchor: RBI Q1 FY27 projection: 7.0%
Year-on-year growth in real gross domestic product at constant 2022-23 prices. The headline measure of aggregate economic output.
Period: Q1 FY2026-27
Target/Anchor: MacroNest anchor: CAD below 2% of GDP
Net balance on trade in goods and services plus income and transfers, expressed as a share of GDP. A contained deficit signals a sustainable external position.
Period: 2026-10-19
Target/Anchor: No official target
Closing level of the NSE's 50-stock benchmark index, the standard gauge of large-cap Indian equity performance.
Period: 2026-10-19
Target/Anchor: No official target
Closing level of the BSE's 30-stock benchmark index, the longest-running headline gauge of Indian equity market sentiment.
Period: 2026-10-19
Target/Anchor: MacroNest anchor: below 15 indicates calm markets
Expected 30-day volatility of the Nifty 50 implied by index option prices. Lower readings indicate calmer expectations, higher readings signal stress.
Period: August 2026
Target/Anchor: MacroNest anchor: below 5% headline UR
Share of the labour force aged 15 and above that is unemployed, measured on the Current Weekly Status basis in the monthly PLFS bulletin.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of onion across DCA reporting centres. Prices remain nearly double a year ago, a key driver of September food inflation of 7.74%, though weekly prices are easing with kharif arrivals and buffer sales at ₹35/kg.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of tomato across DCA reporting centres. Prices eased ~3% this week and are now only ~1% above a year ago.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of potato across DCA reporting centres. Most widely consumed vegetable; stable supply keeps prices about 10% below last year.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of tur/arhar dal across DCA reporting centres. Most widely consumed pulse; weak monsoon in growing areas and import costs are pushing prices up.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of rice across DCA reporting centres. Staple cereal; a core anchor of household food budgets.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of atta (wheat flour) across DCA reporting centres. Staple cereal product; prices broadly steady year-on-year.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of milk across DCA reporting centres. High-weight CPI item; changes are sticky and pass through to dairy products.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of sugar across DCA reporting centres. Retail sugar has climbed back above its mid-September level, up ~3% in a week and ~24% higher than a year ago.
Period: 2026-10-20
Target/Anchor: MacroNest anchor: early warning for food inflation
All-India average daily retail price of mustard oil (packed) across DCA reporting centres. Benchmark edible oil; edible oils broadly are 8-19% higher than a year ago.
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