India by the numbers

A running account of the Indian economy.

Key indicators

Payments · October 2026

UPI handled 25.47 billion transactions

+5.81% since September 2026. UPI is India’s shared instant-payments network.

Monthly UPI transactions: 49 observations shown, from October 2022 through October 2026.

Monthly UPI transactions. Latest shown reading: 25.47 billion in October 2026.
Monthly UPI transactions, observations in the selected range
PeriodTransactions
October 20227.31 billion
November 20227.31 billion
December 20227.83 billion
January 20238.04 billion
February 20237.53 billion
March 20238.69 billion
April 20238.9 billion
May 20239.42 billion
June 20239.34 billion
July 20239.96 billion
August 202310.59 billion
September 202310.56 billion
October 202311.41 billion
November 202311.24 billion
December 202312.02 billion
January 202412.2 billion
February 202412.1 billion
March 202413.44 billion
April 202413.3 billion
May 202414.04 billion
June 202413.89 billion
July 202414.44 billion
August 202414.96 billion
September 202415.04 billion
October 202416.58 billion
November 202415.48 billion
December 202416.73 billion
January 202517 billion
February 202516.11 billion
March 202518.3 billion
April 202517.89 billion
May 202518.68 billion
June 202518.4 billion
July 202519.47 billion
August 202520.01 billion
September 202519.63 billion
October 202520.7 billion
November 202520.47 billion
December 202521.63 billion
January 202621.7 billion
February 202620.39 billion
March 202622.64 billion
April 202622.35 billion
May 202623.2 billion
June 202622.72 billion
July 202623.66 billion
August 202624.51 billion
September 202624.07 billion
October 202625.47 billion

data.indiadispatch.com

Economy · September 2026

Consumer prices rose 5.54% from a year earlier

+0.71 percentage points since August 2026. Consumer-price inflation, year on year. The CPI base changed in 2026.

Year-on-year consumer-price inflation: 15 observations shown, from July 2025 through September 2026.

Year-on-year consumer-price inflation. Latest shown reading: 5.5% in September 2026.
Year-on-year consumer-price inflation, observations in the selected range
PeriodPercent
July 20251.6%
August 20252.1%
September 20251.5%
October 20250.3%
November 20250.7%
December 20251.3%
January 20262.8%
February 20263.2%
March 20263.4%
April 20263.5%
May 20263.9%
June 20264.4%
July 20264.5%
August 20264.8%
September 20265.5%

data.indiadispatch.com

Household · June 2026

Reported home-loan balances totalled ₹45.5 trillion

+10.5% year on year (source reported). CRIF High Mark’s reported housing-credit cohort, not RBI’s bank-only measure.

Home credit outstanding

INR

Home credit outstanding. Latest shown reading: ₹45,500,000,000,000 ($484 billion) in June 2026.

March 2026 to June 2026

Outstanding balances, not new lending. Product and aggregate scopes overlap.

FX as of 10 November 2026: ₹93.93 per US dollar.

Source: CRIF High Mark

Actual report-period balances from retained CRIF publications. Product and aggregate scopes overlap. Missing quarters are not interpolated, and balances are not lending flows.

Each dot is a reported observation. Straight segments connect adjacent reported quarters. Missing quarters are left as gaps and no intermediate observations are added. Missing observations are not zero.

Home credit outstanding. Every supplied observation. Unit: INR. March 2026 to June 2026. Source: CRIF High Mark
ObservationPeriodValueUS dollar equivalent where applicable
March 2026March 2026₹44,400,000,000,000$473 billion
June 2026June 2026₹45,500,000,000,000$484 billion

data.indiadispatch.com

Capital markets · September 2026

Recurring mutual-fund contributions totalled ₹324.9 billion

+0.6% since August 2026. SIPs are recurring mutual-fund investments. Contributions are gross.

Monthly recurring contributions: 126 observations shown, from April 2016 through September 2026.

Axis in INR. Paired USD values use the site’s dated reference rate. Monthly recurring contributions. Latest shown reading: ₹324.9 billion ($3.46 billion) in September 2026.
Monthly recurring contributions, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
April 2016₹31.22 billion$332 million
May 2016₹31.89 billion$340 million
June 2016₹33.1 billion$352 million
July 2016₹33.34 billion$355 million
August 2016₹34.97 billion$372 million
September 2016₹36.98 billion$394 million
October 2016₹34.34 billion$366 million
November 2016₹38.84 billion$413 million
December 2016₹39.73 billion$423 million
January 2017₹40.95 billion$436 million
February 2017₹40.5 billion$431 million
March 2017₹43.35 billion$462 million
April 2017₹42.69 billion$454 million
May 2017₹45.84 billion$488 million
June 2017₹47.44 billion$505 million
July 2017₹49.47 billion$527 million
August 2017₹52.06 billion$554 million
September 2017₹55.16 billion$587 million
October 2017₹56.21 billion$598 million
November 2017₹58.93 billion$627 million
December 2017₹62.22 billion$662 million
January 2018₹66.44 billion$707 million
February 2018₹64.25 billion$684 million
March 2018₹71.19 billion$758 million
April 2018₹66.9 billion$712 million
May 2018₹73.04 billion$778 million
June 2018₹75.54 billion$804 million
July 2018₹75.54 billion$804 million
August 2018₹76.58 billion$815 million
September 2018₹77.27 billion$823 million
October 2018₹79.85 billion$850 million
November 2018₹79.85 billion$850 million
December 2018₹80.22 billion$854 million
January 2019₹80.64 billion$859 million
February 2019₹80.95 billion$862 million
March 2019₹80.55 billion$858 million
April 2019₹82.38 billion$877 million
May 2019₹81.83 billion$871 million
June 2019₹81.22 billion$865 million
July 2019₹83.24 billion$886 million
August 2019₹82.31 billion$876 million
September 2019₹82.63 billion$880 million
October 2019₹82.46 billion$878 million
November 2019₹82.73 billion$881 million
December 2019₹85.18 billion$907 million
January 2020₹85.32 billion$908 million
February 2020₹85.13 billion$906 million
March 2020₹86.41 billion$920 million
April 2020₹83.76 billion$892 million
May 2020₹81.23 billion$865 million
June 2020₹79.17 billion$843 million
July 2020₹78.31 billion$834 million
August 2020₹77.92 billion$830 million
September 2020₹77.88 billion$829 million
October 2020₹78 billion$830 million
November 2020₹73.02 billion$777 million
December 2020₹84.18 billion$896 million
January 2021₹80.23 billion$854 million
February 2021₹75.28 billion$801 million
March 2021₹91.82 billion$978 million
April 2021₹85.96 billion$915 million
May 2021₹88.19 billion$939 million
June 2021₹91.56 billion$975 million
July 2021₹96.09 billion$1.02 billion
August 2021₹99.23 billion$1.06 billion
September 2021₹103.51 billion$1.1 billion
October 2021₹105.19 billion$1.12 billion
November 2021₹110.05 billion$1.17 billion
December 2021₹113.05 billion$1.2 billion
January 2022₹115.17 billion$1.23 billion
February 2022₹114.38 billion$1.22 billion
March 2022₹123.28 billion$1.31 billion
April 2022₹118.63 billion$1.26 billion
May 2022₹122.86 billion$1.31 billion
June 2022₹122.76 billion$1.31 billion
July 2022₹121.4 billion$1.29 billion
August 2022₹126.93 billion$1.35 billion
September 2022₹129.76 billion$1.38 billion
October 2022₹130.41 billion$1.39 billion
November 2022₹133.06 billion$1.42 billion
December 2022₹135.73 billion$1.45 billion
January 2023₹138.56 billion$1.48 billion
February 2023₹136.86 billion$1.46 billion
March 2023₹142.76 billion$1.52 billion
April 2023₹137.28 billion$1.46 billion
May 2023₹147.49 billion$1.57 billion
June 2023₹147.34 billion$1.57 billion
July 2023₹152.45 billion$1.62 billion
August 2023₹158.14 billion$1.68 billion
September 2023₹160.42 billion$1.71 billion
October 2023₹169.28 billion$1.8 billion
November 2023₹170.73 billion$1.82 billion
December 2023₹176.1 billion$1.87 billion
January 2024₹188.38 billion$2.01 billion
February 2024₹191.87 billion$2.04 billion
March 2024₹192.71 billion$2.05 billion
April 2024₹203.71 billion$2.17 billion
May 2024₹209.04 billion$2.23 billion
June 2024₹212.62 billion$2.26 billion
July 2024₹233.32 billion$2.48 billion
August 2024₹235.47 billion$2.51 billion
September 2024₹245.09 billion$2.61 billion
October 2024₹253.23 billion$2.7 billion
November 2024₹253.2 billion$2.7 billion
December 2024₹264.59 billion$2.82 billion
January 2025₹264 billion$2.81 billion
February 2025₹259.99 billion$2.77 billion
March 2025₹259.26 billion$2.76 billion
April 2025₹266.32 billion$2.84 billion
May 2025₹266.88 billion$2.84 billion
June 2025₹272.69 billion$2.9 billion
July 2025₹284.64 billion$3.03 billion
August 2025₹282.65 billion$3.01 billion
September 2025₹293.61 billion$3.13 billion
October 2025₹295.29 billion$3.14 billion
November 2025₹294.45 billion$3.13 billion
December 2025₹310.02 billion$3.3 billion
January 2026₹310.02 billion$3.3 billion
February 2026₹298.45 billion$3.18 billion
March 2026₹320.87 billion$3.42 billion
April 2026₹311.15 billion$3.31 billion
May 2026₹309.54 billion$3.3 billion
June 2026₹317.81 billion$3.38 billion
July 2026₹319.61 billion$3.4 billion
August 2026₹322.97 billion$3.44 billion
September 2026₹324.9 billion$3.46 billion

data.indiadispatch.com

$3.46 billion equivalent · ECB reference via Frankfurter, 10 November 2026

Source: Association of Mutual Funds in India, India Dispatch Research

Full series and source notes →

Public finance · October 2026

Goods and services tax brought in ₹2.31 trillion before refunds

+13.64% since September 2026. GST is India’s goods and services tax. Gross receipts before refunds.

Monthly gross GST collections: 31 observations shown, from April 2024 through October 2026.

Monthly gross GST collections. Latest shown reading: ₹2.31 trillion ($24.6 billion) in October 2026.
Monthly gross GST collections, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
April 2024₹2.1 trillion$22.4 billion
May 2024₹1.73 trillion$18.4 billion
June 2024₹1.74 trillion$18.5 billion
July 2024₹1.82 trillion$19.4 billion
August 2024₹1.75 trillion$18.6 billion
September 2024₹1.73 trillion$18.4 billion
October 2024₹1.87 trillion$19.9 billion
November 2024₹1.82 trillion$19.4 billion
December 2024₹1.77 trillion$18.8 billion
January 2025₹1.96 trillion$20.8 billion
February 2025₹1.84 trillion$19.6 billion
March 2025₹1.96 trillion$20.9 billion
April 2025₹2.37 trillion$25.2 billion
May 2025₹2.01 trillion$21.4 billion
June 2025₹1.85 trillion$19.7 billion
July 2025₹1.96 trillion$20.8 billion
August 2025₹1.86 trillion$19.8 billion
September 2025₹1.89 trillion$20.1 billion
October 2025₹1.96 trillion$20.9 billion
November 2025₹1.75 trillion$18.6 billion
December 2025₹1.79 trillion$19.1 billion
January 2026₹1.99 trillion$21.2 billion
February 2026₹1.89 trillion$20.1 billion
March 2026₹2 trillion$21.3 billion
April 2026₹2.43 trillion$25.8 billion
May 2026₹1.94 trillion$20.7 billion
June 2026₹1.95 trillion$20.7 billion
July 2026₹2.11 trillion$22.5 billion
August 2026₹2 trillion$21.3 billion
September 2026₹2.04 trillion$21.7 billion
October 2026₹2.31 trillion$24.6 billion

data.indiadispatch.com

$24.6 billion equivalent · ECB reference via Frankfurter, 10 November 2026

Source: Goods and Services Tax Network, India Dispatch Research

Full series and source notes →

World · 30 October 2026

India held $717 billion in foreign-exchange reserves

+3.96% year on year (source reported). A stock of foreign-exchange reserves at the reported date.

Foreign exchange reserves

USD

Foreign exchange reserves. Latest shown reading: $717 billion in 30 October 2026.

18 September 2026 to 30 October 2026

Each balance has its own observation date.

Source: Reserve Bank of India

Actual retained WSS component observation dates. Component clocks remain separate, and missing dates are not interpolated. Same-period source revisions retain their prior publication vintage.

Each dot is a reported observation. Their spacing follows the source observation periods. No line or interpolated values join observations. Missing observations are not zero.

Foreign exchange reserves. Every supplied observation. Unit: USD. 18 September 2026 to 30 October 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
18 September 202618 September 2026$766 billionNot applicable
25 September 202625 September 2026$748 billionNot applicable
2 October 20262 October 2026$735 billionNot applicable
9 October 20269 October 2026$726 billionNot applicable
16 October 202616 October 2026$721 billionNot applicable
23 October 202623 October 2026$720 billionNot applicable
30 October 202630 October 2026$717 billionNot applicable

data.indiadispatch.com

Recently updated

Latest readings, ordered by changes to the published records. Each keeps its own observation period.

Ten most recently changed public records, each with its own observation period
SeriesObservationLatest readingChange
Vehicle registrationsEconomyOctober 2026Vehicle registrations 3,198,872+24.15% since September 2026
SIP contributionsCapital marketsSeptember 2026Gross monthly SIP contributions ₹324.9 billion (₹32,490 crore) · $3.46 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.+0.6% since August 2026
Gold and silver exchange-traded fundsCapital marketsOctober 2026Gold-fund folios 12.74 million folios+0.51% since September 2026
Mutual-fund flows and assetsCapital marketsOctober 2026Equity-oriented and other-ETF net fund flows ₹498.13 billion (≈ ₹49,813 crore) · $5.3 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.No earlier comparable observation is retained for this measure
Accessible government-bond maturitiesCapital marketsCaptured 11 November 2026Indicative foreign holdings in fully accessible government bonds ₹3.64 trillion (₹3.64 lakh crore) · $38.8 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.No earlier comparable observation is retained for this measure
Telecom subscribers, usage and revenueEconomySeptember 2026Wireless subscriptions 1,319.19 million subscribers+0.53% since August 2026
Daily rupee and government-bond benchmarksCapital markets9 November 2026FBIL USD/INR reference benchmark ₹93.8579 per US dollar−₹0.2823 per US dollar since 6 November 2026
Essential-commodity retail pricesEconomy10 November 2026Rice retail price per kilogram ₹49 · $0.522USD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.No earlier comparable observation is retained for this measure
Foreign ownership of accessible government bondsCapital marketsOctober 2026Foreign holdings in fully accessible government bonds ₹3.19 trillion (₹3.19 lakh crore) · $34 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.No earlier comparable observation is retained for this measure
Foreign portfolio flows by sectorCapital marketsMonth ending 31 October 2026Monthly foreign-investor net equity flow, Automobile and Auto Components −₹76.31 billion (−₹7,631 crore) · −$812 millionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.No earlier comparable observation is retained for this measure
All data, histories and downloads →

RBI weekly data

Released 6 November 2026. Each figure below carries its own observation date.

Year-on-year change in weekly monetary readings

percent

  1. Currency in circulation, 30 October 202630 October 2026
    14.18%
  2. Foreign exchange reserves, 30 October 202630 October 2026
    3.96%
  3. Bank credit, 15 October 202615 October 2026
    18.23%
  4. Aggregate deposits, 15 October 202615 October 2026
    16.72%
0

30 October 2026

Each balance retains its own published date. Bars compare reported growth rates, not balances with different currencies or units.

Source: Reserve Bank of India

Chart notes

Bars compare the reported observations on the same scale. The marked zero is not a missing observation. Missing observations are not zero.

Year-on-year change in weekly monetary readings. Every supplied observation. Unit: percent. 30 October 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
Currency in circulation, 30 October 202630 October 202614.18%Not applicable
Foreign exchange reserves, 30 October 202630 October 20263.96%Not applicable
Bank credit, 15 October 202615 October 202618.23%Not applicable
Aggregate deposits, 15 October 202615 October 202616.72%Not applicable

data.indiadispatch.com

Notes in circulation₹43.17 trillion (₹43.17 lakh crore)$460 billion+14.2% year on year
30 October 2026
Foreign exchange reserves$717 billion+4% year on year
30 October 2026
Bank deposits₹278.76 trillion (₹278.76 lakh crore)$2.97 trillion+16.7% year on year
15 October 2026
Bank credit₹227.43 trillion (₹227.43 lakh crore)$2.42 trillion+18.2% year on year
15 October 2026

Source: Reserve Bank of India, India Dispatch Research

Full weekly series and source notes →

Explore the economy

Payments →

  • RBI weekly monetary pulse30 October 2026 · Currency in circulation ₹43.17 trillion (₹43.17 lakh crore) · $460 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.
  • UPI merchant payments and person-to-person transfersOctober 2026 · UPI merchant transactions 16.09 billion transactions
  • UPI transactionsOctober 2026 · UPI network transactions 25.47 billion transactionsUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.

Economy →

  • Essential-commodity retail prices10 November 2026 · Rice retail price per kilogram ₹49 · $0.522USD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.
  • Seasonal rainfall1 October 2026 through 10 November 2026 · Cumulative rainfall from 1 October 2026 through 10 November 2026 60.3 mm
  • Fuel consumptionOctober 2026 · Diesel consumption 8,534 thousand tonnes

Capital markets →

Public finance →

  • Goods and services taxOctober 2026 · Gross monthly GST receipts ₹2.31 trillion (₹2.31 lakh crore) · $24.6 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.
  • Direct-tax collectionsApril to 14 October 2026 · financial year to date · Net direct-tax receipts, financial year to date ₹13.38 trillion (₹13.38 lakh crore) · $142 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.
  • Central-government capital spendingApril through September 2026 · Central-government capital spending, financial year to date ₹6.55 trillion (₹6.55 lakh crore) · $69.7 billionUSD equivalent at the ECB reference via Frankfurter, 10 November 2026. This is not a historical currency valuation.
Browse all 100 series →
SIP: A systematic investment plan, usually a standing monthly contribution into a mutual fund. Definition and conventionsETF: An exchange-traded fund, a fund whose units trade on an exchange. A fund folio is an account, not necessarily a unique investor. Definition and conventionsUPI: The Unified Payments Interface, India’s shared network for instant payments between bank accounts. Definition and conventionsWALR: Weighted average lending rate, an average of bank lending rates weighted by the relevant loan amounts. Fresh-loan and outstanding-loan rates are different measures. Definition and conventionsWADTDR: Weighted average domestic term-deposit rate, an average of rates on domestic term deposits weighted by deposit amounts. Fresh and outstanding deposit rates are separate measures. Definition and conventionsMCLR: Marginal cost of funds based lending rate, a bank’s published lending benchmark. It is not the same as every borrower’s actual loan rate. Definition and conventionsRepo rate: The Reserve Bank of India’s policy rate for lending to banks against eligible securities. It is a policy rate, not a consumer loan rate. Definition and conventionsMCC: A merchant category code, the four-digit code used to group merchants by their main business. It classifies the merchant, not every item bought. Definition and conventionsGDP: Gross domestic product, the value of goods and services produced within the economy. Constant-price GDP measures output using a fixed price base. Current-price GDP includes price changes. Definition and conventionsGVA: Gross value added, the value of output less the goods and services used to produce it. GDP adds product taxes and subtracts product subsidies from GVA. Definition and conventionsPFCE: Private final consumption expenditure, the national-accounts measure of final spending by households and non-profit institutions serving households. Definition and conventionsGFCF: Gross fixed capital formation, spending on new fixed assets and improvements to existing assets. It is distinct from purchases of financial investments. Definition and conventionsIndex of Industrial Production: India’s monthly measure of industrial output. The current series uses 2022-23 equal to 100 and is not spliced to older-base index levels. Definition and conventionsWholesale Price Index: An index of prices received at the wholesale stage. The current all-commodities series uses 2022-23 equal to 100. Definition and conventionsConsumer-price inflation: The percentage change in a consumer price index, which measures the price of a basket of household goods and services. The year-on-year rate compares the same month in successive years. Definition and conventionsE-way bill: A digital permit normally required to move goods with a consignment value above ₹50,000 ($532), subject to the applicable goods and services tax rules. Definition and conventionsGST: Goods and services tax, India’s tax on supplies of goods and services. Gross collections are measured before refunds. Net collections deduct refunds. Definition and conventionsFASTag: The windshield radio tag used to pay highway tolls electronically. Definition and conventionsCrore: The Indian counting unit equal to 10 million. One lakh crore is one trillion. A crore figure is an alternative notation for the same amount, not an additional value. Definition and conventionsLakh: The Indian counting unit equal to 100,000. The site’s primary figures use million, billion and trillion so readers can compare them internationally. Definition and conventionsPLFS: The Periodic Labour Force Survey, MoSPI’s survey of employment, unemployment and participation in work. Monthly, quarterly and annual releases have separately labelled periods. Definition and conventionsEPFO: The Employees’ Provident Fund Organisation, which administers the statutory provident fund for covered employees and publishes payroll additions and exits. Definition and conventionsAdvance estimate: An official crop-production estimate published before all final information is available. Later estimates can revise the same agricultural year. Definition and conventionsMGNREGA: The Mahatma Gandhi National Rural Employment Guarantee Act, which guarantees eligible rural households access to public work. Definition and conventionsPM-Kisan: A central government income transfer paid to eligible landholding farming households in three instalments a year. Definition and conventionsCAGR: Compound annual growth rate, the constant annual rate that would connect a starting value with an ending value over the stated number of years. Definition and conventionsNBFC: A non-banking financial company, a financial firm that provides credit or other financial services without being a bank. Definition and conventionsG-Sec: A government security. A quoted government-bond yield is the return implied by its price and the publisher’s quoting convention, not the bond’s coupon rate. Definition and conventionsLRS: The Liberalised Remittance Scheme, which lets resident individuals send up to $250,000 abroad in a financial year for permitted transactions. Definition and conventionsIPO: An initial public offering, a company’s first public sale of shares. Main-board and smaller-company offerings are separately classified in the source. Definition and conventionsDemat account: An account that holds shares and other securities electronically. One investor can hold more than one account. Definition and conventionsFII: Foreign institutional investor, a name often used when discussing foreign portfolio investors. The source’s investor category and period remain authoritative. Definition and conventionsFPI: Foreign portfolio investment, purchases of securities such as shares and bonds by overseas investors. Net flows subtract their sales from their purchases. Definition and conventionsFAR: The Fully Accessible Route, the set of central government bonds foreign investors may buy without aggregate investment limits. Definition and conventionsNPS: The National Pension System, India’s government-regulated defined-contribution retirement system. Definition and conventionsAUM: Assets under management, the value of investments managed by a fund or institution at the stated date. Assets are a stock, not a monthly inflow. Definition and conventionsBoP: Balance of payments, the accounts of transactions between residents and the rest of the world. Goods, services, income and financial flows are separately classified. Definition and conventionsHHI: The Herfindahl–Hirschman index, a measure of concentration formed by adding squared shares. Its scale depends on whether shares are expressed as fractions or percentages. Definition and conventions