India by the numbers

A running account of the Indian economy, built from what its people pay, buy, borrow, invest and send abroad.

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Key indicators

Payments · September 2026

UPI handled 24.07 billion transactions

UPI is India’s shared instant-payments network.

Monthly UPI transactions: 48 observations shown, from October 2022 through September 2026.

Monthly UPI transactions. Latest shown reading: 24.07 billion in September 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

data.indiadispatch.com

Economy · August 2026

Consumer prices rose 4.82% from a year earlier

Consumer-price inflation, year on year. The CPI base changed in 2026.

Year-on-year consumer-price inflation: 14 observations shown, from July 2025 through August 2026.

Year-on-year consumer-price inflation. Latest shown reading: 4.8% in August 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%

data.indiadispatch.com

Household · March 2026

Reported home-loan balances totalled ₹44.4 trillion

CRIF High Mark’s reported housing-credit cohort, not RBI’s bank-only measure.

Reported home-loan balance growth

percent

  1. Year on year
    9.4%
  2. Quarter on quarter
    3.4%
0

March 2026

Year-on-year and quarter-on-quarter growth use different comparison periods.

Source: CRIF High Mark

Chart notes

Growth rates compare the same reported home-loan cohort over different reference intervals. They do not supply a monthly balance history.

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

Reported home-loan balance growth. Every supplied observation. Unit: percent. March 2026. Source: CRIF High Mark
ObservationPeriodValueUS dollar equivalent where applicable
Year on yearPublished reference: March 2026. Year on year9.4%Not applicable
Quarter on quarterPublished reference: March 2026. Quarter on quarter3.4%Not applicable

data.indiadispatch.com

Capital markets · June 2026

Recurring mutual-fund contributions totalled ₹317.81 billion

SIPs are recurring mutual-fund investments. Contributions are gross.

Monthly recurring contributions: 3 observations shown, from April 2026 through June 2026.

Monthly recurring contributions. Latest shown reading: ₹317.81 billion ($3.3 billion) in June 2026.
Monthly recurring contributions, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
April 2026₹311.15 billion$3.23 billion
May 2026₹309.54 billion$3.21 billion
June 2026₹317.81 billion$3.3 billion

data.indiadispatch.com

Public finance · August 2026

Goods and services tax brought in ₹2 trillion before refunds

GST is India’s goods and services tax. Gross receipts before refunds.

Monthly gross GST collections: 25 observations shown, from July 2024 through August 2026.

Missing observations are shown as gaps, not interpolated values. Monthly gross GST collections. Latest shown reading: ₹2 trillion ($20.7 billion) in August 2026.
Monthly gross GST collections, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
July 2024₹1.82 trillion$18.9 billion
August 2024₹1.75 trillion$18.1 billion
September 2024₹1.73 trillion$18 billion
October 2024₹1.87 trillion$19.4 billion
November 2024₹1.82 trillion$18.9 billion
December 2024₹1.77 trillion$18.3 billion
February 2025₹1.84 trillion$19 billion
March 2025₹1.96 trillion$20.3 billion
April 2025₹2.37 trillion$24.6 billion
May 2025₹2.01 trillion$20.9 billion
June 2025₹1.85 trillion$19.1 billion
July 2025₹1.96 trillion$20.3 billion
August 2025₹1.86 trillion$19.3 billion
September 2025₹1.89 trillion$19.6 billion
October 2025₹1.96 trillion$20.3 billion
November 2025₹1.75 trillion$18.2 billion
December 2025₹1.79 trillion$18.6 billion
January 2026₹1.99 trillion$20.7 billion
February 2026₹1.89 trillion$19.6 billion
March 2026₹2 trillion$20.8 billion
April 2026₹2.43 trillion$25.2 billion
May 2026₹1.94 trillion$20.1 billion
June 2026₹1.95 trillion$20.2 billion
July 2026₹2.11 trillion$21.9 billion
August 2026₹2 trillion$20.7 billion

data.indiadispatch.com

World · 18 September 2026

India held $766 billion in foreign-exchange reserves

A stock of foreign-exchange reserves at the reported date.

Foreign exchange reserves

USD

  1. Foreign exchange reserves18 September 2026
    $766 billion
0

18 September 2026

Reserve balances, not flows. One retained observation.

Source: Reserve Bank of India

Chart notes

A stock at the reported date. Only one retained balance is available, not a time trend.

One reported observation is shown. This is a snapshot, not a time trend. Missing observations are not zero.

Foreign exchange reserves. Every supplied observation. Unit: USD. 18 September 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
Foreign exchange reserves18 September 2026$766 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
Essential-commodity retail pricesEconomy7 October 2026₹46.87 · $0.486Not reported
Seasonal rainfallEconomy6 October 20265.9 mmNot reported
Accessible government-bond maturitiesCapital markets2 October 2026₹3.62 trillion (₹3.62 lakh crore) · $37.5 billionNot reported
Foreign ownership of accessible government bondsCapital marketsSeptember 2026₹3.25 trillion (₹3.25 lakh crore) · $33.7 billionNot reported
Foreign portfolio flows by sectorCapital markets30 September 2026−₹62.12 billion (−₹6,212 crore) · −$644 millionNot reported
Foreign portfolio investment flowsCapital marketsSeptember 2026−₹584.43 billion (−₹58,443 crore) · −$6.06 billionNot reported
UPI merchant categoriesPaymentsSeptember 20263.94 billionNot reported
UPI merchant payments and person-to-person transfersPaymentsSeptember 202615.23 billionNot reported
UPI transactionsPaymentsSeptember 202624.07 billionNot reported
Currency in circulation and UPIPayments18 September 2026₹42.56 trillion (₹42.56 lakh crore) · $441 billionNot reported
All data, histories and downloads →

RBI weekly data

Released 25 September 2026. Each figure below carries its own observation date.

Year-on-year change in weekly monetary readings

percent

  1. Currency in circulation, 18 September 202618 September 2026
    13.14%
  2. Foreign exchange reserves, 18 September 202618 September 2026
    9.01%
  3. Bank credit, 15 September 202615 September 2026
    18.13%
  4. Aggregate deposits, 15 September 202615 September 2026
    17.31%
0

18 September 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. 18 September 2026. Source: Reserve Bank of India
ObservationPeriodValueUS dollar equivalent where applicable
Currency in circulation, 18 September 202618 September 202613.14%Not applicable
Foreign exchange reserves, 18 September 202618 September 20269.01%Not applicable
Bank credit, 15 September 202615 September 202618.13%Not applicable
Aggregate deposits, 15 September 202615 September 202617.31%Not applicable

data.indiadispatch.com

Notes in circulation₹42.56 trillion (₹42.56 lakh crore)$441 billion+13.1% year on year
18 September 2026
Foreign exchange reserves$766 billion+9% year on year
18 September 2026
Bank deposits₹276.23 trillion (₹276.23 lakh crore)$2.86 trillion+17.3% year on year
15 September 2026
Bank credit₹223.29 trillion (₹223.29 lakh crore)$2.32 trillion+18.1% year on year
15 September 2026

Source: Reserve Bank of India, India Dispatch Research

Full weekly series and source notes →

Explore the economy

Browse all 100 series →
UPI: The Unified Payments Interface, India’s shared network for instant payments between bank accounts. 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 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 ($519), 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 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 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 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 conventionsSIP: A systematic investment plan, usually a standing monthly contribution into a mutual fund. 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 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 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 conventions