The Indian economy

Production, prices, power, transport, jobs and wages show how demand moves from factory floors to household incomes.

Production and industry

India’s Industrial Production Index was 124.8 in July 2026

Wholesale prices stood at 110.8 in August 2026. Both indices use 2022–23 as the base year, equal to 100, and retain their own release dates.

Index of Industrial Production

Industrial Production Index124.8

July 2026

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Source: Ministry of Statistics and Programme Implementation and Office of the Economic Adviser, India Dispatch Research

Finished steel use rose 8.3% from April through June 2026–27

41.57 million tonnes was consumed from April through June. Every year in the chart covers the same elapsed period.

Finished steel consumption from April through June

Finished steel consumption41.57 million tonnes

2026–27

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Source: Ministry of Steel, India Dispatch Research

Energy

Petrol use rose 8.2% in August 2026 from a year earlier

Monthly domestic consumption covers petrol, diesel, LPG and aviation fuel.

Petrol3.84 million tonnes

August 2026

1m +0.6%1y +8.2%

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Diesel7.02 million tonnes

August 2026

1m −13.2%1y +6.8%

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LPG2.35 million tonnes

August 2026

1m 0%1y −17.2%

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Aviation fuel726 thousand tonnes

August 2026

1m +3%1y +2.3%

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Source: Petroleum Planning and Analysis Cell, India Dispatch Research

Large-station power generation grew 7.8% in the year to August 2026

The series covers gross generation from monitored stations above 25 MW and excludes renewable generation.

Monthly generation144.16 TWh

August 2026

1y +7.8%

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Source: Central Electricity Authority, India Dispatch Research

India imported 88.7% of the crude oil it used in 2025–26

245.8 million tonnes of crude oil cost $123 billion. PPAC marks the newest figures provisional.

Crude-oil import dependency88.7%

2025–26

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Crude-oil import bill$123 billion

2025–26

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Source: Petroleum Planning and Analysis Cell, India Dispatch Research

Inflation and prices

Headline inflation was 4.82% in August 2026

Food inflation was 5.95%. The series retains the base year printed in each Ministry of Statistics release.

Year-on-year headline consumer-price inflation

Headline consumer-price inflation4.8%

August 2026

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Source: Ministry of Statistics and Programme Implementation, India Dispatch Research

3 of 39 essential-commodity prices were lower than a year earlier on 26 September 2026

Rankings use the change in all-India average retail prices from one year earlier.

Largest increases

CommodityNow1m6m1y
Onion1 Kg₹54$0.564+15.6%+114.1%+100.9%
Sugar1 Kg₹56$0.586−13.8%+21%+21%
Sunflower Oil (Packed)1 Kg₹194$2.02+1%+6%+19.1%
Coriander (whole)250 gm₹44$0.457+2.4%+15.8%+17.2%
Gur1 Kg₹66$0.693−1.1%+15.7%+16.7%
Palm Oil (Packed)1 Kg₹153$1.6+2%+8.4%+15.7%
Soya Oil (Packed)1 Kg₹167$1.74+1.2%+8.4%+14.1%
Groundnut Oil (Packed)1 Kg₹209$2.18+0.4%+5.8%+11.1%

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Largest declines

CommodityNow1m6m1y
Potato1 Kg₹23$0.239+5.3%+11%−9%
Cumin seed (whole)100 gm₹41$0.425−1.9%−0.2%−2%
Tomato1 Kg₹39$0.406+2.1%+45.2%−0.7%

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Source: Department of Consumer Affairs, India Dispatch Research

Transport and tourism

2.46 million vehicles were registered in August 2026

+18.8% from a year earlier. Vahan, the national vehicle registry, revises old observations when offices or late registrations are added.

Monthly registrations2.46 million

August 2026

1m −6.7%1y +18.8%

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Registrations by vehicle class

Vehicle classRegistrationsOne monthOne year
Two-wheelers1.67 million−5.8%+20.4%
Cars373,390−3.7%+19.1%
Three-wheelers90,497−6%+30.7%
Agricultural tractors82,244−25.9%+2.1%
Goods carriers76,420−7.5%+21.4%

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Source: Ministry of Road Transport and Highways, India Dispatch Research

India logged 137.89 million goods shipments in July 2026

E-way bills are digital permits normally required to move goods with a consignment value above ₹50,000 ($522). The declared assessable value was ₹36.28 trillion ($379 billion). Incoming interstate bills are not added again.

Goods movements137.89 million

July 2026

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Assessable value₹36.28 trillion$379 billion

July 2026

Axis in INR. Paired USD values use the site’s dated reference rate.

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Source: Goods and Services Tax Network, India Dispatch Research

Drivers made 351 million highway toll payments in August 2026

FASTag, the windshield tag that pays highway tolls electronically, processed ₹71.85 billion ($750 million) across 129.09 million tags issued to date.

Monthly toll payments351 million

August 2026

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Monthly toll value₹71.85 billion$750 million

August 2026

Axis in INR. Paired USD values use the site’s dated reference rate.

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Tags issued to date129.09 millionAugust 2026
Banks live40NETC participants
Average toll payment₹205$2.14Average of reported monthly payments

Source: National Payments Corporation of India, India Dispatch Research

Indian Railways carried 6.91 billion passengers in 2023–24

1.59 billion tonnes of revenue-earning freight was loaded in the same year.

Passengers originating6.91 billion

2023–24

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Revenue-earning freight1.59 billion tonnes

2023–24

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Latest monthly passengers638.1 millionJune 2026
From a year earlier+2.3%623.7 million a year ago
Latest monthly freight142.21 million tonnesJune 2026

Source: Indian Railways, India Dispatch Research

Indian airlines carried 12.13 million domestic passengers in August 2026

The ten-year series covers scheduled domestic traffic. The load factor is the share of available seats that were filled.

Scheduled domestic passengers12.13 million

August 2026

1m +1.1%1y −6.3%

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Passenger load factor79%

August 2026

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Source: Directorate General of Civil Aviation, India Dispatch Research

Indian airports handled 31.01 million passengers in August 2026

The series includes domestic and international passengers. Airport rankings compare the latest month with the same month a year earlier.

Passengers through airports31.01 million

August 2026

1m +1.2%1y −6.2%

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Largest airports by passenger traffic

AirportPassengers1y
Delhi (DIAL)6.08 million+2.7%
Mumbai (MIAL)4.05 million−10.4%
Bengaluru (BIAL)3.4 million−3.1%
Hyderabad (GHIAL)2.19 million−11.5%
Chennai1.68 million−11.1%
Kolkata1.4 million−12.5%
Kochi979,732+2.1%
Pune908,137+0.8%
Ahmedabad877,764−17.2%
Guwahati463,935−6.2%

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Freight through airports240 thousand tonnes

August 2026

1m −35.4%1y −27.3%

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Source: Airports Authority of India, India Dispatch Research

Foreign tourist arrivals were 16.3% below their 2019 peak in 2025

9.15 million foreign tourists arrived, against 10.93 million in 2019.

Monthly arrivals1.08 million

December 2025

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Annual arrivals9,148,766

2025

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Source: Ministry of Tourism, India Dispatch Research

Telecom

India had 1.07 billion broadband connections in March 2026

Average wireless data use reached 26.7 GB per data subscriber a month. Subscriber stocks and usage are quarter-end measures.

Broadband subscribers1.07 billion

March 2026

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Wireless data use26.7 GB

per subscriber per month

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Rural internet subscribers440.87 millionMarch 2026
Urban internet subscribers651.93 millionMarch 2026
Wireless revenue per user₹196$2.05per subscriber per month

Source: Telecom Regulatory Authority of India, India Dispatch Research

Jobs and businesses

52.8% of people aged 15 and above were working in August 2026

The worker population ratio was 55.8% in rural India and 47% in urban India.

Worker population ratio

Working52.8%

August 2026

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Latest labour-market rates

AreaIn labour forceWorkingUnemployed
India55.6%52.8%5%
Rural58.2%55.8%4.1%
Urban50.4%47%6.8%

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Source: Ministry of Statistics and Programme Implementation, India Dispatch Research

White-collar hiring was 5% higher than a year earlier in July 2026

The index tracks openings advertised on Naukri, a private platform. It does not count all jobs in India.

White-collar hiring index3,227

July 2026

1y +5%

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Source: Info Edge, India Dispatch Research

Agriculture employs 41.6% of workers and produces 16.2% of value added

Industry employs 25.8% of workers and services employ 32.6%. The employment figures are modelled estimates. The value-added figures come from national accounts.

Share of employment in agriculture

Agriculture41.6%

2025

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Agriculture share of gross value added

Agriculture16.2%

2025

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Source: World Bank, India Dispatch Research

Listed IT-services companies made ₹2.11 in sales for each rupee spent on staff in the second quarter of 2025–26

This is the latest quarter for which the Reserve Bank of India published an exact IT-services ratio. The figure describes company accounts and is not a direct measure of worker productivity.

Manufacturing sales for each rupee spent on staff

Manufacturing18.2

first quarter of 2026–27

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Source: Reserve Bank of India, India Dispatch Research

India’s formal provident-fund payroll recorded 12.98 million net additions in 2024–25

The Employees’ Provident Fund Organisation, or EPFO, records provisional net additions for workers covered by the statutory provident fund. The total fell 1.3% from the previous financial year. The Employees’ State Insurance Corporation, or ESIC, reports its own registrations separately below.

Annual EPFO-covered net payroll

Net payroll12.98 million

2024–25

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Monthly movements in the published series

MonthFirst-time entriesExitsRejoinersNet payroll
April 2025933,3081.45 million1.94 million1.43 million
May 2025994,8241.31 million1.78 million1.46 million
June 20251.1 million1 million1.81 million1.9 million
July 2025979,383518,4591.64 million2.1 million

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Annual new ESIC registrations

New ESIC registrations19.69 million

2025–26

1y −12.8%Paid contribution 73.2%

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Source: Employees’ Provident Fund Organisation and Employees’ State Insurance Corporation, India Dispatch Research

India had an estimated 86.73 million unincorporated establishments in the second quarter of 2026

They employ 136.99 million people. 82% use the internet and 80% use online financial services, including UPI, India’s shared instant-payments network, wallets and card terminals.

Establishments86.73 million

second quarter of 2026

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Workers136.99 million

second quarter of 2026

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Where the establishments and workers are

ActivityEstablishmentsWorkersWorkers per establishment
Manufacturing22.72 million35.66 million1.57
Trade23.19 million39.56 million1.71
Other services40.82 million61.76 million1.51

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Same quarter a year ago +9.2%Registered under an act 42.5%

Source: Ministry of Statistics and Programme Implementation, India Dispatch Research

Farming and rural incomes

Rice production reached 154 million tonnes in the latest 2025–26 estimate

21.57 million tonnes of basmati and other rice were exported in 2025–26. Production and trade are separate series with their own release dates.

Rice production

Rice154.02 million tonnes

2025–26

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Basmati rice exports by volume

Basmati6.52 million tonnes

2025–26

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Basmati rice exports by value

Basmati$5.67 billion

2025–26

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Source: Ministry of Agriculture and Farmers Welfare and Department of Commerce, India Dispatch Research

Agricultural daily wages varied across the states reported for July 2026

The chart uses general agricultural labourers wages. Where the Labour Bureau reports no value, the chart leaves a gap.

Axis in INR. Paired USD values use the site’s dated reference rate.

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Latest reported daily wage

StateMenWomen
Andhra Pradesh₹602$6.28₹439$4.58
Arunachal Pradesh₹471$4.92Not reported
Assam₹412$4.3₹374$3.91
Bihar₹394$4.11₹300$3.13
Chhattisgarh₹280$2.92₹228$2.38
Daman and Diu, Dadra Nagar and Haveli₹396$4.13Not reported
Goa₹575$6₹400$4.17
Gujarat₹335$3.49₹298$3.11
Haryana₹591$6.16₹503$5.25
Himachal Pradesh₹542$5.65₹553$5.77
Jammu & Kashmir₹614$6.41Not reported
Jharkhand₹319$3.33₹295$3.08
Karnataka₹527$5.5₹409$4.27
Kerala₹863$9₹677$7.07
Madhya Pradesh₹338$3.53₹294$3.07
Maharashtra₹386$4.03₹275$2.87
Mizoram₹588$6.13₹488$5.09
Odisha₹420$4.38₹396$4.13
Puducherry₹692$7.22₹352$3.67
Punjab₹463$4.84Not reported
Rajasthan₹447$4.67₹369$3.85
Sikkim₹479$4.99₹469$4.89
Tamil Nadu₹640$6.68₹396$4.13
Telangana₹431$4.5₹367$3.83
Tripura₹490$5.11Not reported
Uttar Pradesh₹407$4.25₹339$3.54
Uttarakhand₹517$5.39₹400$4.17
West Bengal₹437$4.56₹375$3.92

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Source: Labour Bureau, India Dispatch Research

India’s rural jobs guarantee provided 2.28 billion days of work in 2025–26

The Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA, guaranteed eligible rural households access to public work. The series uses completed financial years as reported in the Ministry’s state table.

Days of work2.28 billion

2025–26

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Source: Ministry of Rural Development, India Dispatch Research

Monsoon-crop sowing was 4.7% behind the previous year on 24 July 2026

78.7 million hectares had been planted with kharif, or monsoon-season, crops, against 82.6 million hectares at the same point in the previous season.

Area sown78.7 million hectares

24 July 2026

CropCurrent seasonPrevious seasonChange
Rice23.44 million hectares24.06 million hectares−2.6%
Pulses8.46 million hectares9.15 million hectares−7.5%
Millets and coarse cereals14.22 million hectares16.15 million hectares−11.9%
Oilseeds16.35 million hectares16.7 million hectares−2.1%
Sugarcane5.76 million hectares5.67 million hectares+1.5%
Jute & Mesta0.63 million hectares0.62 million hectares+2.1%
Cotton9.87 million hectares10.27 million hectares−3.9%

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Source: Ministry of Agriculture and Farmers Welfare, India Dispatch Research

The monsoon was running 12% below normal through 26 September 2026

749.2 mm of rain was recorded from 1 June to 26 September 2026. IMD’s normal band runs from −19% to +19%, so the national reading still classifies as normal.

East and North East India−25%

1,008.1 mm received

North West India−9%

531.8 mm received

Central India−1%

949.6 mm received

South Peninsula−23%

536.1 mm received

Largest deficits

State or union territoryRainDeparture
Meghalaya1,070.4 mm−60%
Manipur565.2 mm−44%
Arunachal Pradesh931.3 mm−43%
Punjab255 mm−42%
Puducherry (UT)251.3 mm−36%
Goa1,976.3 mm−33%

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Largest surpluses

State or union territoryRainDeparture
Ladakh (UT)49.4 mm+123%
Dadra and Nagar Haveli and Daman and Diu2,991.5 mm+37%
Odisha1,477.6 mm+31%
Sikkim1,825.8 mm+11%
Andaman & Nicobar Islands (UT)1,743.9 mm+11%
Nagaland1,090.7 mm+7%

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Source: India Meteorological Department, India Dispatch Research

Reservoirs held 96.97 billion cubic metres on 6 August 2026

52.8% of monitored live capacity, against 132.37 billion cubic metres a year earlier and 99.83 billion cubic metres in the long-run average for the same date.

Storage as a share of capacity52.8%

6 August 2026

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Source: Central Water Commission, India Dispatch Research

94.47 million farmers have been paid so far in the April–July 2026–27 round

PM-Kisan, the central government’s income transfer to eligible landholding farming households, pays in three instalments a year. This instalment stays open through July, and the count can rise until it closes. A farmer paid in every period appears in every period’s count.

Period-wise beneficiaries94.47 million

April–July 2026–27

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Source: Ministry of Agriculture and Farmers Welfare, India Dispatch Research