--- title: "India Economic Indicators: GDP, CPI" description: "India Economic Indicators for investors: GDP, inflation, employment, trade balance and more. What each indicator measures, when it is released." canonical: https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/ source: "Swoopr Investment: https://www.getswoopr.com" --- ## Direct Answer > India economic indicators are published by the Ministry of Statistics and Programme Implementation (MoSPI), the Office of the Economic Adviser and the Reserve Bank of India. The most closely followed releases are CPI on the 12th, WPI on the 14th and industrial production on the 28th (each moved to the next working day on holidays), quarterly GDP, and the Monetary Policy Committee's repo rate decisions. # India Economic Indicators: Investor Reference This hub covers the major economic indicators released for this country. Each linked indicator page explains what the measure tracks, how it is calculated, when it is released, and how investors interpret changes in the data. See the [international indicators hub](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/) for other countries, or the [full economic indicators hub](https://www.getswoopr.com/macro-economics-market-regimes/indicators/) for all 15 categories. ## Who publishes India's economic data? MoSPI, through the National Statistics Office, publishes CPI, quarterly GDP, the Index of Industrial Production and the Periodic Labour Force Survey. The Office of the Economic Adviser, under the Ministry of Commerce and Industry, publishes WPI, and that ministry also reports trade. The Reserve Bank of India publishes the repo rate, bank credit and M3. The MoSPI 2026-27 calendar sets CPI on the 12th, the PLFS monthly bulletin on the 15th and IIP on the 28th, with the next working day used on holidays and dates open to change. ## India indicators at a glance | Indicator | What it measures | Published by | Frequency | | --- | --- | --- | --- | | [India Bank Credit Growth](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-bank-credit-growth/) | the growth of outstanding bank loans in India | Reserve Bank of India | Twice monthly | | [India CPI](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-cpi/) | consumer price inflation in India | Ministry of Statistics and Programme Implementation | Monthly | | [India GDP](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-gdp/) | the inflation-adjusted output of the Indian economy | Ministry of Statistics and Programme Implementation | Quarterly | | [India IIP](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-iip/) | the volume of industrial output in India | Ministry of Statistics and Programme Implementation | Monthly | | [India M3](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-m3/) | the broad money stock in India | Reserve Bank of India | Twice monthly | | [India Trade Balance](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-trade-balance/) | the gap between India's goods exports and imports | Ministry of Commerce and Industry | Monthly | | [India Unemployment](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-unemployment/) | the share of India's labour force that is unemployed | Ministry of Statistics and Programme Implementation | Monthly | | [India WPI](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/india-wpi/) | wholesale price inflation in India | Ministry of Commerce and Industry | Monthly | | [RBI Repo Rate](https://www.getswoopr.com/macro-economics-market-regimes/indicators/international/india/rbi-repo-rate/) | the Reserve Bank of India's policy rate for short term lending to banks | Reserve Bank of India | Irregular | Each row comes from the same source file as the indicator page it links, so the publisher and frequency here match that page. ## How does India's central bank set policy? The Reserve Bank of India conducts monetary policy under the Reserve Bank of India Act, 1934, with price stability as the primary objective while keeping in mind growth. The Central Government sets a CPI inflation target of 4 percent with a tolerance band of 2 to 6 percent. A six-member Monetary Policy Committee sets the policy repo rate and must meet at least four times a year. The RBI publishes the committee's resolution after each meeting and the minutes on the 14th day after. ## What is different about India's data? - CPI moved to a new series with base 2024=100 in February 2026, replacing base 2012=100. Its basket, built from the 2023-24 Household Consumption Expenditure Survey, grew from 299 to 358 weighted items, so inflation readings before and after the change rest on different baskets. - CPI figures are published first as provisional and later marked final. The first release on the 2024 base gave December 2025 as a final figure on the old 2012 base alongside January 2026 as provisional on the new one. - GDP was rebased to 2022-23, with the new series released on February 27, 2026, and quarterly estimates now use IIP and output PPI on the same base year. Growth rates quoted from the earlier base should be checked against the series they came from. - WPI is now on a 2022-23 base and is released provisionally on the 14th of the following month with the final index for the month two months earlier. The provisional estimate rests on a lower response rate than the final (84.4 percent against 99.3 percent in the August 2026 release), so revisions occur. - MoSPI release days follow fixed rules rather than one-off announcements: CPI on the 12th, the PLFS monthly bulletin on the 15th and IIP on the 28th, each moving to the next working day on a holiday. The calendar adds that dates may change in case of exigencies. ## Which India releases should you read first? Read the Monetary Policy Committee resolution first for the policy rate and stance, then CPI (12th) and WPI (14th) for consumer and wholesale price pressure, the PLFS bulletin (15th) for labour conditions and IIP (28th) for output. Quarterly GDP arrives last and describes the quarter that ended two months earlier. This is a reading order, not a trading recommendation. ## Frequently Asked Questions When is India's CPI released each month? The MoSPI advance release calendar for 2026-27 schedules the All India Consumer Price Index on the 12th of each month, or the next working day if that date is a holiday. WPI follows on the 14th and the Index of Industrial Production on the 28th. Who sets India's repo rate and how often? The six-member Monetary Policy Committee of the Reserve Bank of India sets the policy repo rate. The RBI Act requires it to meet at least four times a year, and the RBI publishes a resolution after each meeting and the minutes on the 14th day after. What is the inflation target in India? The Central Government sets a CPI inflation target of 4 percent with a tolerance band of 2 to 6 percent. On March 25, 2026 it retained that target and band for the period April 1, 2026 to March 31, 2031. ## References - [Reserve Bank of India: Monetary Policy: Overview](https://rbi.org.in/scripts/FS_Overview.aspx?fn=2752) - [Ministry of Statistics and Programme Implementation: Advance Release Calendar (2026-27)](https://www.mospi.gov.in/uploads/documents/releaseCalender/1779709510470-ADVANCE%20RELEASE%20CALENDAR%202026-27%20Updated%2025.05.2026.pdf) - [Ministry of Statistics and Programme Implementation: First Press Release of Consumer Price Index on Base 2024=100](https://mospi.gov.in/uploads/latestReleases/latest_release_1770891893893_6b458c0a-c327-4fef-a554-41131ea67273_Press_Relase_of_CPI_for_Jan26.pdf) - [Ministry of Statistics and Programme Implementation: Press Note on Quarterly Estimates of Gross Domestic Product for the First Quarter (April-June) of 2026-27](https://www.mospi.gov.in/uploads/latestReleases/latest_release_1788172583113_d65a77cf-240e-4491-82ee-59f78618fa41_Press_Note_on_GDP_Estimates_for_Q1_2026-27.pdf) - [Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade: Provisional Estimates of Wholesale Price Index, Output Producer Price Index, and Trial Input Producer Price Index for the Month of August 2026, and Final Index for the Month of June 2026](https://www.eaindustry.nic.in/press_release/press_release_202608.pdf) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr Investment's editorial team produces independent education and research content on economic indicators, market analysis, and investment strategy. 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