Macroeconomic Observatory & National Accounts
Economy & National Accounts
Tracking India's macroeconomic heartbeat: GDP growth, sectoral GVA shifts, retail vs wholesale inflation, external balance of payments, and employment trends.
NOMINAL GDP+6.8% Real
₹327.10 Lakh Cr
Per Capita: ₹2,29,100 (~$2740)
CPI HEADLINE INFLATIONSeptember 2026
4.35%
Food: 5.1%WPI: 1.88%
FOREX RESERVESAll-Time High
$715.4B
CAD: -0.9% of GDP (Manageable)
LABOUR FORCE (LFPR)PLFS 2023-24
60.2%
Unemployment: 3% (Urban 4%)
Sectoral Composition of GVA
Total GVA: ₹299.10 Lakh Crore (FY 2024-25 (Actuals))
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Services Sector54%
Industry & Manufacturing29.3%
Agriculture, Forestry & Fishing16.7%
Inflation Trajectory (CPI vs Food vs WPI)
RBI Target Band: 4.0% with a tolerance range of +/- 2.0%
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✓ Latest Published Release: September 2026 (MoSPI CPI Actuals)Scheduled: Official National Statistical Releases
External Sector & Global Trade Balance (RBI DBIE)
Goods deficit offset by India's surging software and IT services exports ($341B+)
MERCHANDISE EXPORTS$465BRefined oil, electronics, pharma
MERCHANDISE IMPORTS$710BCrude oil, gold, machinery
SERVICES EXPORTS$385BSoftware, GCCs, consulting
CURRENT ACCOUNT DEFICIT-0.9% of GDPComfortably below 2.5% safety line