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    DRI busts clandestine Mephedrone manufacturing facility in Ankleshwar, Gujarat and seizes Rs. 21 lakh; Three arrested
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    US to impose steep tariffs on generic medicine imports from Aug 2028
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July 22, 2026
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Mephedrone trafficking enforcement uncovered a clandestine laboratory, controlled precursors, alleged drug proceeds and an intended receiver.
Illicit manufacture and trafficking of Mephedrone, a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, 1985, were addressed through an intelligence-led operation involving a clandestine laboratory. Manufacturing equipment, Mephedrone, its controlled precursor, Monomethylamine, and other chemicals used in manufacture were seized under the Act. Cash believed to be drug-trafficking proceeds and a further amount intended as token payment for delivery were recovered. Three persons were arrested in connection with the alleged network.
July 22, 2026
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Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
July 22, 2026
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Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
July 22, 2026
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Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
July 22, 2026
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Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
July 22, 2026
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Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
July 22, 2026
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Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
July 21, 2026
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Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
July 21, 2026
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Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
July 21, 2026
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Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
July 21, 2026
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Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
July 21, 2026
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Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
July 21, 2026
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Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.
July 21, 2026
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Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
July 21, 2026
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Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
July 21, 2026
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Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
July 21, 2026
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Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
July 21, 2026
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Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
July 21, 2026
Show AI Summary
WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
July 21, 2026
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Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.

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PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JUNE 2026, AND FINAL ESTIMATES FOR THE MONTH OF APRIL 2026

July 15, 2026

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Provisional Estimates of Wholesale Price Index (Base Year 2022-23) for the month of June 2026

Key highlights of WPI (Base Year 2022-23) for June 2026

  1. All India Wholesale Price Index (WPI) inflation for June 2026 is 9.87 per cent on year-on-year (YoY) basis, compared to 9.68 per cent in May 2026. The index for All Commodities for June 2026 stands at 110.2, whereas it was 109.9 in May 2026.
  2. YoY inflation rates for major groups, namely, Primary Articles, Fuel and Power, and Manufactured Products are 7.0 per cent, 27.41 per cent, and 7.48 per cent, respectively in June 2026, compared to 4.99 per cent, 30.33 per cent, and 7.48 per cent, respectively in May 2026. The indices for Primary Articles, Fuel and Power, and Manufactured Products are 116.1, 111.1, and 107.8, respectively, in June 2026, whereas they were 113.7, 113, and 107.8, respectively, in May 2026.
  3. Across groups, ‘Mineral Oils (containing Petroleum Products)’, ‘Food Articles’, ‘Manufacture of Basic Metals’, and ‘Manufacture of Chemicals and Chemical Products’, have been major drivers of WPI inflation in June 2026.
  4. WPI Food Index (weight=24.99 per cent): The Food Index consists of ‘Food Articles’ from Primary Articles major group, and ‘Manufacture of Food Products’ from Manufactured Products major group. It observed a YoY inflation of 6.14 per cent in June 2026, compared to 4.49 per cent in May 2026.
  5. Monthly indices and Inflation Rate (in per cent) for All commodities and Major Groups, along with major group-wise contribution for the past months are presented in the charts below.

Chart 1: WPI Index and Inflation Rate for All Commodities

Chart 2: WPI Index of Major Groups

Chart 3: Inflation Rate across Major Groups

Chart 4: Major Group-Wise contribution to Inflation

  1. The final index for the month of April 2026 has been revised from 108.8 (Provisional estimate) to 108.9. Accordingly, WPI inflation has been revised from 8.26 per cent, as per provisional estimate to 8.36 as per the final estimate.
  2. The Final Estimate of WPI (Base Year 2022-23) for the month of April 2026 has been compiled with a weighted response rate of 97.5 per cent.
  3. The Provisional Estimate of WPI (Base Year 2022-23) for the month of June 2026 has been compiled with a weighted response rate of 82.6 per cent.
  4. Wholesale Price Index and Year-on-Year (YoY) Inflation Rate for All Commodities, Major Groups, and Groups for the last six months is given at Annexure-I and II.
  5. Cumulative WPI for All Commodities, Major Groups, and Groups from April to June for FY 2023-24, FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure-III.
  6. Cumulative YoY Inflation Rate for All Commodities, Major Groups, and Groups from April to June for FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure- IV.
  7. Item-wise data pertaining to WPI (Base Year 2022-23) series from April 2023 to June 2026 is available at (https://eaindustry.nic.in/download_data_2223.asp).
  8. Provisional indices of WPI, OPPI, and trial IPPI for a reference month are released on the 14th of the following month (if it is a working day, else on next working day). Accordingly, release of WPI, Output PPI, and trial Input PPI for the month of July 2026 will be on Friday, 14th August 2026.

Annexure-I

WPI for All Commodities, Major Groups and Groups for last six months

Groups/Major Groups

Commodity Weight

Jan-26
(F)

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(P)

Jun-26
(P)

ALL COMMODITIES

100.00000

102.3

103.1

104.6

108.9

109.9

110.2

I. PRIMARY ARTICLES

22.75730

112.1

111.6

111.4

112.8

113.7

116.1

(A). Food Articles

15.97835

113.9

113.1

112.8

114.2

115

117.3

(B). Non-Food Articles

5.52841

107

107.3

107.4

107.6

108.4

110.4

(C). Minerals

1.25054

111.1

112

110.8

118.8

119.7

125.1

II. FUEL AND POWER

14.11433

88

89

93.5

111

113

111.1

(A). Coal and Lignite

0.74136

86.2

86.5

87.8

87.7

86.6

87.9

(B). Mineral Oils

8.19208

84.6

85.8

92.9

121.6

125.7

122.9

(C). Electricity

4.46349

94.5

94.7

91.2

90.8

90.3

91.9

(D). Crude Petroleum & Natural Gas

0.71740

88.7

92.4

119.7

138.8

136.8

120.2

III. MANUFACTURED PRODUCTS

63.12837

102

103.2

104.7

107

107.8

107.8

(A). Manufacture of Food Products

9.02016

107

108

109.1

111

112.3

113.1

(B). Manufacture of Beverages

0.90483

102.9

102.6

102.7

104.4

105.3

105.4

(C). Manufacture of Tobacco Products

0.27645

110.6

122.7

122.6

122.5

123.7

124.3

(D). Manufacture of Textiles

4.08993

93.3

94.4

96.4

99.1

101.4

102.2

(E). Manufacture of Wearing Apparel

1.32948

109.9

109.8

109.9

111

112.2

111.9

(F). Manufacture of Leather and Related Products

0.54137

104.3

104.9

105.5

107.3

108.5

108.6

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

109.9

110

112.1

115.2

116.1

116.9

(H). Manufacture of Paper and Paper Products

1.15328

90.1

90.6

91.4

93.7

93.9

93.8

(I). Printing and Reproduction of Recorded Media

0.42618

104.8

105.1

105.8

107

108.3

107

(J). Manufacture of Chemicals and Chemical Products

6.12567

91

91.8

96.5

102.6

102.4

102.4

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

99.6

99.6

100.8

102.3

102.3

102.2

(L). Manufacture of Rubber and Plastic Products

2.71467

95.5

96.3

101.9

106

105.1

106.2

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

96.3

96.1

96.8

99

98.9

99.6

(N). Manufacture of Basic Metals

8.41133

95.2

98

100.1

103.5

104.1

103.1

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

100.9

102

102.7

104.4

105.8

105.7

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

101.2

101.5

102

101.7

103.4

102.7

(Q). Manufacture of Electrical Equipment

2.64318

108.5

110.2

111

112.7

114.1

114.8

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

103.9

104.3

104.3

105.1

105.4

105.4

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

105.9

106.4

105.9

106.7

108.5

107.1

(T). Manufacture of Other Transport Equipment

1.39511

105.1

105.2

105.4

106

106.6

106.5

(U). Manufacture of Furniture

0.82618

102

102.6

102.8

105.6

106.1

106.4

(V). Other Manufacturing

2.03798

152.4

156.4

158.8

157

158.8

156.6

FOOD INDEX

24.99851

111.4

111.3

111.5

113

114

115.8

 (P)-Provisional, (F)-Final

  Annexure-II

WPI Inflation Rate (YoY) for All Commodities, Major Groups, and Groups for last six months

Groups/Major Groups

Commodity Weight

Jan-26
(F)

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(P)

Jun-26
(P)

ALL COMMODITIES

100.00000

1.19

2.18

3.98

8.36

9.68

9.87

I. PRIMARY ARTICLES

22.75730

-0.09

1.64

2.58

3.96

4.99

7

(A). Food Articles

15.97835

-1.3

0.8

1.53

2.61

3.6

5.49

(B). Non-Food Articles

5.52841

3.98

4.68

6.65

7.6

9.49

11.07

(C). Minerals

1.25054

-0.45

1.36

0.09

8

4.91

9.45

II. FUEL AND POWER

14.11433

-3.83

-3.37

3.2

25

30.33

27.41

(A). Coal and Lignite

0.74136

-3.9

-2.37

-0.79

-1.57

-2.26

-1.57

(B). Mineral Oils

8.19208

-4.19

-4.35

4.26

40.74

49.82

46.48

(C). Electricity

4.46349

-2.28

-1.56

-2.04

-2.58

-1.85

-0.76

(D). Crude Petroleum & Natural Gas

0.71740

-9.95

-5.33

26.13

56.31

61.51

34.75

III. MANUFACTURED PRODUCTS

63.12837

2.82

3.61

4.8

6.68

7.48

7.48

(A). Manufacture of Food Products

9.02016

1.61

2.08

2.54

4.72

6.14

7.2

(B). Manufacture of Beverages

0.90483

-1.06

-0.68

-0.68

0.38

1.64

1.44

(C). Manufacture of Tobacco Products

0.27645

2.03

12.57

11.86

12.08

13.59

14.14

(D). Manufacture of Textiles

4.08993

0.97

1.94

4.9

7.25

10.22

10.85

(E). Manufacture of Wearing Apparel

1.32948

3.78

3.39

2.9

3.06

4.28

2.57

(F). Manufacture of Leather and Related Products

0.54137

2.05

2.64

3.23

3.87

4.33

3.63

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

3.1

3

5.06

8.07

7.6

9.05

(H). Manufacture of Paper and Paper Products

1.15328

-0.88

-0.66

0.11

2.18

2.74

3.19

(I). Printing and Reproduction of Recorded Media

0.42618

1.16

1.55

2.12

3.08

4.13

2.49

(J). Manufacture of Chemicals and Chemical Products

6.12567

-0.33

0.22

5.7

13

13.4

12.78

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

0.1

0.3

1.1

2.61

3.33

2.82

(L). Manufacture of Rubber and Plastic Products

2.71467

-1.24

-0.72

5.38

10.07

9.59

9.94

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

-0.31

-0.93

-0.1

1.75

1.02

1.84

(N). Manufacture of Basic Metals

8.41133

5.19

7.34

8.57

10.7

12.3

12.31

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

2.54

2.82

3.42

5.03

6.22

6.12

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

1.3

0.89

-0.58

-1.17

-0.19

-1.53

(Q). Manufacture of Electrical Equipment

2.64318

6.69

7.62

7.98

9.21

11.32

11.03

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

0.78

1.26

1.07

1.84

2.33

2.13

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

0.38

1.82

0.95

0.85

2.17

1.71

(T). Manufacture of Other Transport Equipment

1.39511

2.34

1.74

1.93

3.21

4.31

4

(U). Manufacture of Furniture

0.82618

-0.58

-0.1

0.19

3.83

5.68

5.03

(V). Other Manufacturing

2.03798

32.52

31.54

32.89

26.21

21.87

20.55

FOOD INDEX

24.99851

-0.36

1.27

1.92

3.29

4.49

6.14

 (P)-Provisional, (F)-Final

Annexure-III

Cumulative WPI for All Commodities, Major Groups, and Groups

Groups/Major Groups

Commodity Weight

Apr-Jun 2023

Apr-Jun 2024

Apr-Jun 2025

Apr-Jun 2026

ALL COMMODITIES

100.00000

98.6

100.3

100.3

109.7

I. PRIMARY ARTICLES

22.75730

102.5

110.2

108.4

114.2

(A). Food Articles

15.97835

103.9

114.2

111.2

115.5

(B). Non-Food Articles

5.52841

98.9

98

99.5

108.8

(C). Minerals

1.25054

100.8

113.8

112.8

121.2

II. FUEL AND POWER

14.11433

92

91.2

87.6

111.7

(A). Coal and Lignite

0.74136

92.6

89.3

89

87.4

(B). Mineral Oils

8.19208

89.9

90

84.7

123.4

(C). Electricity

4.46349

95.2

92

92.6

91

(D). Crude Petroleum & Natural Gas

0.71740

94.3

101.5

87.6

131.9

III. MANUFACTURED PRODUCTS

63.12837

98.7

98.8

100.3

107.5

(A). Manufacture of Food Products

9.02016

98.2

100.3

105.8

112.1

(B). Manufacture of Beverages

0.90483

102.4

103.7

103.8

105

(C). Manufacture of Tobacco Products

0.27645

103.9

106.8

109

123.5

(D). Manufacture of Textiles

4.08993

93.6

92.7

92.2

100.9

(E). Manufacture of Wearing Apparel

1.32948

102.4

104.2

108.1

111.7

(F). Manufacture of Leather and Related Products

0.54137

101.3

101.3

104

108.1

(G). Manufacture Of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

102

103.1

107.2

116.1

(H). Manufacture of Paper and Paper Products

1.15328

92.6

89.2

91.3

93.8

(I). Printing and Reproduction of Recorded Media

0.42618

103.1

104.3

104.1

107.4

(J). Manufacture of Chemicals and Chemical Products

6.12567

93.9

91.1

90.6

102.5

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

101

99.4

99.4

102.3

(L). Manufacture of Rubber and Plastic Products

2.71467

96.1

95.4

96.3

105.8

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

99.3

96.5

97.7

99.2

(N). Manufacture of Basic Metals

8.41133

96.4

94.7

92.7

103.6

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

100.4

100.2

99.5

105.3

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

98.5

96.5

103.6

102.6

(Q). Manufacture of Electrical Equipment

2.64318

100.8

101.8

103

113.9

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

102.1

102.2

103.1

105.3

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

103.1

106.3

105.8

107.4

(T). Manufacture of Other Transport Equipment

1.39511

101

101.3

102.4

106.4

(U). Manufacture of Furniture

0.82618

101.9

101.6

101.1

106

(V). Other Manufacturing

2.03798

104.7

113

128.2

157.5

FOOD INDEX

24.99851

101.9

109.2

109.2

114.3

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 3 months indices

 

Annexure-IV

 Cumulative WPI Inflation Rate (YoY) for All Commodities, Major Groups, and Groups

Groups/Major Groups

Weight

Apr-Jun 2024

Apr-Jun 2025

Apr-Jun 2026

All Commodities

100.00000

1.72

0

9.37

I. Primary Articles

22.75730

7.51

-1.63

5.35

(A). Food Articles

15.97835

9.91

-2.63

3.87

(B). Non-Food Articles

5.52841

-0.91

1.53

9.35

(C). Minerals

1.25054

12.9

-0.88

7.45

II. Fuel and Power

14.11433

-0.87

-3.95

27.51

(A). Coal and Lignite

0.74136

-3.56

-0.34

-1.8

(B). Mineral Oils

8.19208

0.11

-5.89

45.69

(C). Electricity

4.46349

-3.36

0.65

-1.73

(D). Crude Petroleum & Natural Gas

0.71740

7.64

-13.69

50.57

III. Manufactured Products

63.12837

0.1

1.52

7.18

(A). Manufacture of Food Products

9.02016

2.14

5.48

5.95

(B). Manufacture of Beverages

0.90483

1.27

0.1

1.16

(C). Manufacture of Tobacco Products

0.27645

2.79

2.06

13.3

(D). Manufacture of Textiles

4.08993

-0.96

-0.54

9.44

(E). Manufacture of Wearing Apparel

1.32948

1.76

3.74

3.33

(F). Manufacture of Leather and Related Products

0.54137

0

2.67

3.94

(G). Manufacture of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.07718

1.08

3.98

8.3

(H). Manufacture of Paper and Paper Products

1.15328

-3.67

2.35

2.74

(I). Printing and Reproduction of Recorded Media

0.42618

1.16

-0.19

3.17

(J). Manufacture of Chemicals and Chemical Products

6.12567

-2.98

-0.55

13.13

(K). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.20102

-1.58

0

2.92

(L). Manufacture of Rubber and Plastic Products

2.71467

-0.73

0.94

9.87

(M). Manufacture of Other Non-Metallic Mineral Products

2.84074

-2.82

1.24

1.54

(N). Manufacture of Basic Metals

8.41133

-1.76

-2.11

11.76

(O). Manufacture of Fabricated Metal Products, except Machinery and Equipment

4.13294

-0.2

-0.7

5.83

(P). Manufacture of Computer, Electronic and Optical Products

2.07628

-2.03

7.36

-0.97

(Q). Manufacture of Electrical Equipment

2.64318

0.99

1.18

10.58

(R). Manufacture of Machinery and Equipment n.e.c.

3.46796

0.1

0.88

2.13

(S). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

5.43645

3.1

-0.47

1.51

(T). Manufacture of Other Transport Equipment

1.39511

0.3

1.09

3.91

(U). Manufacture of Furniture

0.82618

-0.29

-0.49

4.85

(V). Other Manufacturing

2.03798

7.93

13.45

22.85

Food Index

24.99851

7.16

0

4.67

Provisional Estimates of Output Producer Price Index (Base Year 2022-23) for the month of June 2026

  1. Key highlights of Output PPI (Base Year 2022-23) for June 2026
  1. All India Output PPI for All Commodities for June 2026 stands at 109.9, whereas it was 109.6 in May 2026.
  2. WPI indices for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity are 114.1, 121.5, 109.2, and 92.0, respectively, in June 2026, whereas they were 111.9, 122.3, 109.5, and 90.2, respectively, in May 2026.
  3. Monthly indices for All Commodities and Major Groups, for the past 13 months are presented in the charts below.

Chart 5: Output PPI for All Commodities

Chart 6: Output PPI across Major Groups

  1. The final index of Output PPI for the month of April 2026 has been revised from 108.6 (Provisional estimate) to 108.8.
  2. Output PPI for All Commodities, Major Groups, and Groups for the last six months is given at Annexure-V.
  3. Cumulative Output PPI for All Commodities, Major Groups, and Groups from April to June for FY for FY 2023-24, FY 2024-25, FY 2025-26, and FY 2026-27 is given at Annexure-VI.
  4. SUT category-wise index pertaining to Output PPI (Base Year 2022-23) series from April 2023 to June 2026 is available at (https://eaindustry.nic.in/download_data_2223.asp).

Annexure-V

Output PPI for All Commodities, Major Groups and Groups for last six months

Groups/Major Groups

Weight

Jan-26 (F)

Feb-26 (F)

Mar-26 (F)

Apr-26 (F)

May-26 (P)

Jun-26 (P)

ALL COMMODITIES

100.00000

102.6

103.3

104.9

108.8

109.6

109.9

AGRICULTURE, FORESTRY AND FISHING

22.15648

111.3

110.8

110.6

111.4

111.9

114.1

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

111.7

111.3

111

111.5

111.8

114.3

Forestry and Logging

1.67481

114.4

115

115.4

116.7

117.2

118

Fishing and Aquaculture

1.44948

102.7

99.3

100.1

103.2

106.9

106.6

MINING AND QUARRYING

3.42065

106.9

109.9

117

125.2

122.3

121.5

Mining of Metal Ores

0.70792

158.6

168

171.5

174.7

174.8

178.7

Mining of Coal and Lignite

0.7398

86.2

86.5

87.8

87.7

86.6

87.9

Other Mining and Quarrying

1.23208

103.2

103.2

100.5

109.9

105.2

113.1

Extraction of Crude Petroleum and Natural Gas

0.74085

84.5

88.9

121.7

141

136.2

114.2

MANUFACTURED PRODUCTS

69.93568

100.1

101.2

103.4

108.3

109.5

109.2

(A). Manufacture of Food Products

8.47196

107.5

108.3

109.2

111

112.2

113.2

(B). Manufacture of Beverages

0.8417

103.1

102.7

102.8

104.6

105.5

105.5

(C). Manufacture of Tobacco Products

0.25705

111.9

125.9

125.9

125.4

126.7

127.4

(D). Manufacture of Textiles

4.38774

93.7

95

97.8

100.9

103.1

104.3

(E). Manufacture of Wearing Apparel

1.20494

108.8

108.7

108.7

109.9

111.2

110.8

(F). Manufacture of Leather and Related Products

0.49989

103.1

103.6

104.2

105.9

107.2

107.3

(G). Manufacture of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.08949

108.1

108.3

110.3

113.3

114.4

114.8

(H). Manufacture of Paper and Paper Products

1.03128

90.3

90.7

91.6

93.9

94.1

94.1

(I). Printing and Reproduction of Recorded Media

0.30931

105.6

106.1

107.1

109.3

109.4

109.6

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

84.5

85.7

92.7

121.1

125.1

122.3

(K). Manufacture of Chemicals and Chemical Products

5.74793

91.5

92.2

97.3

103.3

102.7

103

(L). Manufacture of Basic Pharmaceuticals, Medicinal Chemical and Botanical Products

1.92807

100.7

100.6

101.8

103.2

103.1

103

(M). Manufacture of Rubber and Plastic Products

2.57252

95.9

96.9

102.5

106.7

105.7

106.8

(N). Manufacture of Other Non-Metallic Mineral Products

2.50437

96

95.8

96.4

99

98.7

99.5

(O). Manufacture of Basic Metals

7.465

94.3

96.6

99

102.7

103.9

102.7

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

3.15198

99.3

100.4

101.1

102.3

103.6

104

(Q). Manufacture of Computer, Electronic and Optical Products

1.7748

104.4

104.6

104.6

104.3

106

104.7

(R). Manufacture of Electrical Equipment

3.81453

103.1

104

104.4

105.7

107.1

107.9

(S). Manufacture of Machinery and Equipment n.e.c.

2.46158

104.1

104.7

104.8

105.7

105.7

105.6

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

4.39321

106.4

106.9

106.6

107.4

108.8

107.6

(U). Manufacture of Other Transport Equipment

1.34392

106

106.1

106.4

107.2

107.5

107.6

(V). Manufacture of Furniture

0.73566

102.9

103.2

103.7

105.3

105.2

105.4

(W). Other Manufacturing

6.80057

115.9

118.3

119.9

120.9

122

121

ELECTRICITY

4.48719

94.5

94.5

91.1

90.8

90.2

92

Electricity

4.48719

94.5

94.5

91.1

90.8

90.2

92

  (P)-Provisional, (F)-Final

Annexure-VI

Cumulative Output PPI for All Commodities, Major Groups and Groups

Groups/Major Groups

Weight

Apr-Jun 2023-24

Apr-Jun 2024-25

Apr-Jun 2025-26

Apr-Jun 2026-27

ALL COMMODITIES

100.00000

98.6

100.1

100.3

109.4

AGRICULTURE, FORESTRY AND FISHING

22.15648

102.8

108.6

107.2

112.5

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

102.7

108.7

106.9

112.5

Forestry and Logging

1.67481

102.5

112.7

115.1

117.3

Fishing and Aquaculture

1.44948

104.5

102.2

101.6

105.6

MINING AND QUARRYING

3.42065

97.1

105.6

103.5

123

Mining of Metal Ores

0.70792

107

126.3

141.8

176.1

Mining of Coal and Lignite

0.7398

92.6

89.3

89

87.4

Other Mining and Quarrying

1.23208

98.4

107.9

102.9

109.4

Extraction of Crude Petroleum and Natural Gas

0.74085

89.9

98.2

82.6

130.5

MANUFACTURED PRODUCTS

69.93568

97.6

97.6

98.5

109

(A). Manufacture of Food Products

8.47196

97.1

99.5

105.7

112.1

(B). Manufacture of Beverages

0.8417

102.5

103.9

104

105.2

(C). Manufacture of Tobacco Products

0.25705

103.8

106.8

109.3

126.5

(D). Manufacture of Textiles

4.38774

93.7

93

92.4

102.8

(E). Manufacture of Wearing Apparel

1.20494

101.9

103.3

107.3

110.6

(F). Manufacture of Leather and Related Products

0.49989

100.8

100.3

102.6

106.8

(G). Manufacture of Wood and Products of Wood and Cork, except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.08949

102

102.6

106.1

114.2

(H). Manufacture of Paper and Paper Products

1.03128

92.6

89.3

91.5

94

(I). Printing and Reproduction of Recorded Media

0.30931

103.8

105

105.3

109.4

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

90

90

84.7

122.8

(K). Manufacture of Chemicals and Chemical Products

5.74793

94.1

91.2

91.1

103

(L). Manufacture of Basic Pharmaceuticals, Medicinal Chemical and Botanical Products

1.92807

101.7

99.2

99.4

103.1

(M). Manufacture of Rubber and Plastic Products

2.57252

96.2

95.5

96.3

106.4

(N). Manufacture of Other Non-Metallic Mineral Products

2.50437

99.1

96.2

97.1

99.1

(O). Manufacture of Basic Metals

7.465

96.2

94.6

92

103.1

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

3.15198

99.5

99.5

98.4

103.3

(Q). Manufacture of Computer, Electronic and Optical Products

1.7748

98.4

95.7

107.1

105

(R). Manufacture of Electrical Equipment

3.81453

99.8

99.3

100.6

106.9

(S). Manufacture of Machinery and Equipment n.e.c.

2.46158

102.2

102.7

103.2

105.7

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers

4.39321

103.3

106.5

106

107.9

(U). Manufacture of Other Transport Equipment

1.34392

101.4

101.6

103.4

107.4

(V). Manufacture of Furniture

0.73566

101.9

101.4

101.5

105.3

(W). Other Manufacturing

6.80057

101.6

103.1

108.1

121.3

ELECTRICITY

4.48719

95.2

92

92.6

91

Electricity

4.48719

95.2

92

92.6

91

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 3 months indices

Provisional Estimates of Trial Input Producer Price Index (IPPI) (Base Year 2022-23) for the month of June 2026

  1. All India trial Input PPI for Manufacturing Sector for June 2026 stands at 107.1 (Provisional estimate).
  2. Trial Input PPI for Manufacturing Sector for the month of April 2026 has been revised from 104.9 (provisional estimate) to 104.2 (final estimate).
  3. Trial Input PPI for all Manufacturing Industries at NIC-2-digit, for the months of March, April May, and June 2026 is given below.

Trial Input PPI for all Manufacturing Industries at NIC-2-digit

Industry Group

Weight

Mar-26
(F)

Apr-26
(F)

May-26
(P)

Jun-26
(P)

Manufacturing Sector

100.00000

100.9

104.2

104.9

107.1

(A). Manufacture of Food Products

14.84638

107.1

108.3

110.5

112.2

(B). Manufacture of Beverages

1.03035

106

104.5

104.8

105.5

(C). Manufacture of Tobacco Products

0.26443

128

124.7

125.7

123.4

(D). Manufacture of Textiles

5.88918

95.5

100.8

103.1

107.8

(E). Manufacture of Wearing Apparel

1.57012

105.6

106.6

108.3

109.6

(F). Manufacture of Leather and Related Products

0.77634

96.3

96

96.2

96

(G). Manufacture of Wood and Products of Wood and Cork, Except Furniture; Manufacture of Articles of Straw and Plaiting Materials

1.82194

99.7

110.8

110.8

112.3

(H). Manufacture of Paper and Paper Products

0.87494

95.1

96.8

97.1

97

(I). Printing and Reproduction of Recorded Media

0.46606

96.4

98.3

101.2

98.5

(J). Manufacture of Coke and Refined Petroleum Products

12.3291

98.2

105.2

105.8

113.5

(K). Manufacture of Chemicals and Chemical Products

7.98919

100.9

107.9

111.8

112.5

(L). Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations 

2.40463

98.2

103.5

104.9

105.6

(M). Manufacture of Rubber and Plastic Products

3.40235

105.9

109.8

111.9

112.1

(N). Manufacture of Other Non-Metallic Mineral Products

3.28306

92.3

96.4

93.2

92.6

(O). Manufacture of Basic Metals

11.25229

98.3

100.6

98.5

99.2

(P). Manufacture of Fabricated Metal Products, except Machinery and Equipment

5.59239

99.7

102.2

103.9

105.4

(Q). Manufacture of Computer, Electronic and Optical Products

2.22964

108

108.2

108.4

111.5

(R). Manufacture of Electrical Equipment

3.64437

111.5

113.4

115.8

117.7

(S). Manufacture of Machinery and Equipment n.e.c.

5.07784

102.2

105

102.7

105.3

(T). Manufacture of Motor Vehicles, Trailers and Semi-Trailers, and Manufacture of Other Transport Equipment

10.49446

101.5

102.8

104.1

104.9

(U). Manufacture of Furniture

0.98353

97.6

101.1

101.6

98.6

(V). Other Manufacturing

3.77741

88.9

88.4

83.1

88

 (P)-Provisional, (F)-Final

Topics

Acts Income Tax