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July 20, 2026
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Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
July 20, 2026
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Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
July 20, 2026
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UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
July 20, 2026
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Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
July 20, 2026
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Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
July 20, 2026
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Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
July 20, 2026
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Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
July 20, 2026
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Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
July 20, 2026
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Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
July 20, 2026
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Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
July 20, 2026
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Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
July 20, 2026
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India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
July 19, 2026
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Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
July 18, 2026
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Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
July 18, 2026
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Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
July 18, 2026
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Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
July 18, 2026
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EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
July 18, 2026
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India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
July 18, 2026
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Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
July 17, 2026
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Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.

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News and Press Release

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