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August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.

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

August 14, 2026

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

  1. Key highlights of WPI (Base Year 2022-23) for July 2026
  1. All India Wholesale Price Index (WPI) inflation for July 2026 is 9.78 per cent on year-on-year (YoY) basis, compared to 9.87 per cent in June 2026. The index for All Commodities for July 2026 stands at 110.0, whereas it was 110.2 in June 2026.
  2. YoY inflation rates for major groups, namely, Primary Articles, Fuel and Power, and Manufactured Products are 8.52 per cent, 20.05 per cent, and 8.29 per cent, respectively in July 2026, compared to 7.0 per cent, 27.41 per cent, and 7.48 per cent, respectively in June 2026. The indices for Primary Articles, Fuel and Power, and Manufactured Products are 117.2, 105.4, and 108.4, respectively, in July 2026, whereas they were 116.1, 111.1, and 107.8, respectively, in June 2026.
  3. Across groups, ‘Mineral Oils (containing Petroleum Products)’, ‘Food Articles’, ‘Manufacture of Basic Metals’, ‘Non-Food Articles’, ‘Manufacture of Food Products’, and ‘Manufacture of Chemicals and Chemical Products’ have been major drivers of WPI inflation in July 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 6.65 per cent in July 2026, compared to 6.14 per cent in June 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

1

Chart 2: WPI Index of Major Groups

2

Chart 3: Inflation Rate across Major Groups

3

Chart 4: Major Group-Wise contribution to Inflation

4

  1. The final index for the month of May 2026 has been revised from 109.9 (Provisional estimate) to 110.1. Accordingly, WPI inflation has been revised from 9.68 per cent, as per provisional estimate to 9.88 per cent as per the final estimate.
  2. The Final Estimate of WPI (Base Year 2022-23) for the month of May 2026 has been compiled with a weighted response rate of 98.14 per cent.
  3. The Provisional Estimate of WPI (Base Year 2022-23) for the month of July 2026 has been compiled with a weighted response rate of 78.55 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 respectively.
  5. Cumulative WPI for All Commodities, Major Groups, and Groups from April to July 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 July 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 July 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 August 2026 will be on Monday, 14th September 2026.

      Annexure-I

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

Groups/Major Groups

Commodity Weight

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100.00000

103.1

104.6

108.9

110.1

110.2

110

I. PRIMARY ARTICLES

22.75730

111.6

111.4

112.8

114

116.1

117.2

(A). Food Articles

15.97835

113.1

112.8

114.2

115.1

117.3

118.2

(B). Non-Food Articles

5.52841

107.3

107.4

107.6

109.1

110.4

112.6

(C). Minerals

1.25054

112

110.8

118.8

121

125.1

125.4

II. FUEL AND POWER

14.11433

89.0

93.5

111.0

113.4

111.1

105.4

(A). Coal and Lignite

0.74136

86.5

87.8

87.7

86.6

87.9

88.4

(B). Mineral Oils

8.19208

85.8

92.9

121.6

125.7

122.9

113.2

(C). Electricity

4.46349

94.7

91.2

90.8

91.5

91.9

92.4

(D). Crude Petroleum & Natural Gas

0.71740

92.4

119.7

138.8

136.8

120.2

114.8

III. MANUFACTURED PRODUCTS

63.12837

103.2

104.7

107.0

108.0

107.8

108.4

(A). Manufacture of Food Products

9.02016

108

109.1

111

112.4

113.1

115.1

(B). Manufacture of Beverages

0.90483

102.6

102.7

104.4

104.9

105.4

105.1

(C). Manufacture of Tobacco Products

0.27645

122.7

122.6

122.5

122.8

124.3

124.7

(D). Manufacture of Textiles

4.08993

94.4

96.4

99.1

102.1

102.2

104

(E). Manufacture of Wearing Apparel

1.32948

109.8

109.9

111

111.6

111.9

111.6

(F). Manufacture of Leather and Related Products

0.54137

104.9

105.5

107.3

108.4

108.6

109.4

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

1.07718

110

112.1

115.2

115

116.9

116.3

(H). Manufacture of Paper and Paper Products

1.15328

90.6

91.4

93.7

94.1

93.8

94.2

(I). Printing and Reproduction of Recorded Media

0.42618

105.1

105.8

107

108.1

107

108.5

(J). Manufacture of Chemicals and Chemical Products

6.12567

91.8

96.5

102.6

103.6

102.4

102.6

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

2.20102

99.6

100.8

102.3

102.9

102.2

103.6

(L). Manufacture of Rubber and Plastic Products

2.71467

96.3

101.9

106

106.3

106.2

106.3

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

2.84074

96.1

96.8

99

99.2

99.6

99.9

(N). Manufacture of Basic Metals

8.41133

98

100.1

103.5

104.9

103.1

102.2

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

4.13294

102

102.7

104.4

105.9

105.7

106.6

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

2.07628

101.5

102

101.7

102.7

102.7

104.1

(Q). Manufacture of Electrical Equipment

2.64318

110.2

111

112.7

114.2

114.8

116.5

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

3.46796

104.3

104.3

105.1

105.3

105.4

106

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

5.43645

106.4

105.9

106.7

107

107.1

107.5

(T). Manufacture of Other Transport Equipment

1.39511

105.2

105.4

106

106.4

106.5

107.7

(U). Manufacture of Furniture

0.82618

102.6

102.8

105.6

105.6

106.4

105.5

(V). Other Manufacturing

2.03798

156.4

158.8

157

158.2

156.6

157

FOOD INDEX

24.99851

111.3

111.5

113

114.1

115.8

117.1

 (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

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100.00000

2.18

3.98

8.36

9.88

9.87

9.78

I. PRIMARY ARTICLES

22.75730

1.64

2.58

3.96

5.26

7

8.52

(A). Food Articles

15.97835

0.8

1.53

2.61

3.69

5.49

5.44

(B). Non-Food Articles

5.52841

4.68

6.65

7.6

10.2

11.07

17.66

(C). Minerals

1.25054

1.36

0.09

8

6.05

9.45

13.28

II. FUEL AND POWER

14.11433

-3.37

3.20

25.00

30.80

27.41

20.05

(A). Coal and Lignite

0.74136

-2.37

-0.79

-1.57

-2.26

-1.57

-0.56

(B). Mineral Oils

8.19208

-4.35

4.26

40.74

49.82

46.48

32.4

(C). Electricity

4.46349

-1.56

-2.04

-2.58

-0.54

-0.76

1.09

(D). Crude Petroleum & Natural Gas

0.71740

-5.33

26.13

56.31

61.51

34.75

26.99

III. MANUFACTURED PRODUCTS

63.12837

3.61

4.80

6.68

7.68

7.48

8.29

(A). Manufacture of Food Products

9.02016

2.08

2.54

4.72

6.24

7.2

8.89

(B). Manufacture of Beverages

0.90483

-0.68

-0.68

0.38

1.25

1.44

0.96

(C). Manufacture of Tobacco Products

0.27645

12.57

11.86

12.08

12.76

14.14

13.36

(D). Manufacture of Textiles

4.08993

1.94

4.9

7.25

10.98

10.85

12.8

(E). Manufacture of Wearing Apparel

1.32948

3.39

2.9

3.06

3.72

2.57

3.33

(F). Manufacture of Leather and Related Products

0.54137

2.64

3.23

3.87

4.23

3.63

4.59

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

1.07718

3

5.06

8.07

6.58

9.05

7.78

(H). Manufacture of Paper and Paper Products

1.15328

-0.66

0.11

2.18

2.95

3.19

3.18

(I). Printing and Reproduction of Recorded Media

0.42618

1.55

2.12

3.08

3.94

2.49

3.73

(J). Manufacture of Chemicals and Chemical Products

6.12567

0.22

5.7

13

14.73

12.78

13.12

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

2.20102

0.3

1.1

2.61

3.94

2.82

4.75

(L). Manufacture of Rubber and Plastic Products

2.71467

-0.72

5.38

10.07

10.84

9.94

10.38

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

2.84074

-0.93

-0.1

1.75

1.33

1.84

2.67

(N). Manufacture of Basic Metals

8.41133

7.34

8.57

10.7

13.16

12.31

12.56

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

4.13294

2.82

3.42

5.03

6.33

6.12

7.24

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

2.07628

0.89

-0.58

-1.17

-0.87

-1.53

-0.95

(Q). Manufacture of Electrical Equipment

2.64318

7.62

7.98

9.21

11.41

11.03

12.34

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

3.46796

1.26

1.07

1.84

2.23

2.13

2.61

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

5.43645

1.82

0.95

0.85

0.75

1.71

1.8

(T). Manufacture of Other Transport Equipment

1.39511

1.74

1.93

3.21

4.11

4

4.46

(U). Manufacture of Furniture

0.82618

-0.1

0.19

3.83

5.18

5.03

4.04

(V). Other Manufacturing

2.03798

31.54

32.89

26.21

21.41

20.55

22.46

FOOD INDEX

24.99851

1.27

1.92

3.29

4.58

6.14

6.65

 (P)-Provisional, (F)-Final

Annexure-III

 Cumulative WPI for All Commodities, Major Groups, and Groups

Groups/Major Groups

Commodity Weight

Apr-Jul

FY 2023-24

Apr-Jul

FY 2024-25

Apr-Jul

FY 2025-26

Apr-Jul FY 2026-27

ALL COMMODITIES

100.00000

98.8

100.5

100.3

109.8

I. PRIMARY ARTICLES

22.75730

103.9

111

108.3

115

(A). Food Articles

15.97835

105.8

115.2

111.4

116.2

(B). Non-Food Articles

5.52841

99

98

98.5

109.9

(C). Minerals

1.25054

101.1

114.2

112.3

122.6

II. FUEL AND POWER

14.11433

91.6

91.2

87.6

110.2

(A). Coal and Lignite

0.74136

92.1

89.5

89

87.7

(B). Mineral Oils

8.19208

89.4

89.9

84.9

120.9

(C). Electricity

4.46349

95.3

92.3

92.3

91.7

(D). Crude Petroleum & Natural Gas

0.71740

94.2

101.7

88.3

127.7

III. MANUFACTURED PRODUCTS

63.12837

98.5

98.8

100.3

107.8

(A). Manufacture of Food Products

9.02016

98.3

100.6

105.8

112.9

(B). Manufacture of Beverages

0.90483

102.4

103.8

103.9

105

(C). Manufacture of Tobacco Products

0.27645

104.1

106.8

109.3

123.6

(D). Manufacture of Textiles

4.08993

93.1

92.6

92.2

101.9

(E). Manufacture of Wearing Apparel

1.32948

102.4

104.4

108.1

111.5

(F). Manufacture of Leather and Related Products

0.54137

101.5

101.6

104.2

108.4

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

1.07718

102

103.2

107.4

115.9

(H). Manufacture of Paper and Paper Products

1.15328

91.5

89.4

91.3

94

(I). Printing and Reproduction of Recorded Media

0.42618

103.2

104.3

104.2

107.7

(J). Manufacture of Chemicals and Chemical Products

6.12567

93.4

91.3

90.7

102.8

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

2.20102

101

99.6

99.3

102.8

(L). Manufacture of Rubber and Plastic Products

2.71467

95.7

95.9

96.3

106.2

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

2.84074

99.2

96.1

97.6

99.4

(N). Manufacture of Basic Metals

8.41133

95.6

94.3

92.2

103.4

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

4.13294

100.3

100.1

99.5

105.7

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

2.07628

98.6

97

104

102.8

(Q). Manufacture of Electrical Equipment

2.64318

100.9

102

103.2

114.6

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

3.46796

102

102.2

103.2

105.5

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

5.43645

103.4

106.3

105.7

107.1

(T). Manufacture of Other Transport Equipment

1.39511

101.2

101.2

102.6

106.7

(U). Manufacture of Furniture

0.82618

101.6

101.6

101.2

105.8

(V). Other Manufacturing

2.03798

104.5

112.3

128.2

157.2

FOOD INDEX

24.99851

103.1

109.9

109.4

115

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 4 months indices

Annexure-IV

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

Groups/Major Groups

Commodity Weight

Apr-Jul

FY 2024-25

Apr-Jul

FY 2025-26

Apr-Jul FY 2026-27

ALL COMMODITIES

100.00000

1.72

-0.2

9.47

I. PRIMARY ARTICLES

22.75730

6.83

-2.43

6.19

(A). Food Articles

15.97835

8.88

-3.3

4.31

(B). Non-Food Articles

5.52841

-1.01

0.51

11.57

(C). Minerals

1.25054

12.96

-1.66

9.17

II. FUEL AND POWER

14.11433

-0.44

-3.95

25.8

(A). Coal and Lignite

0.74136

-2.82

-0.56

-1.46

(B). Mineral Oils

8.19208

0.56

-5.56

42.4

(C). Electricity

4.46349

-3.15

0

-0.65

(D). Crude Petroleum & Natural Gas

0.71740

7.96

-13.18

44.62

III. MANUFACTURED PRODUCTS

63.12837

0.3

1.52

7.48

(A). Manufacture of Food Products

9.02016

2.34

5.17

6.71

(B). Manufacture of Beverages

0.90483

1.37

0.1

1.06

(C). Manufacture of Tobacco Products

0.27645

2.59

2.34

13.08

(D). Manufacture of Textiles

4.08993

-0.54

-0.43

10.52

(E). Manufacture of Wearing Apparel

1.32948

1.95

3.54

3.15

(F). Manufacture of Leather and Related Products

0.54137

0.1

2.56

4.03

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

1.07718

1.18

4.07

7.91

(H). Manufacture of Paper and Paper Products

1.15328

-2.3

2.13

2.96

(I). Printing and Reproduction of Recorded Media

0.42618

1.07

-0.1

3.36

(J). Manufacture of Chemicals and Chemical Products

6.12567

-2.25

-0.66

13.34

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

2.20102

-1.39

-0.3

3.52

(L). Manufacture of Rubber and Plastic Products

2.71467

0.21

0.42

10.28

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

2.84074

-3.13

1.56

1.84

(N). Manufacture of Basic Metals

8.41133

-1.36

-2.23

12.15

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

4.13294

-0.2

-0.6

6.23

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

2.07628

-1.62

7.22

-1.15

(Q). Manufacture of Electrical Equipment

2.64318

1.09

1.18

11.05

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

3.46796

0.2

0.98

2.23

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

5.43645

2.8

-0.56

1.32

(T). Manufacture of Other Transport Equipment

1.39511

0

1.38

4

(U). Manufacture of Furniture

0.82618

0

-0.39

4.55

(V). Other Manufacturing

2.03798

7.46

14.16

22.62

FOOD INDEX

24.99851

6.6

-0.45

5.12

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

  1. Key highlights of Output PPI (Base Year 2022-23) for July 2026
  1. All India Output PPI for All Commodities for July 2026 stands at 109.9, same as it was in June 2026.
  2. Output PPIs for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity are 115.6, 119.4, 108.8, and 92.4, respectively, in July 2026, whereas those were 114.1, 121.5, 109.2, and 92.0, respectively, in June 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

5

Chart 6: Output PPI across Major Groups

6

  1. The final index of Output PPI for the month of May 2026 has been revised from 109.6 (Provisional estimate) to 109.9.
  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 July 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 July 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

Feb-26
(F)

Mar-26
(F)

Apr-26
(F)

May-26
(F)

Jun-26
(P)

Jul-26
(P)

ALL COMMODITIES

100

103.3

104.9

108.8

109.9

109.9

109.9

AGRICULTURE, FORESTRY AND FISHING

22.15648

110.8

110.6

111.4

112.1

114.1

115.6

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

111.3

111.0

111.5

111.9

114.3

116.1

Forestry and Logging

1.67481

115.0

115.4

116.7

118.8

118.0

119.9

Fishing and Aquaculture

1.44948

99.3

100.1

103.2

106.9

106.6

103.7

MINING AND QUARRYING

3.42065

109.9

117.0

125.2

124.6

121.5

119.4

Mining of Metal Ores

0.70792

168.0

171.5

174.7

180.1

178.7

177.7

Mining of Coal and Lignite

0.7398

86.5

87.8

87.7

86.6

87.9

88.4

Other Mining and Quarrying

1.23208

103.2

100.5

109.9

108.5

113.1

110.9

Extraction of Crude Petroleum and Natural Gas

0.74085

88.9

121.7

141.0

136.2

114.2

108.9

MANUFACTURED PRODUCTS

69.93568

101.2

103.4

108.3

109.7

109.2

108.8

(A). Manufacture of Food Products

8.47196

108.3

109.2

111.0

112.5

113.2

115.5

(B). Manufacture of Beverages

0.8417

102.7

102.8

104.6

105.0

105.5

105.2

(C). Manufacture of Tobacco Products

0.25705

125.9

125.9

125.4

125.6

127.4

128.2

(D). Manufacture of Textiles

4.38774

95.0

97.8

100.9

103.9

104.3

105.7

(E). Manufacture of Wearing Apparel

1.20494

108.7

108.7

109.9

110.8

110.8

110.9

(F). Manufacture of Leather and Related Products

0.49989

103.6

104.2

105.9

107.1

107.3

108.1

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

1.08949

108.3

110.3

113.3

113.2

114.8

114.1

(H). Manufacture of Paper and Paper Products

1.03128

90.7

91.6

93.9

94.5

94.1

94.5

(I). Printing and Reproduction of Recorded Media

0.30931

106.1

107.1

109.3

109.5

109.6

110.1

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

85.7

92.7

121.1

125.2

122.3

112.7

(K). Manufacture of Chemicals and Chemical Products

5.74793

92.2

97.3

103.3

104.1

103.0

102.9

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

1.92807

100.6

101.8

103.2

103.6

103.0

104.5

(M). Manufacture of Rubber and Plastic Products

2.57252

96.9

102.5

106.7

107.0

106.8

107.0

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

2.50437

95.8

96.4

99.0

99.1

99.5

99.9

(O). Manufacture of Basic Metals

7.465

96.6

99.0

102.7

104.3

102.7

102.1

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

3.15198

100.4

101.1

102.3

103.3

104.0

104.0

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

1.7748

104.6

104.6

104.3

104.9

104.7

105.3

(R). Manufacture of Electrical Equipment

3.81453

104.0

104.4

105.7

107.2

107.9

108.9

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

2.46158

104.7

104.8

105.7

105.7

105.6

106.2

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

4.39321

106.9

106.6

107.4

107.2

107.6

107.8

(U). Manufacture of Other Transport Equipment

1.34392

106.1

106.4

107.2

107.6

107.6

108.9

(V). Manufacture of Furniture

0.73566

103.2

103.7

105.3

104.9

105.4

104.7

(W). Other Manufacturing

6.80057

118.3

119.9

120.9

122.2

121.0

122.1

ELECTRICITY

4.48719

94.5

91.1

90.8

91.6

92.0

92.4

Electricity

4.48719

94.5

91.1

90.8

91.6

92.0

92.4

  (P)-Provisional, (F)-Final

Annexure-VI

Cumulative Output PPI for All Commodities, Major Groups and Groups

Groups/Major Groups

Weight

Apr-Jul 2023

Apr-Jul 2024

Apr-Jul 2025

Apr-Jul 2026

ALL COMMODITIES

100

98.8

100.3

100.3

109.6

AGRICULTURE, FORESTRY AND FISHING

22.15648

103.9

109.3

107.2

113.3

Crop and Animal Production, Hunting and Related Service Activities 

19.03219

104

109.6

107.3

113.5

Forestry and Logging

1.67481

102.5

113

111.6

118.4

Fishing and Aquaculture

1.44948

104.9

100.9

101.3

105.1

MINING AND QUARRYING

3.42065

97.6

106.1

103.8

122.7

Mining of Metal Ores

0.70792

105.6

126.1

140.7

177.8

Mining of Coal and Lignite

0.7398

92.1

89.5

89

87.7

Other Mining and Quarrying

1.23208

100.9

109.2

103.9

110.6

Extraction of Crude Petroleum and Natural Gas

0.74085

90.1

98.4

83.4

125.1

MANUFACTURED PRODUCTS

69.93568

97.4

97.6

98.5

109

(A). Manufacture of Food Products

8.47196

97.2

99.8

105.7

113.1

(B). Manufacture of Beverages

0.8417

102.5

104

104.1

105.1

(C). Manufacture of Tobacco Products

0.25705

104

106.8

109.5

126.7

(D). Manufacture of Textiles

4.38774

93.2

93

92.4

103.7

(E). Manufacture of Wearing Apparel

1.20494

102

103.5

107.3

110.6

(F). Manufacture of Leather and Related Products

0.49989

101.1

100.6

102.7

107.1

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

1.08949

101.9

102.8

106.4

113.9

(H). Manufacture of Paper and Paper Products

1.03128

91.5

89.5

91.5

94.3

(I). Printing and Reproduction of Recorded Media

0.30931

103.9

104.8

105.4

109.6

(J). Manufacture of Coke and Refined Petroleum Products

7.14818

89.4

89.8

84.9

120.3

(K). Manufacture of Chemicals and Chemical Products

5.74793

93.5

91.5

91.1

103.3

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

1.92807

101.8

99.3

99.6

103.6

(M). Manufacture of Rubber and Plastic Products

2.57252

95.8

96

96.4

106.9

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

2.50437

99

95.8

97

99.4

(O). Manufacture of Basic Metals

7.465

95.5

94.2

91.6

103

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

3.15198

99.2

99.5

98.4

103.4

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

1.7748

98.5

96.3

107.7

104.8

(R). Manufacture of Electrical Equipment

3.81453

99.8

99.5

100.7

107.4

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

2.46158

102

102.7

103.3

105.8

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

4.39321

103.7

106.5

106

107.5

(U). Manufacture of Other Transport Equipment

1.34392

101.5

101.6

103.6

107.8

(V). Manufacture of Furniture

0.73566

101.6

101.4

101.6

105.1

(W). Other Manufacturing

6.80057

101.6

103

108

121.6

ELECTRICITY

4.48719

95.3

92.3

92.3

91.7

Electricity

4.48719

95.3

92.3

92.3

91.7

Note: Cumulative Index has been calculated by taking Arithmetic Mean of 4 months indices

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

  1. All India trial Input PPI[1] for Manufacturing Sector for July 2026 stands at 105.9 (Provisional estimate).
  2. Trial Input PPI for Manufacturing Sector for the month of May 2026 has been revised from 104.9 (provisional estimate) to 106.5 (final index).
  3. Trial Input PPI for all Manufacturing Industries at NIC-2-digit, from March to July 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
(F)

Jun-26
(P)

Jul-26 (P)

Manufacturing Sector

100.000000

100.9

104.2

106.5

107.1

105.9

(A). Manufacture of Food Products

14.84638

107.1

108.3

110.5

112.2

113.8

(B). Manufacture of Beverages

1.03035

106

104.5

105.4

105.5

107.4

(C). Manufacture of Tobacco Products

0.26443

128

124.7

122.5

123.4

130.8

(D). Manufacture of Textiles

5.88918

95.5

100.8

103.4

107.8

103.9

(E). Manufacture of Wearing Apparel

1.57012

105.6

106.6

107.4

109.6

108.1

(F). Manufacture of Leather and Related Products

0.77634

96.3

96

97.9

96

98.5

(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

113.4

112.3

112

(H). Manufacture of Paper and Paper Products

0.87494

95.1

96.8

97.2

97

98

(I). Printing and Reproduction of Recorded Media

0.46606

96.4

98.3

98.9

98.5

98.4

(J). Manufacture of Coke and Refined Petroleum Products

12.3291

98.2

105.2

111.8

113.5

99.9

(K). Manufacture of Chemicals and Chemical Products

7.98919

100.9

107.9

110.5

112.5

109.4

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

2.40463

98.2

103.5

105.3

105.6

104.3

(M). Manufacture of Rubber and Plastic Products

3.40235

105.9

109.8

111.1

112.1

111.6

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

3.28306

92.3

96.4

98.4

92.6

93.3

(O). Manufacture of Basic Metals

11.25229

98.3

100.6

102.2

99.2

101.5

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

5.59239

99.7

102.2

104.7

105.4

105.8

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

2.22964

108

108.2

107

111.5

108.5

(R). Manufacture of Electrical Equipment

3.64437

111.5

113.4

116.2

117.7

117.2

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

5.07784

102.2

105

105.4

105.3

106.4

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

10.49446

101.5

102.8

103.7

104.9

105.1

(U). Manufacture of Furniture

0.98353

97.6

101.1

100.7

98.6

101.5

(V). Other Manufacturing

3.77741

88.9

88.4

89.5

88

99.3

 (P)-Provisional, (F)-Final

 

Topics

Acts Income Tax