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August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.

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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