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September 8, 2026
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Strategic equity investment in AI video technology supports expanded enterprise automation, personalised communication, and startup innovation collaboration.
Bajaj Finance acquired a 5% equity stake in TrueFan AI through Finserv Intelligence, an applied research and innovation initiative supporting scalable technology enterprises. The investment follows existing use of TrueFan AI's platform for personalised customer engagement and dealer enablement. The parties intend to expand collaboration in personalised marketing, high-volume video generation, live-avatar assistance, multilingual communication, learning and development, and digital onboarding. The partnership combines equity participation with development of technological capabilities and long-term strategic value.
September 8, 2026
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Corporate share transaction validity was sustained after allegations of altered control and financial impropriety were rejected in prolonged proceedings.
The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.
September 8, 2026
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PMLA information-sharing enables a police FIR request over alleged bribery, sham consultancy payments, and suspected fund routing.
Enforcement Directorate used PMLA information-sharing powers to seek a police FIR over alleged bribery, sham consultancy payments, and laundering of funds linked to CMRL and Exalogic Solutions. The allegations concern purported payments for IT consultancy services, use of Exalogic Solutions as a corporate vehicle for routing payments, and alleged transfers of funds to Dubai. The investigation also draws on allegations of fictitious corporate expenditure that generated cash for unlawful payments.
September 8, 2026
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PMLA information-sharing in alleged consultancy payments enables police FIR registration and potential money-laundering proceedings thereafter.
Section 66(2) of the Prevention of Money Laundering Act permits the Enforcement Directorate to share criminal-investigation findings with law-enforcement agencies for registration of a fresh FIR or complaint. A police case registered on that information can form the basis for a PMLA case. In the reported investigation, FIR registration was sought on evidence gathered during the PMLA probe and searches concerning alleged consultancy payments.
September 8, 2026
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Governance and risk oversight gain focus as strategic advisers support institutional-grade alternative credit operations for MSMEs.
Strategic Advisory Board appointments add Mr. Rajaram and Mr. Bala Swaminathan to UpTik's advisory leadership for its invoice discounting and alternative credit operations. Their respective experience in structured finance, regulatory compliance, banking operations, treasury and institutional finance is intended to strengthen governance, risk oversight, compliance, credit-management frameworks and institutional partnerships. The appointments support expansion of transparent and responsible alternative credit access for MSMEs.
September 8, 2026
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Homebuyer claims and delayed possession require a comprehensive proposal, while frozen accounts remain unavailable for insolvency operations.
Proceedings concerning delayed real-estate projects require a fresh comprehensive proposal addressing possession, refunds, delayed-possession compensation, and enforcement-related claims of all homebuyers across the developer's group entities. An inadequate proposal may lead to appointment of a High-Powered Committee to assume relevant responsibilities. Frozen bank accounts remain under restraint, and a request by the Insolvency Resolution Professional to operate an account for company affairs was not entertained. The proceedings also raise concerns over enforcement of real-estate regulatory directions and protection of homebuyers facing prolonged delays.
September 8, 2026
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Crude oil price volatility heightens India's import, inflation and fuel-retailer margin pressures amid West Asia supply disruptions.
Elevated crude prices arising from West Asia supply and maritime-transit risks increase India's oil import costs and may pressure the trade balance and currency. Higher international crude prices can feed into domestic inflation through fuel, transport and energy costs, depending on domestic price pass-through and the duration of the increase. Retail fuel-price restraint may compress fuel-retailer margins and increase LPG under-recoveries. Refiners, distributors, airlines, petrochemical businesses and other energy-intensive sectors also face higher costs, particularly where crude, LPG and naphtha supplies depend on regional transit flows.
September 8, 2026
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Alternative investment fund private placements require eligible investors and governing offering documents, with market-risk and no-advice disclosures.
Alternative Investment Fund units are not offered through public solicitation. Subscriptions, purchases or dealings in units may occur only by private placement to eligible investors and on the terms of the relevant private placement memorandum and constitutive documents. The material is not investment advice or a recommendation concerning securities or companies. Securities-market investments carry market risk, and past performance does not assure future results. Category III fund management is also associated with investment-process assessment, risk governance and institutional infrastructure.
September 8, 2026
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PMLA information-sharing mechanism triggers requested corruption FIR based on alleged consultancy payments and suspected proceeds of crime.
The requested police case concerns allegations that CMRL made fraudulent payments to Exalogic Solutions, a now-defunct company, by representing them as consideration for IT consultancy services. The investigation also alleged generation of proceeds of crime by CMRL management and persons connected with the recipient company. Searches reportedly resulted in seizure of handwritten notes containing details of certain fund transfers to Dubai.
September 8, 2026
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PMLA information-sharing mechanism supports police FIR referral based on alleged CMRL-linked payments and investigation material.
PMLA information-sharing power under section 66(2) permits the Enforcement Directorate to transmit money-laundering investigation findings and material recovered through searches to a law-enforcement agency for consideration of a fresh FIR or complaint. An FIR registered on that basis may also support a PMLA case. Registration was reportedly sought in relation to alleged CMRL-linked bribery involving purported fraudulent consultancy payments and material said to record fund transfers to Dubai.
September 8, 2026
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Export-led growth in technology goods and autos widens trade imbalances amid tariffs, strategic supply constraints, and diversification.
China's export growth accelerated in August, driven by demand for automobiles and high-technology goods, while imports also rose and the trade surplus widened. Export growth continued to outpace imports, supported by expanded shipments to Southeast Asia, Latin America and Africa and by rising exports of electric vehicles, industrial machinery and semiconductors. Reliance on exports amid weak domestic consumption and investment contributed to concerns over global economic imbalances and continuing strategic trade tensions.
September 8, 2026
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Foreign-exchange intervention supports rupee stability amid elevated oil prices, geopolitical tensions, and shifting global market indicators.
Rupee depreciation in the interbank foreign-exchange market reflected elevated Brent crude prices, Middle East geopolitical tensions and weaker investor confidence. RBI dollar sales and foreign-currency inflows under special schemes supported range-bound currency trading despite external pressures. A softer dollar index, foreign institutional equity purchases, inflation data and the Federal Open Market Committee meeting were identified as relevant indicators for currency-market direction.
September 8, 2026
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Performance-linked incentives for public sector bank executives are kept in abeyance pending bipartite settlement and joint note discussions.
Implementation of the Performance Linked Incentive Scheme for Public Sector Bank executives is kept in abeyance for FY 2025-26 following employee concerns about its structure. The scheme will be considered during ongoing Bipartite Settlement and Joint Note discussions. Employee representatives also raised issues concerning ex-gratia benefits and medical facilities for retired employees. The concerns are to be addressed through dialogue, consultation and mutual understanding.
September 8, 2026
Show AI Summary
Customs trade data show stronger export and import growth, driven by automotive and high-technology demand.
China's customs trade indicators for August record export growth of 25% year-on-year, accelerating from July's 23.9% rate, supported by demand for automobiles and high-technology goods. Imports rose 28.2% year-on-year, up from July's 27.5% growth. Higher import and export values produced a trade surplus of $119.1 billion, widening from $112.5 billion in July.
September 8, 2026
Show AI Summary
Money-laundering searches of media-linked premises prompted allegations of political vendetta, while investigators cited suspected funding and circulation irregularities.
Enforcement Directorate searches at premises linked to a Rajya Sabha member and an Urdu daily were undertaken in connection with a money-laundering investigation. The investigation arose from a police FIR and concerned allegations of material promoting communal disharmony, unaccounted cash transactions, suspicious funding, overstated circulation figures to secure government advertising, and advertising-linked funding connected with a Dubai-based entity. The political party disputed the action, alleging political motivation and targeting of a media voice.
September 8, 2026
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Money-laundering investigation into alleged Valmiki Corporation fund diversion includes renewed questioning and scrutiny of related irregularities.
Money-laundering investigation concerning alleged misappropriation of Karnataka Maharishi Valmiki Scheduled Tribes Development Corporation Limited funds involved further recording of a former minister's statement under the Prevention of Money Laundering Act. The inquiry follows earlier questioning, arrest, grant of bail and filing of a chargesheet over alleged fund-transfer irregularities. The former minister denied involvement, characterised the matter as bank fraud, and stated that no documents were sought during the inquiry.
September 7, 2026
Show AI Summary
Aadhaar-based learning licence authentication faces challenge over age verification, identity safeguards, and compliance with prescribed licensing formalities.
Aadhaar-based online processing of learning and driving licence applications is challenged on the ground that Aadhaar is not valid proof of age and that reliance on Aadhaar details may enable issue of licences to underage applicants. Allegations that licences were issued using a deceased person's Aadhaar number and despite an obscene uploaded photograph raise identity-verification and security concerns. The Union and State maintain that Aadhaar alone does not result in licence issuance because prescribed formalities must also be completed.
September 7, 2026
Show AI Summary
Digital payment transparency for religious institutions supports direct trust-account donations, reconciliation, and technology-led banking services.
Digital donation collection facilities for temples and religious establishments include kiosks, Bharat Bill Payment System payments and UPI QR-code payments. Donations may be credited directly to the relevant trust account, supported by transaction reconciliation and digital records to improve transparency and ease of transactions. Technology services also cover municipal dues payments and property-tax assessment, alongside banking support for defence-sector ecosystems, MSMEs, agriculture and priority-sector lending.
September 7, 2026
Show AI Summary
Rupee exchange-rate movement reflected crude oil pressures, domestic equity weakness, foreign inflows, and a softer dollar.
Foreign-exchange market conditions resulted in the rupee closing weaker against the US dollar after initial support from foreign currency deposit inflows. Rising crude oil prices and weakness in domestic equity markets weighed on sentiment and offset support from a softer dollar and foreign investor equity purchases. Future movement may remain influenced by foreign inflows, crude oil prices, domestic market conditions, geopolitical tensions and inflation data.
September 7, 2026
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Surrogate advertising allegations challenge notices targeting brand ambassadors and raise jurisdiction and hearing concerns for product promoters.
Challenge to surrogate advertising allegations concerns notices requiring brand ambassadors promoting Vimal Elaichi to prove that it differs from prohibited pan masala, halt promotions, and remove digital materials. The product promoter contests the notices because they were addressed only to the actors, it was not heard, and the regulator allegedly lacked jurisdiction to stop the advertisements. Territorial jurisdiction to entertain the challenge is also contested.

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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 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