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August 3, 2026
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Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
August 3, 2026
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Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
August 3, 2026
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Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
August 3, 2026
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Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
August 3, 2026
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Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
August 3, 2026
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Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
August 3, 2026
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Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
August 2, 2026
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Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
August 2, 2026
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Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
August 1, 2026
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GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
August 1, 2026
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Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
August 1, 2026
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Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
August 1, 2026
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GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
August 1, 2026
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Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
August 1, 2026
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PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
August 1, 2026
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Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
August 1, 2026
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GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
August 1, 2026
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Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
August 1, 2026
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GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
August 1, 2026
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GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.

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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