Subindices
A broad set of indices offering granular insights across various facets of the Indian economy
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Near-term Outlook
With headline inflation at a historic low, there is significant monetary policy leeway for the RBI to consider easing rates, we expect a possible 25 bps cut in FY26.
Near-term Outlook
The Financial Sector Soundness Index anticipates continued measured credit expansion in the final quarter of 2025, aligned with stable borrowing costs and sufficient liquidity in the system.
Near-term Outlook
The services sector is expected to continue expanding, supported by robust domestic demand, but the growth rate may hover in the high-50s PMI zone rather than rapid jumps, given moderating new orders and global uncertainty.
Near-term Outlook
With PMI well above 58-60, the index points toward sustained industrial expansion into Q4 and early FY26, especially in manufacturing segments tied to domestic demand (capital goods, consumer durables) and export-oriented manufacturing.
Near-term Outlook
Given the strong sowing progress and adequate moisture/irrigation buffers, the index signals a good Rabi crop season, which should help bolster overall agricultural output and support rural incomes.
Near-term Outlook
With domestic liquidity favourable and strong private investor participation, the equity market is expected to remain bullish in the near term, though broad-based upside may be limited without fresh catalysts.
Near-term Outlook
The Global Economic Impact Index suggests that India’s external sector will be tested by continued geopolitical uncertainties and fluctuating global commodity prices, but policy buffers such as forex reserves and active engagement in trade diversification will aid stability.
Near-term Outlook
The Interest Rate Outlook Index suggests stability in policy rates through late 2025, with market expectations pointing to a possible 25 basis points cut in late FY26 as inflationary pressures remain subdued and private investment picks up.