India Economic Calendar
Economy of India
India has a mixed economy, is the fifth-largest economy in the world, and is one of the fastest-growing economies, overtaking China.
Once the agricultural industry was the primary source of revenue and income, India currently has a diverse economy with the bulk of activity and growth coming from the service sector, which accounts for half of the country's GDP and remains the fastest-growing sector.
Leading service industries in India include telecommunications, information technology, and software, with people employed by both local and foreign corporations.
Direct taxes are the main source of income for the Indian government, while interest payments are the largest item of government expenditure, followed by military, subsidies, health care, and education.
Bank of India
The Reserve Bank of India (RBI) is the central bank and regulatory authority for India. In addition to managing the country's principal payment systems and working to advance economic growth, it also issues and maintains the supply of the Indian Rupee (INR), the country's legal currency. The Reserve Bank of India aggressively trades the USD/INR currency market to affect effective exchange rates.
Interest Rate of India
The Interest Rate in India is set by the Central Board of Directors of the Reserve Bank of India (RBI). When the Reserve Bank of India changed its monetary policy goals in 2014, it put more emphasis on keeping prices stable and less on keeping the government from borrowing, keeping the currency stable, and keeping exports going.
India Economic Calendar
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Thursday, Sep 28, 2023
|
|||||||||
Sep 28, 00:00
|
1 day
|
INR | Id-E-Milad |
None
|
|||||
Friday, Sep 29, 2023
|
|||||||||
Sep 29, 10:30
|
2 days
|
INR | Government Budget Value (Aug) |
Low
|
-INR6055.9B |
-INR6200B
|
|||
Sep 29, 11:30
|
2 days
|
INR | Foreign Exchange Reserves (Sep/22) |
Low
|
|||||
Sep 29, 11:30
|
2 days
|
INR | Infrastructure Output YoY (Aug) |
Low
|
8% |
7%
|
|||
Sep 29, 12:00
|
2 days
|
INR | External Debt (Q2) |
Low
|
$624.7B |
$615B
|
|||
Sep 29, 12:00
|
2 days
|
INR | Current Account (Q2) |
Medium
|
-$1.3B |
-$8.9B
|
|||
Monday, Oct 02, 2023
|
|||||||||
Oct 02, 00:00
|
5 days
|
INR | Mahatma Gandhi's Birthday |
None
|
|||||
Tuesday, Oct 03, 2023
|
|||||||||
Oct 03, 05:00
|
6 days
|
INR | S&P Global Manufacturing PMI (Sep) |
Medium
|
58.6 |
57
|
|||
Wednesday, Oct 04, 2023
|
|||||||||
Oct 04, 11:30
|
7 days
|
INR | M3 Money Supply YoY (Sep/22) |
Low
|
11.1% | ||||
Thursday, Oct 05, 2023
|
|||||||||
Oct 05, 05:00
|
8 days
|
INR | S&P Global Composite PMI (Sep) |
Low
|
60.9 |
58
|
|||
Oct 05, 05:00
|
8 days
|
INR | S&P Global Services PMI (Sep) |
Low
|
60.1 |
59
|
|||
Friday, Oct 06, 2023
|
|||||||||
Oct 06, 04:30
|
9 days
|
INR | RBI Interest Rate Decision |
Medium
|
6.5% |
6.5%
|
|||
Oct 06, 04:30
|
9 days
|
INR | Cash Reserve Ratio |
Low
|
4.5% |
4.5%
|
|||
Oct 06, 11:30
|
9 days
|
INR | Bank Loan Growth YoY (Sep/22) |
Low
|
|||||
Oct 06, 11:30
|
9 days
|
INR | Foreign Exchange Reserves (Sep/29) |
Low
|
|||||
Oct 06, 11:30
|
9 days
|
INR | Deposit Growth YoY (Sep/22) |
Low
|
|||||
Thursday, Oct 12, 2023
|
|||||||||
Oct 12, 12:00
|
15 days
|
INR | Inflation Rate MoM (Sep) |
Low
|
0.4
|
||||
Oct 12, 12:00
|
15 days
|
INR | Industrial Production YoY (Aug) |
Medium
|
|||||
Oct 12, 12:00
|
15 days
|
INR | Manufacturing Production YoY (Aug) |
Medium
|
|||||
Oct 12, 12:00
|
15 days
|
INR | Inflation Rate YoY (Sep) |
Medium
|
6.2
|
||||
Friday, Oct 13, 2023
|
|||||||||
Oct 13, 00:10
|
16 days
|
INR | Passenger Vehicles Sales YoY (Sep) |
Low
|
|||||
Oct 13, 06:30
|
16 days
|
INR | WPI Fuel YoY (Sep) |
Low
|
-6
|
||||
Oct 13, 06:30
|
16 days
|
INR | WPI Manufacturing YoY (Sep) |
Low
|
-0.3
|
||||
Oct 13, 06:30
|
16 days
|
INR | WPI Inflation YoY (Sep) |
Low
|
2.4
|
||||
Oct 13, 06:30
|
16 days
|
INR | WPI Food Index YoY (Sep) |
Low
|
-2
|
||||
Oct 13, 11:30
|
16 days
|
INR | Foreign Exchange Reserves (Oct/06) |
Low
|
|||||
Oct 13, 12:20
|
16 days
|
INR | Balance of Trade (Sep) |
Medium
|
-19
|
||||
Oct 13, 12:20
|
16 days
|
INR | Imports (Sep) |
Low
|
58
|
||||
Oct 13, 12:20
|
16 days
|
INR | Exports (Sep) |
Low
|
39
|
||||
Wednesday, Oct 18, 2023
|
|||||||||
Oct 18, 11:30
|
21 days
|
INR | M3 Money Supply YoY (Oct/06) |
Low
|
|||||
Friday, Oct 20, 2023
|
|||||||||
Oct 20, 11:30
|
23 days
|
INR | Foreign Exchange Reserves (Oct/13) |
Low
|
|||||
Oct 20, 11:30
|
23 days
|
INR | Bank Loan Growth YoY (Oct/06) |
Low
|
|||||
Oct 20, 11:30
|
23 days
|
INR | Deposit Growth YoY (Oct/06) |
Low
|
|||||
Tuesday, Oct 24, 2023
|
|||||||||
Oct 24, 00:00
|
27 days
|
INR | Dussehra |
None
|