India's economy grew 7.8% in the first quarter (Q1) of the current financial year, official estimates show. The pace was quicker than the same quarter a year earlier though slower than the previous quarter. The expansion was led by the manufacturing sector along with services such as utilities, financial services, real estate, IT, and public administration and defence.
India's Index of Industrial Production (IIP) grew 6.7% in July 2026, supported by the manufacturing and the electricity and gas supply sectors. It was the second-best industrial reading since December of the previous year. Economists cautioned that sluggish rural consumption remains a drag on a broader and more durable industrial recovery.
The HinduOutput of India's core industries, measured by the Index of Core Industries (ICI), grew 5.4% in July 2026, according to data released by the Ministry of Commerce and Industry. Though the pace slowed from earlier months, it was still the second-fastest core-sector growth recorded in seven months. Core industries carry a large weight within overall industrial production.
The HinduIndia's wholesale price index (WPI) inflation eased to 9.78% in July 2026 as food, fuel and power prices cooled. It was the first month-on-month decline in wholesale inflation under the new 2022-23 base year series. The moderation offers some relief on the price front even as overall inflation remains elevated.
The HinduIndia's fiscal deficit reached 26.8% of the full-year FY27 target by the end of July, official data show. Strong tax and non-tax receipts kept the government's finances in check even as capital expenditure and subsidy spending accelerated over the first four months of the financial year. The pick-up in capex signals continued government-led investment.
LivemintThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
Prepared from official releases (PIB) and national dailies. Summaries and insights are AI-generated from those sources, checked against them before publishing, and each item links to its original. Photographs are from Wikimedia Commons and credited where shown. Not affiliated with UPSC, SSC or any examination body — verify against official notifications.
