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Macro Analytics/IN
Macro country sheet

India IN

Currency: INR. Central bank: Reserve Bank of India. INR/USD: 0.0107.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario
Medium risk
Reflation

Growth at or above trend with inflation above target.

Growth Expanding 7.8 · Inflation Above target 4.7 · weakest: Fiscal 2.6, External 4.8

What to monitor: Check which dimension is driving divergence before drawing a broad country conclusion.

growth momentuminflation trendcentral bank stance
Where data is thin
IndicatorsIndia Retail sales volume MoM

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth7.8Inflation4.7Labor8.0Monetary5.0External4.8Fiscal2.6
Growth
7.8Stable
expanding
Inflation
4.7Worsening
above target
Labor
8.0Stable
tight
Monetary
5.0Worsening
neutral
External
4.8Stable
balanced
Fiscal
2.6Stable
expansive

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

India GDP YoY
8.10%
India CPI YoY
5.54%
India unemployment rate (CMIE, unofficial)
5.00%
RBI policy repo rate
5.50%
India 10Y government bond yield
7.06%
India Current account % GDP
-0.32% of GDP
India Government debt % GDP
84.30% of GDP
India Fiscal balance % GDP
-7.40% of GDP

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