India
+0.8
▲
vs 1w ago (-0.3)
India economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
+0.8
1 Week Ago
-0.3
Releases (90d)
95
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with Nifty 50 Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Infrastructure Output YoY +2.56z
- HSBC Manufacturing PMI +1.62z
- Inflation Rate YoY +0.78z
- Bank Loan Growth YoY +2.74z
- Balance of Trade +1.08z
▼ Top Negative Surprises
- HSBC Manufacturing PMI -2.43z
- WPI Fuel YoY -1.47z
- WPI Inflation YoY -0.90z
- HSBC Composite PMI -1.31z
- S&P Global Manufacturing PMI -1.01z
All Releases — 90 Day Window (95 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-05-20 | Infrastructure Output YoY | 1.7 | -0.5 | +2.559 | Low | +63.97 |
| 2026-04-23 | HSBC Manufacturing PMI | 55.9 | 54.0 | +1.617 | Medium | +43.32 |
| 2026-03-24 | HSBC Manufacturing PMI | 53.8 | 56.8 | -2.427 | Medium | -32.51 |
| 2026-05-12 | Inflation Rate YoY | 3.48 | 3.8 | +0.775 | Medium | +32.21 |
| 2026-05-14 | WPI Fuel YoY | 24.71 | 3.0 | -1.472 | Low | -32.04 |
| 2026-04-17 | Bank Loan Growth YoY | 16.1 | 12.8 | +2.736 | Low | +31.91 |
| 2026-04-15 | Balance of Trade | -20.67 | -32.75 | +1.077 | Medium | +23.98 |
| 2026-05-06 | HSBC India Services PMI | 58.8 | 57.9 | +1.281 | Low | +23.17 |
| 2026-05-14 | WPI Inflation YoY | 8.3 | 4.4 | -0.903 | Low | -19.66 |
| 2026-03-24 | HSBC Composite PMI | 56.5 | 58.7 | -1.311 | Medium | -17.57 |
| 2026-05-04 | S&P Global Manufacturing PMI | 54.7 | 55.9 | -1.013 | Low | -17.50 |
| 2026-05-04 | HSBC Manufacturing PMI | 54.7 | 55.9 | -0.986 | Low | -17.04 |
| 2026-03-24 | S&P Global Manufacturing PMI | 53.8 | 56.8 | -2.493 | Low | -16.70 |
| 2026-05-06 | HSBC Services PMI | 58.8 | 57.5 | +0.903 | Low | +16.34 |
| 2026-03-24 | S&P Global Composite PMI | 56.5 | 58.7 | -1.213 | Medium | -16.25 |
| 2026-04-23 | S&P Global Composite PMI | 58.3 | 57.5 | +0.450 | Medium | +12.07 |
| 2026-04-23 | HSBC Services PMI | 57.9 | 57.3 | +0.418 | Medium | +11.21 |
| 2026-04-15 | Imports | 59.6 | 65.0 | -1.005 | Low | -11.19 |
| 2026-03-24 | HSBC India Services PMI | 57.2 | 58.3 | -1.555 | Low | -10.42 |
| 2026-03-24 | HSBC Services PMI | 57.2 | 58.3 | -0.754 | Medium | -10.10 |
| 2026-04-02 | HSBC Manufacturing PMI | 53.9 | 55.2 | -1.082 | Low | -8.92 |
| 2026-04-10 | Foreign Exchange Reserves | 697.12 | 710.0 | -0.882 | Low | -8.75 |
| 2026-05-14 | WPI Manufacturing YoY | 4.62 | 3.9 | -0.368 | Low | -8.00 |
| 2026-04-20 | Infrastructure Output YoY | -0.4 | 4.7 | -0.631 | Low | -7.89 |
| 2026-03-24 | S&P Global Services PMI | 56.5 | 58.7 | -1.102 | Low | -7.38 |
| 2026-02-27 | Gross Domestic Product YoY | 7.8 | 7.2 | +0.933 | Medium | +7.01 |
| 2026-02-27 | Gross Domestic Product YoY | 7.8 | 7.2 | +0.933 | Medium | +7.01 |
| 2026-02-27 | Gross Domestic Product YoY | 7.8 | 7.2 | +0.933 | Medium | +7.01 |
| 2026-05-15 | Balance of Trade | -28.38 | -27.0 | -0.149 | Medium | -6.65 |
| 2026-02-27 | GDP Growth Rate YoY | 7.8 | 7.2 | +0.541 | High | +6.10 |
| 2026-03-16 | Unemployment Rate | 4.9 | 5.1 | +0.988 | Low | +5.50 |
| 2026-05-12 | Inflation Rate MoM | 0.27 | 0.6 | +0.257 | Low | +5.34 |
| 2026-04-13 | Inflation Rate YoY | 3.4 | 3.48 | +0.212 | Medium | +4.50 |
| 2026-04-06 | HSBC India Services PMI | 57.5 | 57.2 | +0.432 | Low | +3.91 |
| 2026-04-15 | Exports | 38.92 | 38.0 | +0.337 | Low | +3.76 |
| 2026-04-15 | WPI Inflation YoY | 3.88 | 3.0 | -0.299 | Low | -3.33 |
| 2026-03-12 | Inflation Rate YoY | 3.21 | 3.1 | -0.327 | Medium | -3.32 |
| 2026-03-30 | External Debt | 765.5 | 749.0 | -0.403 | Low | -3.10 |
| 2026-03-30 | External Debt | 765.5 | 749.0 | -0.403 | Low | -3.10 |
| 2026-02-27 | Fiscal Year GDP Growth | 7.6 | 7.4 | +0.398 | Medium | +2.99 |
| 2026-03-12 | CPI | 3.21 | 3.1 | -0.281 | Medium | -2.85 |
| 2026-03-12 | CPI | 3.21 | 3.1 | -0.281 | Medium | -2.85 |
| 2026-04-06 | HSBC Composite PMI | 57.0 | 56.5 | +0.310 | Low | +2.80 |
| 2026-04-06 | S&P Global Composite PMI | 57.0 | 56.5 | +0.286 | Low | +2.59 |
| 2026-04-06 | S&P Global Services PMI | 57.0 | 56.5 | +0.260 | Low | +2.35 |
| 2026-03-02 | S&P Global Manufacturing PMI | 56.9 | 57.5 | -0.492 | Low | -1.98 |
| 2026-03-30 | Industrial Production YoY | 5.2 | 4.2 | +0.117 | Medium | +1.80 |
| 2026-03-04 | HSBC India Services PMI | 58.1 | 58.4 | -0.423 | Low | -1.79 |
| 2026-03-04 | HSBC India Services PMI | 58.1 | 58.4 | -0.423 | Low | -1.79 |
| 2026-03-03 | HSBC India Services PMI | 58.1 | 58.4 | -0.423 | Low | -1.75 |
| 2026-03-20 | Infrastructure Output YoY | 2.3 | 4.4 | -0.278 | Low | -1.70 |
| 2026-04-28 | Industrial Production YoY | 4.1 | 3.7 | +0.053 | Medium | +1.60 |
| 2026-03-12 | Inflation Rate MoM | 0.11 | 0.3 | +0.296 | Low | +1.50 |
| 2026-04-13 | Inflation Rate MoM | 0.26 | 0.2 | -0.140 | Low | -1.49 |
| 2026-03-04 | HSBC Services PMI | 58.1 | 58.6 | -0.341 | Low | -1.44 |
| 2026-04-15 | WPI Manufacturing YoY | 3.39 | 3.2 | -0.118 | Low | -1.32 |
| 2026-03-02 | Industrial Production YoY | 4.8 | 6.5 | -0.129 | Medium | -1.04 |
| 2026-03-16 | Balance of Trade | -27.1 | -28.0 | +0.094 | Medium | +1.04 |
| 2026-03-04 | HSBC Composite PMI | 58.9 | 59.3 | -0.236 | Low | -1.00 |
| 2026-05-06 | S&P Global Composite PMI | 58.2 | 58.3 | -0.056 | Low | -1.00 |
| 2026-03-04 | Services PMI | 58.9 | 59.3 | -0.234 | Low | -0.99 |
| 2026-03-04 | Services PMI | 58.9 | 59.3 | -0.234 | Low | -0.99 |
| 2026-03-03 | Services PMI | 58.9 | 59.3 | -0.234 | Low | -0.97 |
| 2026-03-04 | S&P Global Composite PMI | 58.9 | 59.3 | -0.218 | Low | -0.92 |
| 2026-05-06 | S&P Global Services PMI | 58.2 | 58.3 | -0.050 | Low | -0.91 |
| 2026-04-28 | Manufacturing Production YoY | 4.3 | 5.6 | -0.030 | Medium | -0.89 |
| 2026-03-04 | S&P Global Services PMI | 58.9 | 59.3 | -0.198 | Low | -0.84 |
| 2026-04-15 | WPI Food Index YoY | 1.85 | 2.4 | +0.075 | Low | +0.84 |
| 2026-04-02 | S&P Global Manufacturing PMI | 53.9 | 53.8 | +0.088 | Low | +0.72 |
| 2026-04-15 | WPI Fuel YoY | 1.05 | 1.5 | +0.061 | Low | +0.68 |
| 2026-04-06 | HSBC Services PMI | 57.5 | 57.4 | +0.070 | Low | +0.63 |
| 2026-03-02 | Industrial Production YoY | 4.8 | 6.5 | -0.129 | Low | -0.52 |
| 2026-03-16 | Balance of Trade | -27.1 | -28.0 | +0.094 | Low | +0.52 |
| 2026-03-02 | Manufacturing PMI | 56.9 | 57.5 | -0.122 | Low | -0.49 |
| 2026-03-02 | Manufacturing PMI | 56.9 | 57.5 | -0.122 | Low | -0.49 |
| 2026-03-01 | Manufacturing PMI | 56.9 | 57.5 | -0.122 | Low | -0.48 |
| 2026-02-20 | Infrastructure Output YoY | 4.0 | 3.2 | +0.145 | Low | +0.46 |
| 2026-03-02 | Manufacturing Production YoY | 4.8 | 7.8 | -0.049 | Medium | -0.40 |
| 2026-03-16 | WPI Inflation YoY | 2.13 | 2.0 | -0.066 | Low | -0.37 |
| 2026-05-14 | WPI Food Index YoY | 2.31 | 2.2 | -0.016 | Low | -0.36 |
| 2026-03-16 | WPI Manufacturing YoY | 2.92 | 3.0 | +0.053 | Low | +0.30 |
| 2026-03-30 | Manufacturing Production YoY | 6.0 | 5.6 | +0.009 | Medium | +0.14 |
| 2026-03-16 | WPI Fuel YoY | -3.78 | -3.6 | +0.010 | Low | +0.06 |
| 2026-03-16 | WPI Food Index YoY | 1.85 | 1.9 | +0.009 | Low | +0.05 |
| 2026-02-27 | Government Budget Value | -9814.0 | -12500.0 | +0.011 | Low | +0.04 |
| 2026-03-30 | Government Budget Value | -12526.5 | -13100.0 | +0.002 | Low | +0.02 |
| 2026-03-31 | Government Budget Value | -12526.5 | -13100.0 | +0.002 | Low | +0.02 |
| 2026-02-20 | HSBC Manufacturing PMI | 57.5 | 57.5 | +0.000 | Medium | +0.00 |
| 2026-02-20 | HSBC Services PMI | 58.4 | 58.4 | +0.000 | Medium | +0.00 |
| 2026-02-20 | HSBC Composite PMI | 59.3 | 59.3 | +0.000 | Medium | +0.00 |
| 2026-03-02 | HSBC Manufacturing PMI | 56.9 | 56.9 | +0.000 | Low | +0.00 |
| 2026-04-08 | Cash Reserve Ratio | 3.0 | 3.0 | +0.000 | Low | +0.00 |
| 2026-04-08 | RBI Interest Rate Decision | 5.25 | 5.25 | +0.000 | Medium | +0.00 |
| 2026-04-08 | Interest Rate Decision | 5.25 | 5.25 | +0.000 | Medium | +0.00 |
| 2026-04-15 | Unemployment Rate | 5.1 | 5.1 | -0.000 | Low | -0.00 |