A running account of the Indian economy, built from what its people pay, buy, borrow, invest and send abroad.
Payments
UPI processed 23.66 billion transactions in July 2026
₹29.88 trillion ($313 billion) in value moved · ₹1,263 average transaction · 741 banks live
Source: National Payments Corporation of India, India Dispatch Research
Cards
122.86 million credit cards were in circulation in July 2026
₹2.08 trillion ($21.8 billion) in credit-card payments during the month
Source: Reserve Bank of India, India Dispatch Research
The RBI week
Released 21 August 2026. Banking data to 31 July, reserves to 14 August.
Notes in circulation₹42.48 trillion$445 billion+12.2% year on year
14 August 2026
Foreign exchange reserves$717 billion+3.1% year on year
14 August 2026
Bank deposits₹269.41 trillion$2.82 trillion+15.4% year on year
31 July 2026
Bank credit₹220.78 trillion$2.31 trillion+19.3% year on year
31 July 2026
Source: Reserve Bank of India, India Dispatch Research
Prices
Consumer-price inflation was 4.45% in July 2026
Food inflation was 5.52%
Source: Ministry of Statistics and Programme Implementation, India Dispatch Research
Confidence
Rural consumer confidence stood at 91.7 index points, against 88.3 in urban India in July 2026
Both readings are current-situation indices from RBI household surveys
Source: Reserve Bank of India, India Dispatch Research
Trade
India’s merchandise imports from China were 8 times its exports by value in 2025–26
$113 billion of imports against $14.3 billion of exports
Imports$113 billion
2025–26
Source: Department of Commerce, India Dispatch Research
Public finance
Central-government capital spending grew 4.1 times from 2017–18 to 2025–26
₹2.64 trillion to ₹10.69 trillion
Source: Controller General of Accounts, India Dispatch Research
World
Software exports reached $205 billion in 2024–25
Exports of computer services and information-technology-enabled services
Source: Reserve Bank of India, India Dispatch Research
Indicator ledger
| Indicator | Latest | Change |
|---|---|---|
| UPI transactionsJuly 2026 | 23.66 billion | +4.1% month on month |
| Consumer-price inflationJuly 2026 | 4.45% | +0.07 points month on month |
| White-collar hiring indexJuly 2026 | 3,227 points | +5% year on year |
| SIP stoppagesJun 26 | 91.2 per 100 registrations | −4.3 points month on month |
| Notes in circulation14 August 2026 | ₹42.48 trillion | +12.2% year on year |
| Foreign exchange reserves14 August 2026 | $717 billion | +3.1% year on year |
| Bank deposits31 July 2026 | ₹269.41 trillion | +15.4% year on year |
| Bank credit31 July 2026 | ₹220.78 trillion | +19.3% year on year |
Source: National Payments Corporation of India, Reserve Bank of India, Ministry of Statistics and Programme Implementation, Info Edge, Association of Mutual Funds in India, India Dispatch Research