Economic Indicators (as on July 31, 2025)

Inflation in India (%)

Consumer Price Index plummets to 6-year low of to 2.1% in Jun’25 from 2.82% in May’25, primarily driven by cooling food inflation and positive base effect. Wholesale Price Index (WPI) decreased to -0.13% in Jun’25 from 0.39% in May’25 primarily attributed to a reduction in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum & natural gas, etc.

Index of Industrial Production (%)

Index of Industrial Production (IIP) growth pulled down to 10-month low by 1.5% in Jun’25 from 1.2% in May’25. The growth was primarily driven by a 3.9% rise in manufacturing output, while electricity generation and mining activity both contracted by 2.6%, and 8.7% respectively in Jun’25.

Indian Business Indicators - Purchasing Managers' Index (PMI)

S&P Global India Manufacturing Purchasing Managers’ Index (PMI) increases to 16-month high of 59.1 in Jul’25 from 58.4 in Jun’25, benefitting from strong growth in new orders and output. PMI Services decreased to 59.8 in Jun’25 from 60.4 in Jun’25 as output growth eased compared to the prior month. The reading remains in the expansion zone, as a score above 50 indicates expansion, while a score below 50 denotes contraction.

USD INR & Brent Crude Movement

Brent crude oil increased to US$ 72.53 on Jul’25 end from US$ 67.61 on Jun’25 due to raising concerns that rising geopolitical tensions could disrupt oil supplies from the crucial Middle East region. The Rupee closed the month on 87.6 against Greenback as on Jul’25.

Equity Markets - India & US

Bellwether indices, Nifty 50 and BSE Sensex moved down sharply during the month by 2.93% and 2.90% respectively due to signs of weakening earnings momentum among domestic companies in Q1FY26 and the U.S. President announcing a 25% tariff on Indian goods, effective Aug 1, 2025. Continuous selling by foreign portfolio investors added to the downward pressure on the markets, extending the losses. Foreign Institutional Investors (FIIs) net sellers in Indian equities to the tune of ₹17,740.5 crore. Gross Goods and Services Tax (GST) collectionsin Jul’25 stood at Rs. 1.96 trillion, representing a 7.5% rise on a yearly basis and this points towards the growing trajectory of the Indian economy. Dow Jones increased by 0.08% from previous month.

Interest Rate Movement (%) - India & US

“Yield on the 10-Year benchmark paper marginally increased, closing at 6.374% on Jul’25 vs 6.324% on Jun’25 as market participants moderated expectations of a near-term rate cut, following hawkish remarks from the RBI Governor. US 10 year G-Sec closed higher at 4.374 on Jul’25 vs 4.228 on Jun’25.”


Note : The data/statistics are given to explain general market trends, it should not be construed as any research report/research recommendation. The sector(s) mentioned are for the purpose of understanding only and the Fundmayormaynot have any future position in these sector(s).
Source: Bloomberg