Economic Indicators (as on September 30, 2025)

Inflation in India (%)

Consumer Price Index rises to 2.07% in Aug’25 from 1.55% in Jul’25, primarily driven by higher prices for vegetables, meat and oils. Wholesale Price Index (WPI) increased to 0.52% in Aug’25 from -0.58% in Jul’25 as prices of food articles and manufactured items inched up.

Index of Industrial Production (%)

Index of Industrial Production (IIP) moved to 4% in Aug’25 from 4.3% in Jul’25. The growth was recorded on the back of a rise in production in mining, manufacturing, and electricity. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of August 2025 are 6.0%, 3.8% and 4.1%, respectively.

Indian Business Indicators - Purchasing Managers' Index (PMI)

S&P Global India Manufacturing Purchasing Managers' Index (PMI) decreases to 57.7 in Sep’25 from 59.3 in Aug’25, still indicating strong growth. While the pace of new orders, production, and purchasing activity slowed to a four-month low, the sector continued to benefit from robust demand. Export orders showed an uptick, and business confidence strengthened to a seven-month high, partly due to anticipation of GST rate changes. PMI Services eases to 60.9 in Sep’25 from 62.9 in Aug’25 amid weak international demand. 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 decreased to US$ 67.02 on Sep'25 end from US$ 68.12 on Aug'25 after data showed an increase in U.S. fuel inventories. The Rupee closed the month on 88.7888 against Greenback as on Sep'25.

Equity Markets - India & US

Bellwether indices, Nifty 50 and BSE Sensex increased slightly during the month by 0.75% and 0.57% respectively supported by optimism over GST reforms. Sentiment improved following the resumption of trade negotiations between India and the U.S. The visit of the U.S. Trade Representative for South Asia to New Delhi to discuss a potential deal boosted optimism. Gains were extended after the U.S. Fed delivered its first rate cut of the year. Foreign Institutional Investors (FIIs) net sellers in Indian equities to the tune of ₹ 23884.60 crore. Gross Goods and Services Tax (GST) collections in Sep’25 stood at Rs. 1.89 trillion, representing a 9.1% rise on a yearly basis and this points towards the growing trajectory of the Indian economy. Dow Jones increased by 1.87% from previous month.

Interest Rate Movement (%) - India & US

Yield on the 10-Year benchmark paper marginally increased, closing at 6.577% on Aug'25 vs 6.568% on Aug'25 as after announcement of sweeping changes to the Goods and Services Tax (GST) regime and market apprehensions that the central government may increase the supply of sovereign securities during the second half of the fiscal year. US 10 year G-Sec closed lower at 4.1503 on Sep’25 vs 4.2284 on Aug’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