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India Macroeconomic Indices

1 Finance Macroeconomic Index

Index providing insights into India’s economic phases and growth outlook. The 1 Finance Macroeconomic Index determines the growth of the economy.

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Subindices

Comprehensive real-time indices tracking India’s economic trends and performance.

Services Sector Activity Index

Services Sector Activity Index

Tracks India’s services sector growth and employment trends.

Industrial Sector Performance Index

Industrial Sector Performance Index

Output and performance of industries involved in manufacturing, production, and related activities.

Agriculture Output Index

Agriculture Output Index

Monitors India’s agricultural production and growth.

Consumer Inflation Index

Consumer Inflation Index

Tracks and provides a timely insight into India’s CPI trends.

Equity Market Optimism Index

Equity Market Optimism Index

Gauge Indian equity market sentiments and investor confidence.

Global Economic Impact Index

Global Economic Impact Index

Assesses the impact of global influences on India.

Financial Sector Soundness Index

Financial Sector Soundness Index

Evaluates banking stability and financial health.

Interest Rate Outlook Index

Interest Rate Outlook Index

Monitors repo rate trends to understand economic phases and monetary policy stance.

Economic Indicators

Economic Indicators

A comprehensive snapshot of India’s key economic indicators, including sectoral performance, inflation, interest rates, equity market optimism, financial sector soundness and global impact metrics. This section offers contextual insights into the country’s economic health and trajectory, helping inform data-driven investment decisions.

India's Economic Dashboard

An overview of India's Economy

India's Economic Calendar

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High-Frequency Economic Indicators

An extensive collection of high-frequency economic indicators

Services Sector ActivityIndustrial Sector PerformanceAgriculture OutputConsumer InflationEquity Market OptimismFinancial Sector SoundnessGlobal Economic ImpactInterest Rate OutlookOther HFIsKey Economic Indicators
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1 Finance Macroeconomic Index

Subindices

Services Sector Activity IndexIndustrial Sector Performance IndexAgriculture Output IndexConsumer Inflation IndexEquity Market Optimism IndexGlobal Economic Impact IndexFinancial Sector Soundness IndexInterest Rate Outlook Index

Economic Indicators

India’s Economic DashboardEconomic CalendarNEWHigh-Frequency Economic Indicators
Global Market P/E

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Subindices

Agriculture Output Index

Agriculture Output Index

Agriculture Output Index

Current Phase

Strong Recovery

Index Value: 70.87

77% Success rate

Summary

A strong recovery phase is an acceleration in growth and productivity in the agricultural output, such as high crop yields, largely due to favourable weather conditions.

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Index value with YoY Growth in Agriculture GVA
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Index Value (LHS)

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Current Phase

Strong Recovery

Index Value: 70.87

77% Success rate

Summary

A strong recovery phase is an acceleration in growth and productivity in the agricultural output, such as high crop yields, largely due to favourable weather conditions.

Agriculture Output Index

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Showing: Index Value • Range: 10 Years

Index Value (LHS)

Last Updated: 30 Jun, 2026
Source:CMIE Economic Outlook, 1 Finance Research
Source: CMIE Economic Outlook, 1 Finance Research
Last Updated: 30 Jun, 2026
Source:CMIE Economic Outlook, 1 Finance Research
Source: CMIE Economic Outlook, 1 Finance Research

Overview

Recent Updates

  • The southwest monsoon remained significantly below normal during June 2026, with cumulative nationwide rainfall recording a 43% deficit by the end of the month. Delayed monsoon onset and strengthening El Niño conditions increased downside risks to the kharif cropping season.
  • Kharif sowing reached 18.27 million hectares by the end of June, down 22.7% from a year earlier, as below-normal rainfall delayed the planting of rice, pulses, cotton, and oilseeds across several rain-fed agricultural regions.
  • Food inflation accelerated to 5.32% in June 2026 from 4.78% in May, driven by weather-related supply disruptions and higher prices of vegetables, spices, and other perishables, reinforcing concerns over agricultural output and food prices.
  • To support farm incomes and strengthen food security, the government increased Minimum Support Prices (MSPs) for the 2026–27 kharif marketing season while expanding contingency measures in drought-affected districts. However, the agricultural outlook remains closely tied to the progress of the monsoon over the remainder of the season.

Near-term Outlook

  • Agricultural performance will remain highly dependent on the progress and distribution of the southwest monsoon during the remainder of the kharif season.
  • Food inflation is likely to remain in the 5–6% range in the near term if weather-related supply disruptions persist, particularly for vegetables, pulses, and oilseeds.
  • Improvement in rainfall during July and August could support recovery in kharif sowing, although crop output will continue to be monitored closely.
  • Government measures, including higher MSPs, crop insurance, and contingency support, are expected to cushion farm incomes and support agricultural resilience.

Description

What is the Agriculture Output Index?

Agriculture Output Index reflects India’s agriculture production trends, based on monsoon pattern, reservoir levels and progress in sowing during these crop cycles. The index captures the seasonal variations impacting production trends and their impact on food prices and rural demand. The index provides a timely insight into the performance of agriculture activities in India by indicating the near to medium term growth prospects in agriculture production, which is vital for forecasting food inflation, and demand trends in the rural economy.

What are its components?

The index covers both demand and supply side factors. We have assigned appropriate weights to each of these indicators, considering their respective contributions and also their impact on the sector.

The High Frequency Indicators (HFIs) include:

Annual Rainfall (% of LPA)

Consumer Price Index (CPI) Inflation - Food

Consumer Price Index (CPI) Inflation - Food Rural

Consumer Price Index (CPI) Inflation- Miscellaneous Rural

Domestic Tractor Sales

Exports - Agricultural & Allied Products

Fertiliser Sales

Foodgrain Stocks

Usability

How to use the Agriculture Output index for better financial decision-making?

The agriculture sector, as a cornerstone of India's economy, offers vital insights on the overall economic growth prospects and food security and inflation. By understanding the intricate relationship between agricultural trends and market dynamics, investors can better position their portfolios to capitalise on emerging opportunities and mitigate risks associated with this vital sector of the Indian economy.

Insights

Performance Analysis of Sub-sectors: Monitoring rainfall patterns and reservoir levels provides insights into crop yields and production, potentially impacting commodity markets and related investments. This can guide investment decisions in agro-based industries and agri-commodities trading. These indices also reveal potential inflation trends in the economy and can signal changes in consumer spending power.

Rural Demand Forecasting: Indicators like fertiliser sales and tractor sales shed light on consumer demand in the rural economy and spending capacity, which can influence investments in FMCG and agri-business sectors.

Employment in the Agriculture Sector: A normal monsoon, for instance, can lead to expectations of higher agricultural output. This can stimulate growth in ancillary services like transportation, warehousing, and marketing, further expanding the rural job market.

Policy Changes and Agri Reforms Impact: Agricultural policy reforms can have wide-ranging impacts on personal finance decisions, affecting everything from commodity prices and inflation to investments in agri-businesses and the broader rural economy.

Historical Events

Apr

2025

Rise of Protectionism around the World: US and EU Elections

The EU and the US are India’s largest trading partners and a key source of FDI and Exports. Donald Trump’s victory in the 2024 elections and his subsequent announcement of reciprocal tariffs on trading partners reignited the concerns around protectionist policies as a means. European Parliament (EP) is the EU’s directly elected legislative body, with 720 members (MEPs) representing 27 member states. Elections occur every five years.

May

2020

Agricultural Infrastructure Fund

The Agricultural Infrastructure Fund (AIF) was launched May 15, 2020 against the backdrop of the COVID-19 pandemic. This significant initiative by the Indian government was a part of the broader Atmanirbhar Bharat (self-reliant India) package. This fund was established to provide financial support for building and upgrading modern infrastructure in the agricultural sector.

Apr

2020

Locust Attack

In April 2020, India faced one of the worst locust attacks in decades. This large-scale infestation by desert locusts, a species of short-horned grasshoppers known for their destructive feeding, affected several states across the country. Favourable rain-bearing winds aided their transport towards India.

Mar

2020

COVID-19 Pandemic and Lockdown

The COVID-19 pandemic, a global health crisis caused by the novel coronavirus, began affecting India significantly from March 2020. Characterised by widespread infections, lockdowns, and public health emergencies, the pandemic has had profound implications on the Indian economy and society. According to the Ministry of Health and Family Welfare (MoHFW), COVID-19 caused 5,33,318 deaths as of December 19, 2023.

Jul

2017

Implementation of GST

On July 1, 2017, India underwent a major tax reform with the implementation of the Goods and Services Tax (GST), marking a significant milestone in the country's taxation history. GST was introduced as a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India, replacing multiple cascading taxes levied by the central and state governments.