As the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) prepares to conclude its 3-day meeting, market participants are tracking a range of macroeconomic indicators that provide a snapshot of the economy's performance.
Recent data on tax collections, government spending, consumption, industrial activity, inflation, and the external sector offer insights into the economic landscape ahead of the RBI's policy announcement.
Recent fiscal data reflects trends in revenue collections and government expenditure.
Gross GST collections for May 2026 stood at ₹1.94 lakh crore, compared to ₹1.88 lakh crore in May 2025.
Income tax collections for April 2026 were recorded at ₹1.17 lakh crore, unchanged from ₹1.17 lakh crore in April 2025.
On the expenditure front, government capital expenditure (capex) reached ₹1.89 lakh crore in April 2026, compared to ₹1.59 lakh crore in April 2025.
Meanwhile, total government expenditure stood at ₹5.75 lakh crore in April 2026, up from ₹4.66 lakh crore during the corresponding period last year.
Consumption-related indicators showed activity across key sectors.
In the automobile segment, 2-wheeler sales were recorded at 19,16,258 units, compared to 16,95,638 units in the previous year.
Similarly, private vehicle sales increased to 4,07,355 units from 3,63,028 units during the corresponding period.
In aviation, domestic passenger traffic stood at 13.8 million passengers in April 2026, compared to 14.3 million passengers in April 2025.
Industrial production data reflected the pace of manufacturing and economic activity.
The Index of Industrial Production (IIP) growth rate was recorded at 4.9% in April 2026, compared to 5.7% in April 2025.
Inflation remains one of the key indicators monitored by policymakers.
Consumer Price Index (CPI) inflation stood at 3.48% in April 2026, compared to 3.40% in March 2026.
Wholesale Price Index (WPI) inflation was recorded at 3.86% in April 2026, compared to 1.52% in March 2026.
The external sector data provides information on trade and currency-related metrics.
India's Current Account Deficit (CAD) stood at 1.3% of GDP in Q3 FY26, compared to 1.1% of GDP in Q3 FY25.
Meanwhile, the Indian Rupee was quoted at 95.71 against the US Dollar on June 4, 2026, compared to 85.90 on June 4, 2025.
Ahead of the RBI MPC meeting, the latest macroeconomic data provides an overview of trends across fiscal indicators, consumption, industrial activity, inflation, and the external sector. These indicators offer a snapshot of the economy's performance as market participants await the central bank's policy decision.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 4, 2026, 4:52 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
