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Goldman Sachs

June 21, 2026

India Monthly Activity Chartbook

Monthly UpdateEquitiesRates CreditMacro Economic IndicatorsEnergyMaterials

The report highlights a moderation in Indian consumption activity in May following recent fuel price hikes. Investment indicators remain mixed, with specific sectors showing supply-side recovery alongside persistent consumption risks.

Key Takeaways

  • 1.Consumption activity moderated in May following fuel price hikes.
  • 2.Investment activity remains mixed with declining bitumen consumption but improving steel production.
  • 3.The pace of FII equity outflows has slowed, while debt securities saw inflows after tax exemptions.

Table of Contents

  • Consumption: Moderation in activity
  • Investment: Mixed signals in activity
  • Flows: The pace of equity outflows has reduced, while debt securities saw inflows
  • Summary of monthly high-frequency activity indicators
  • Labour market indicators
  • External, and other high frequency indicators

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