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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia M3 Money Supply YoY climbed to 10.7% in July 2024
FMPMonthlyReleased July 2024
India M3 Money Supply YoY climbed to 10.7% in July 2024, up 1.0% from June's 9.7% reading. The print exceeded the 9.5% consensus by 1.2%. Over the past 3 months, M3 Money Supply YoY averaged 10.73%, vs 11.18% in the prior 3-month window. The reading is in the 32nd percentile of the trailing 24-month range.
Latest Release
10.7
Actual
9.5
Consensus
9.7
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Jul 2024
Predicted: 9.47
Actual: 10.7
Error: -1.23
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
M3 Money Supply YoY (India) was reported at 14.2% in August 2026. The reading fell from the previous value of 14.7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 11.07%, ranging from 9.2% to 14.7% across 19 releases.
WHY IT MATTERS
The trailing three releases averaged 13.8%, up from the prior three at 11.97%. Volatility over the past year (σ 1.63%) is higher than the prior year (σ 0.54%). In August readings over the past 3 years, M3 Money Supply YoY has averaged 11.4%.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 0.39%.
WHAT TO WATCH NEXT
The next release is scheduled for September 16, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 15) and HSBC Manufacturing PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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M3 Money Supply YoY - IN
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About M3 Money Supply YoY — India
DEFINITION
M3 Money Supply YoY is a financial indicator that measures the annual change in the total amount of money in circulation within an economy. It includes all forms of money, such as cash, deposits, and other liquid assets. This indicator is used by economists and policymakers to assess the overall health and stability of a country's monetary system and to make informed decisions regarding monetary policy. A positive YoY change in M3 Money Supply indicates an increase in liquidity and potential for economic growth, while a negative change may signal potential inflationary pressures.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 14.2 %. Prior reading (Aug 2026): 14.7 %. Before that (Aug 2026): 14.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | IN | WPI Manufacturing YoY | 8.37 | 8.29 | 8.5 | 9.11 | Low |
| 06:30 | IN | WPI Inflation YoY | 9.92 | 9.78 | 9.89 | 10.04 | Low |
| 06:30 | IN | WPI Food Index YoY | 7.05 | 6.65 | 6.7 | 7.38 | Low |
| 06:30 | IN | WPI Fuel YoY | 22.93 | 20.05 | 15 | 18.31 | Low |
| 10:30 | IN | Inflation Rate MoM | 0.73 | 0.88 | 0.6 | 0.67 | Low |
| 10:30 | IN | Inflation Rate YoY | 4.82 | 4.44 | 4.8 | 4.81 | Medium |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | IN | Balance of Trade | -31.98 | -33 | -33.61 | Medium | |
| 10:30 | IN | Unemployment Rate | 5.1 | 5.2 | 5.30 | Low | |