Key information about India Producer Price Index Growth

• India Producer Price Index (PPI) grew 2.4 % YoY in Dec 2024, compared with a growth of 1.9 % YoY in the previous month.
• India Producer Price Index data is updated monthly, available from Apr 1995 to Dec 2024, with an average change of 4.8 % YoY.
• The data reached an all-time high of 16.6 % YoY in May 2022 and a record low of -6.1 % YoY in Aug 2015.

CEIC calculates Producer Price Index Growth from monthly Wholesale Price Index. The Ministry of Commerce and Industry provides Wholesale Price Index with base 2011-2012=100. Producer Price Index Growth prior to April 2013 is calculated from Wholesale Price Index with base 2004-2005=100 and prior to April 2005 from Wholesale Price Index with base 1993-1994=100.

Producer Prices in India decreased to 153.80 points in June from 154.10 points in May of 2025. This dataset provides the latest reported value for - India Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Price Inflation MoM in India decreased by 0.06 percent in May from -0.19 percent in April of 2025. This dataset includes a chart with historical data for India Producer Price Inflation Mom.

The volume of PPI payments in India in fiscal year 2024 accounted for approximately *************. This was an increase from the previous fiscal year. Prepaid payment instruments included m-wallets, PPI cards and paper vouchers. The digital payment market had seen significant growth in recent years, specifically in India, due to the government's efforts to digitize the economy.

In November 2024, the producer price index (PPI) in the United States was the highest in the four countries/areas under consideration. That month, its index score stood at above 146, compared to roughly 127 in the Euro Area, which was the second highest in the four areas. Contrarily, China is struggling with a decreasing PPI. The producer price index (PPI) measures the average change over time in the selling prices received by domestic producers for their output.

India IN: Wholesale Price Index data was reported at 128.014 2010=100 in May 2018. This records an increase from the previous number of 126.819 2010=100 for Apr 2018. India IN: Wholesale Price Index data is updated monthly, averaging 22.807 2010=100 from Jan 1957 (Median) to May 2018, with 737 observations. The data reached an all-time high of 128.014 2010=100 in May 2018 and a record low of 2.614 2010=100 in Feb 1958. India IN: Wholesale Price Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Consumer and Producer Price Index.

Producer Prices in India decreased 0.13 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Wholesale Price Index Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

India IN: Consumer Price Index (CPI): % Change over Previous Period data was reported at 0.440 % in Apr 2018. This records an increase from the previous number of 0.073 % for Mar 2018. India IN: Consumer Price Index (CPI): % Change over Previous Period data is updated monthly, averaging 0.608 % from Feb 1957 (Median) to Apr 2018, with 735 observations. The data reached an all-time high of 4.575 % in Jul 2009 and a record low of -4.120 % in Jan 1989. India IN: Consumer Price Index (CPI): % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Consumer and Producer Price Index.

The value of PPI payments in India during the fiscal year 2019 accounted for two trillion Indian rupees. The m-Wallet was the most popular form of PPI with over *** trillion Indian rupees worth of transactions in fiscal year 2019. The Indian digital payments market was estimated to reach the *** trillion U.S. dollar mark by the year 2023.

India IN: Consumer Price Index (CPI): % Change over Previous Period data was reported at 3.328 % in 2017. This records a decrease from the previous number of 4.948 % for 2016. India IN: Consumer Price Index (CPI): % Change over Previous Period data is updated yearly, averaging 6.362 % from Dec 1951 (Median) to 2017, with 67 observations. The data reached an all-time high of 28.602 % in 1974 and a record low of -7.634 % in 1976. India IN: Consumer Price Index (CPI): % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Consumer and Producer Price Index: Annual.

India IN: Wholesale Price Index: % Change data was reported at 3.393 % in 2017. This records an increase from the previous number of -0.053 % for 2016. India IN: Wholesale Price Index: % Change data is updated yearly, averaging 5.920 % from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 28.573 % in 1974 and a record low of -11.984 % in 1952. India IN: Wholesale Price Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Consumer and Producer Price Index: Annual.

Consumer Price Index CPI in India increased to 194.20 points in June from 193 points in May of 2025. This dataset provides - India Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Prepaid Payment Instruments' payments in India during the fiscal year 2021 was valued at almost two trillion Indian rupees. This was a significant increase from approximately ** billion rupees in fiscal year 2014. The Indian digital payments market was estimated to reach the *** trillion U.S. dollar mark by the year 2023.

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Proton Pump Inhibitors (PPIs) Market Size 2025-2029

The proton pump inhibitors market size is forecast to increase by USD 819.5 million, at a CAGR of 4.7% between 2024 and 2029.

The market is characterized by significant growth drivers and trends, as well as notable challenges. The expanding geriatric population is a key growth driver, as this demographic is more susceptible to gastroesophageal reflux disease and other conditions requiring long-term PPI therapy. Additionally, the increasing prevalence of gastric ulcers and other gastrointestinal disorders contributes to market expansion. However, the market faces challenges, including the rising number of lawsuits against PPIs due to potential side effects, such as kidney damage and increased risk of heart attacks. These lawsuits may lead to increased regulatory scrutiny and potential restrictions on PPI use, posing a significant threat to market growth.
Companies operating in the PPI market must navigate these challenges by investing in research and development of safer alternatives, as well as implementing robust regulatory compliance strategies. By capitalizing on the growing demand for effective gastrointestinal treatments while addressing regulatory and legal hurdles, market participants can successfully capitalize on the opportunities and challenges presented in the PPI market.

What will be the Size of the Proton Pump Inhibitors (PPIs) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Proton pump inhibitors (PPIs) continue to play a significant role in the gastrointestinal therapeutics market due to their efficacy in treating various conditions, including peptic ulcer disease, gastroesophageal reflux disease (GERD), and Zollinger-Ellison syndrome. The market dynamics for PPIs are continually evolving, with ongoing research and development efforts focusing on addressing unmet needs and improving patient outcomes. In the realm of disease management, PPIs are increasingly being used in the context of smoking cessation and alcohol reduction to mitigate the negative effects of these habits on the gastrointestinal tract. Furthermore, the role of PPIs in managing conditions such as c difficile infection, elevated intra-abdominal pressure, and chronic kidney disease is a growing area of interest.

Brand-name PPIs dominate the market, but the introduction of generic alternatives and over-the-counter (OTC) medications has increased competition and driven down costs. Health technology assessment and cost-effectiveness analysis are crucial factors influencing market dynamics, with healthcare providers and primary care physicians seeking to optimize treatment algorithms and improve patient satisfaction. Clinical trials and treatment guidelines continue to shape the market, with a focus on addressing adverse events, drug interactions, and disease resistance. Patient education and lifestyle modifications, such as dietary changes and weight management, are essential components of effective PPI therapy. Quality of life and safety and efficacy remain key considerations in the PPI market, with ongoing efforts to improve patient adherence and address healthcare costs.

Healthcare providers and medical guidelines emphasize the importance of proper diagnosis and individualized treatment plans to ensure optimal outcomes for patients. The ongoing evolution of the PPI market is driven by a complex interplay of factors, including patient needs, healthcare costs, regulatory requirements, and technological advancements. The landscape is continually unfolding, with new developments and trends shaping the future of this dynamic market.

How is this Proton Pump Inhibitors (PPIs) Industry segmented?

The proton pump inhibitors (ppis) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  OTC PPIs
  Prescription PPIs


Route Of Administration

  Oral
  Injectable


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

.

By Product Insights

The otc ppis segment is estimated to witness significant growth during the forecast period.

The market encompasses both prescription medications and over-the-counter (OTC) drugs, with the latter category gaining significant traction due to ease of access and affordability. OTC PPIs, such as PREVACID, NEXIUM, PRILOSEC, and Zegerid, are commonly used for treating frequent heartburn by decreasing stomach acid secretion. The US Food and Drug Administration (FDA

The volume of PPI payments in India during the fiscal year 2019 amounted to over *** billion. m-Wallets were the most popular form of PPI with over four billion transactions. m-Wallets increased PPI volumes significantly, followed by PPI cards in the measured time period.

India IN: Consumer Price Index (CPI): % Change over Previous Period data was reported at -0.268 % in Mar 2018. This records a decrease from the previous number of 1.507 % for Dec 2017. India IN: Consumer Price Index (CPI): % Change over Previous Period data is updated quarterly, averaging 1.931 % from Jun 1957 (Median) to Mar 2018, with 244 observations. The data reached an all-time high of 10.023 % in Sep 1974 and a record low of -6.724 % in Mar 1976. India IN: Consumer Price Index (CPI): % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Consumer and Producer Price Index: Quarterly.

In financial year 2024, over 228 billion Indian rupees was generated through Prepaid payment instruments (PPI) across India. The revenue was estimated to increase to nearly 500 billion Indian rupees in financial year 2029. Issuance and loading fee, float income, breakage, forex arbitrage and mark-up, interchange income and transaction charges were the source of revenue of PPIs.

In financial year 2021, there were over *** billion transactions through Prepaid payment instruments across India. Gift cards, foreign exchange cards, meal reimbursement, reloadable cards and mobile wallets are some of the types of PPIs in the country.

India Prepaid Payment Instruments: Value: PPI Cards data was reported at 47,960.327 INR mn in Jan 2025. This records an increase from the previous number of 45,555.337 INR mn for Dec 2024. India Prepaid Payment Instruments: Value: PPI Cards data is updated monthly, averaging 25,987.429 INR mn from Apr 2012 (Median) to Jan 2025, with 154 observations. The data reached an all-time high of 78,086.197 INR mn in Apr 2021 and a record low of 1,877.371 INR mn in Feb 2013. India Prepaid Payment Instruments: Value: PPI Cards data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAI015: Prepaid Payment Instruments.

Pre Production Inspection (PPI) Market Outlook

The global pre-production inspection (PPI) market size was valued at USD 1.2 billion in 2023 and is projected to reach USD 2.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period. This growth can be attributed to the increasing emphasis on quality control and risk mitigation in manufacturing processes worldwide. As globalization intensifies, companies are more focused than ever on maintaining high standards to meet international quality requirements and customer expectations, driving the demand for PPI services.

One of the primary growth factors in this market is the rising complexity of supply chains. As companies source components and raw materials from various parts of the world, the need for stringent quality checks has become paramount. PPI services play a crucial role in identifying potential issues early in the production cycle, thereby reducing the risk of defects and non-compliance. The rapid technological advancements in manufacturing, such as automation and IoT, have also contributed to the complexity of production processes, further necessitating the adoption of pre-production inspections.

Another significant factor driving market growth is the increasing consumer awareness regarding product quality and safety. With the advent of social media and digital platforms, consumers today are more informed and vocal about product quality. Any lapse in quality can result in brand reputation damage and financial losses. Consequently, manufacturers are investing more in PPI services to ensure that their products meet the highest quality standards before they reach the market. This trend is particularly noticeable in industries like consumer electronics, automotive, and consumer goods, where product recalls can be particularly costly.

The stringent regulatory landscape is also a key driver for the PPI market. Government regulations across various sectors mandate rigorous quality checks and compliance with safety standards. For instance, the automotive and electronics industries are subject to strict regulatory requirements that necessitate comprehensive inspection and testing of products. Failure to comply with these regulations can result in hefty fines and legal actions, further emphasizing the need for pre-production inspections. Additionally, international trade agreements often include clauses related to product quality and safety, making PPI essential for companies looking to expand globally.

From a regional perspective, Asia Pacific is expected to dominate the PPI market due to the region's significant manufacturing base. Countries like China, India, and Vietnam are major hubs for manufacturing and export, contributing to the high demand for PPI services. North America and Europe are also significant markets, driven by advanced manufacturing practices and stringent quality standards. The Middle East & Africa and Latin America are emerging markets with growing industrial activities, presenting new opportunities for market players.

Service Type Analysis

In the pre-production inspection market, the service type segment is diversified into Initial Production Check, During Production Inspection, Final Random Inspection, and Others. Initial Production Check involves the inspection of raw materials and components at the very beginning of the production process. This service type is crucial for identifying potential issues early and ensuring that the materials meet the required specifications. The increasing complexity of supply chains and the need for early risk identification are driving the growth of this segment.

During Production Inspection, on the other hand, takes place at various stages throughout the manufacturing process. This type of inspection is essential for monitoring quality in real-time and making necessary adjustments to the production process. It helps in minimizing defects and ensuring that the final product meets the expected quality standards. The demand for During Production Inspection is particularly high in industries like electronics and automotive, where precision and accuracy are critical.

Final Random Inspection is conducted on finished products before they are shipped to customers. This type of inspection involves a thorough examination of a randomly selected sample from the production batch. It ensures that the final products are free from defects and meet the quality criteria. Given its importance in the final quality assurance process, this segment is expected to see substantial growth, pa