India’s economic momentum remained steady in December 2025, according to the newly launched Moneycontrol Eco Pulse Index, a high-frequency monthly indicator designed to track real-time economic activity. The index stood at 53.4 in December, signaling stronger-than-average conditions, as readings above 50 indicate expansion compared with the previous month.

Several high-frequency indicators supported the positive momentum. GST collections improved to 1.3 percent growth in December, up from 0.7 percent in November. Electricity demand returned to positive growth after contracting for two consecutive months, pointing to improving industrial activity. On the consumption front, four-wheeler sales and non-food credit growth picked up, while two-wheeler sales, often seen as a proxy for rural demand, also rose during the month.

However, the recovery remained uneven. Growth moderated in certain consumption indicators such as UPI transaction volumes and Aviation Turbine Fuel (ATF) consumption, which reflects air travel and cargo movement, indicating some softness in discretionary spending and mobility-related sectors.

The Moneycontrol Eco Pulse Index tracks more than 30 high-frequency indicators across industrial activity, consumption, transport, business confidence, and employment, providing a monthly snapshot of economic conditions. Built on a dynamic statistical framework aligned with international best practices, the index filters out short-term noise to extract the underlying economic signal. A customized Economy Heat Map further highlights month-on-month changes and helps identify early turning points in growth trends.

The methodology has been vetted by a panel of eminent economists, including Laveesh Bhandari, Shubhashis Gangopadhyay, DK Srivastava, and Amitendu Palit. Updated in real time, the Eco Pulse aims to bridge the gap between official data releases and fast-moving economic activity, offering policymakers, investors, businesses, and students a timely, data-driven view of India’s growth trajectory.