1 February – Chief Judicial Magistrate of Bhopal Court declares Warren Anderson, ex-CEO of Union Carbide, a fugitive under Indian law for failing to appear in the Bhopal disaster case, and orders the Indian government to press for an extradition from the United States.
23 April – Scam of Harshad Mehta was exposed by journalist Sucheta Dalal, which consisted of SBI 500 Crore Scam and illegal usage of loophole in banking system.
May – Over 200 people die in Cuttack in Odisha, after drinking illegally brewed liquor. About 600 people were hospitalised (see: 1992 Odisha liquor deaths).
14 August – Veerappan Gang Trapped and killed Mysore District SP, T.Harikrishna, SI Shakeel Ahmed and four constables named Benegonda, C.M.Kalappa, Sundara and M.P.Appachu, through a false informant near Meenyam in Karnataka
6 December – Members of the Vishva Hindu Parishad (VHP, World Hindu Council) tear down a 16th-century mosque located in Ayodhya, in Northern India. The mosque is built over a shrine which exhorted the small piece of land as Ram Janmabhoomi – the birthplace of Lord Rama. This sparks off nationwide communal riots in which some 3,000 people die.
Indian Rupee exchange rate collapsed. It was 20 Rs to 1 dollar in January 1992 and it became 30 Rs to 1 dollar in December 1992. A huge 50% depreciation in value.[7]
^Bhardwaj, R. C. (1994). Legislation by Members in the Indian Parliament. Allied Publishers. p. 189. ISBN 978-81-7023-409-8.
^Khullar, D. R. Geography Textbook. New Saraswati House India Pvt Ltd. p. 188. ISBN 978-93-5041-243-5.
^Bhattacharyya, Rituparna (29 July 2022). Northeast India Through the Ages: A Transdisciplinary Perspective on Prehistory, History, and Oral History. Taylor & Francis. p. 209. ISBN 978-1-000-62390-1.
^Coleman, Daniel; Glanville, Erin Goheen; Hasan, Wafaa; Kramer-Hamstra, Agnes (26 April 2012). Countering Displacements: The Creativity and Resilience of Indigenous and Refugee-ed Peoples. University of Alberta. p. 131. ISBN 978-0-88864-592-0.
^"2 lakh cusecs released into Thamirabharani". The Hindu. 9 December 2015. ISSN 0971-751X. Retrieved 17 December 2023.
^"Interactive graph: Indian rupee vs US dollar since 1990". Ibnlive.in.com. 24 May 2012. Archived from the original on 2 February 2012. Retrieved 31 July 2013.
^"Navdeep Saini". Cricinfo. Retrieved 26 September 2020.