Annual
BPFATT01ILA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15,154,000,000.00
Year-over-Year Change
735.39%
Date Range
1/1/1980 - 1/1/2014
Summary
The Annual trend measures the annual percentage change in total factor productivity for the manufacturing sector in India. This metric is crucial for understanding long-term economic growth and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Total factor productivity (TFP) is a measure of economic efficiency that accounts for changes in output not explained by changes in labor and capital inputs. The Annual trend provides insights into the technological and organizational progress driving manufacturing productivity in India.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts and labor statistics.
Historical Context
Policymakers and analysts use this metric to assess the broader health and competitiveness of the Indian manufacturing sector.
Key Facts
- India is the world's sixth-largest manufacturing economy.
- Manufacturing accounts for nearly 16% of India's GDP.
- Productivity growth is a key driver of India's economic development.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual percentage change in total factor productivity for the manufacturing sector in India.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the technological and organizational progress driving manufacturing productivity in India, which is a key indicator of the sector's long-term competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and labor statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader health and competitiveness of the Indian manufacturing sector, which is a crucial component of the country's economic development strategy.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve and may be subject to periodic delays or revisions based on the availability of source data.
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Citation
U.S. Federal Reserve, Annual (BPFATT01ILA637N), retrieved from FRED.