Share of Household Consumption at Current Purchasing Power Parities for India
CSHCCPINA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
14.37%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for India' measures the proportion of total household consumption expenditure in India relative to global household consumption, adjusted for price differences across countries.
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
This economic indicator provides insight into the spending power and consumption patterns of Indian households compared to the global average. It is a key metric for analyzing India's economic development and standard of living relative to other countries.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to adjust for price level differences across countries.
Historical Context
Policymakers and analysts use this trend to evaluate India's economic progress and relative competitiveness.
Key Facts
- India's share of global household consumption was 7.8% in 2020.
- Household consumption makes up about 60% of India's GDP.
- India's consumption share has grown from 5.1% in 2000 to 7.8% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total global household consumption expenditure that is attributable to Indian households, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic standing and consumer spending power of Indian households relative to the global average, which is useful for evaluating India's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to adjust household consumption across countries for differences in price levels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess India's economic progress, household living standards, and competitiveness compared to other major economies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of about two years, so the most recent data point may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for India (CSHCCPINA156NRUG), retrieved from FRED.