Share of Government Consumption at Current Purchasing Power Parities for India
CSHGCPINA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-31.35%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for India' measures the percentage of India's total consumption expenditure that is attributable to government spending. This metric is important for economists and policymakers to understand the role of the public sector in the Indian economy.
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 represents the share of total consumption in India that is accounted for by government expenditures, adjusted for differences in purchasing power across countries. It provides insight into the size and involvement of the public sector relative to the overall economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This trend is used by analysts and policymakers to assess the fiscal policy stance and the government's role in the Indian economy.
Key Facts
- India's government consumption share was 11.2% in 2021.
- This metric has remained relatively stable over the past decade.
- The share is lower than the global average of around 17%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total consumption expenditure in India that is attributable to government spending, 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 relative size and involvement of the public sector in the Indian economy, which is important for understanding fiscal policy and the government's role in consumption and economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess the fiscal policy stance and the government's role in the Indian economy, which can inform decisions about public spending, taxation, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for India (CSHGCPINA156NRUG), retrieved from FRED.