Total Factor Productivity Level at Current Purchasing Power Parities for India
CTFPPPINA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
9.02%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures India's total factor productivity (TFP) level at current purchasing power parities. TFP is a key indicator of an economy's technological progress and efficiency, which is crucial for long-term economic growth.
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 an economy's technological progress and efficiency in utilizing labor and capital. This series provides the TFP level for India, which is an important metric for understanding the drivers of the country's economic growth and development.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
Policymakers and economists closely monitor TFP trends to assess an economy's competitiveness and long-term growth potential.
Key Facts
- India's TFP level was 0.69 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Improving TFP is a priority for India's policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures India's total factor productivity (TFP) level at current purchasing power parities. TFP is a measure of an economy's technological progress and efficiency in utilizing labor and capital.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of an economy's long-term growth potential. Monitoring India's TFP trends helps policymakers and economists assess the country's competitiveness and the drivers of its economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor TFP trends to evaluate an economy's competitiveness and long-term growth prospects, which informs policy decisions aimed at promoting productivity and economic development.
Q: Are there update delays or limitations?
A: The data is subject to potential revisions and may have update delays due to the time required for data collection and analysis.
Related Trends
Total Factor Productivity Level at Current Purchasing Power Parities for Estonia
CTFPPPEEA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Barbados
CGDPESBBA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Antigua and Barbuda
CGDPESAGA666NRUG
Capital stock at Current Purchasing Power Parities for Canada
CKSPPPCAA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Dominican Republic
CGDPOSDOA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Lithuania
CTFPPPLTA669NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for India (CTFPPPINA669NRUG), retrieved from FRED.