Balance of Payments: Services: Revenue for India
INDB6CRSE03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.06
Year-over-Year Change
27.95%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'Balance of Payments: Services: Revenue for India' metric tracks the revenue generated by India's services exports, providing insight into the country's international trade in services.
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 measures the total revenue earned by India through the export of services to other countries. It is a key component of India's overall balance of payments and helps economists and policymakers assess the country's international competitiveness in the services sector.
Methodology
The data is collected by India's Ministry of Commerce and Industry through surveys of Indian service providers.
Historical Context
Analysts use this metric to gauge India's services trade performance and its impact on the country's overall economic growth and foreign exchange reserves.
Key Facts
- India's services exports account for over 40% of its GDP.
- The services sector is the largest contributor to India's economic output.
- India is a major exporter of IT, financial, and business services globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue earned by India through the export of services to other countries, a key component of India's balance of payments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into India's international competitiveness in the services sector and its impact on the country's overall economic growth and foreign exchange reserves.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Commerce and Industry through surveys of Indian service providers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess India's services trade performance and its implications for the country's broader economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of India's data collection and publication processes, which may result in occasional delays.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for India (INDB6CRSE03STSAQ), retrieved from FRED.