Balance of Payments: Services: Expenditure for India
INDB6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.59
Year-over-Year Change
12.07%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'Balance of Payments: Services: Expenditure for India' metric measures India's international expenditure on services, providing insights into the country's economic openness and integration with global trade.
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 metric represents the value of services imported by India, including categories like travel, transportation, and intellectual property fees. It serves as an important indicator of India's participation in international commerce and the competitiveness of its service sector.
Methodology
The data is collected by India's central bank through surveys and administrative records.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to assess India's economic performance and trade dynamics.
Key Facts
- India's services expenditure has grown significantly in recent decades.
- The services sector accounts for over 50% of India's GDP.
- Monitoring services expenditure helps assess India's economic integration.
FAQs
Q: What does this economic trend measure?
A: This metric measures India's international expenditure on services, including categories like travel, transportation, and intellectual property fees.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into India's economic openness and integration with global trade, serving as an important indicator for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by India's central bank through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers to assess India's economic performance and trade dynamics, informing decisions on trade policies and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of India's central bank, and may have limited historical coverage depending on data availability.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for India (INDB6DBSE02STSAQ), retrieved from FRED.