Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for India
INDPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.62
Year-over-Year Change
5.55%
Date Range
4/1/1994 - 1/1/2023
Summary
This economic trend measures the production volume of the industrial sector in India, excluding the construction industry. It serves as a key indicator of the overall health and activity of 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
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for India metric provides a comprehensive view of industrial production in the country. It is widely used by economists, policymakers, and market analysts to gauge the strength and direction of the Indian economy.
Methodology
The data is collected and calculated by the Ministry of Statistics and Programme Implementation (MOSPI) of the Government of India.
Historical Context
This trend is closely monitored by the Reserve Bank of India and other government agencies to inform economic policies and decision-making.
Key Facts
- India is the world's fifth-largest economy.
- The industrial sector accounts for over 20% of India's GDP.
- Manufacturing is a key driver of India's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the industrial sector in India, excluding the construction industry. It provides a comprehensive view of overall industrial activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the health and direction of the Indian economy, as the industrial sector is a significant contributor to the country's GDP. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Ministry of Statistics and Programme Implementation (MOSPI) of the Government of India.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India and other government agencies use this trend to inform economic policies and decision-making, as it provides insights into the overall state of the Indian economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be occasional delays or revisions due to the complexities of data collection across India's diverse industrial landscape.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for India (INDPROINDMISMEI), retrieved from FRED.