Gross Domestic Product for India
MKTGDPINA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,912,686,168,582.21
Year-over-Year Change
114.08%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) for India measures the total value of all goods and services produced within the country. It is a key indicator of economic growth and overall economic health.
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
GDP is the broadest measure of a country's economic activity and production. It represents the monetary value of all final goods and services produced within India's borders over a given period, typically a year or quarter.
Methodology
GDP data is collected and calculated by India's Ministry of Statistics and Programme Implementation based on various economic surveys and reports.
Historical Context
GDP is closely watched by policymakers, investors, and analysts to gauge India's economic performance and guide decision-making.
Key Facts
- India's GDP was over $3.2 trillion in 2021.
- GDP growth in India averaged 6.8% annually from 2000-2019.
- Services account for over 50% of India's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for India measures the total monetary value of all finished goods and services produced within the country over a given period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and health. It is closely watched by policymakers, investors, and analysts to gauge India's economic growth and guide decision-making.
Q: How is this data collected or calculated?
A: The GDP data for India is collected and calculated by the country's Ministry of Statistics and Programme Implementation based on various economic surveys and reports.
Q: How is this trend used in economic policy?
A: India's GDP data is used by policymakers, central banks, and international organizations to assess the overall state of the Indian economy, formulate economic policies, and make decisions about interest rates, government spending, and other key economic factors.
Q: Are there update delays or limitations?
A: The GDP data for India is typically published on a quarterly basis, with some delays due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product for India (MKTGDPINA646NWDB), retrieved from FRED.