National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Israel
Growth rate previous period, Annual
NAEXKP01ILA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-73.07%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in real GDP for India. This key indicator provides insight into the overall health and momentum 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
This series represents the annual growth rate of India's real gross domestic product (GDP) compared to the previous year. It is a widely tracked metric used by economists, policymakers, and investors to evaluate India's economic performance and growth trajectory.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official Indian GDP statistics.
Historical Context
This growth rate trend is closely monitored for its implications on trade, investment, and macroeconomic policy in India and globally.
Key Facts
- India's GDP grew 8.7% in 2021 after contracting 6.6% in 2020.
- The 10-year average annual GDP growth rate for India is 6.8%.
- India aims to become a $5 trillion economy by 2025.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in India's real gross domestic product (GDP), providing insight into the overall growth and momentum of the Indian economy.
Q: Why is this trend relevant for users or analysts?
A: The Indian GDP growth rate is a key indicator tracked by economists, policymakers, and investors to evaluate the health and performance of the Indian economy, with implications for trade, investment, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics reported by the Indian government.
Q: How is this trend used in economic policy?
A: Policymakers in India and globally monitor this GDP growth rate trend to inform macroeconomic policies, trade agreements, and investment decisions related to the Indian economy.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of official Indian GDP data, which can affect the timeliness of this growth rate metric published by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP01ILA657S), retrieved from FRED.