National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India
NAEXKP01INQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,565,439,700,864.20
Year-over-Year Change
23.05%
Date Range
4/1/1996 - 7/1/2023
Summary
This economic trend measures India's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic activity and growth.
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 National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India series tracks the total value of all goods and services produced within India's borders, adjusted for inflation. It is a key indicator of the overall health and performance of the Indian economy.
Methodology
The data is collected and calculated by the Indian government's statistical agencies.
Historical Context
This GDP measure is widely used by policymakers, analysts, and investors to assess India's economic conditions and make informed decisions.
Key Facts
- India's GDP reached $3.18 trillion in 2021.
- GDP growth in India averaged 6.8% per year from 2000 to 2019.
- The services sector accounts for over 50% of India's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures India's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This GDP measure is widely used by policymakers, analysts, and investors to assess India's economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Indian government's statistical agencies.
Q: How is this trend used in economic policy?
A: This GDP measure is used by policymakers, analysts, and investors to assess India's economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the Indian government's statistical agencies.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India (NAEXKP01INQ652S), retrieved from FRED.