National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India
Growth rate previous period, Annual
NAEXKP06INA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.41
Year-over-Year Change
77.78%
Date Range
1/1/2013 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year change in real gross domestic product (GDP) for India. This metric is a key indicator of the overall health and trajectory 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 annual growth rate statistic provides a high-level view of India's economic performance, allowing analysts to assess the nation's economic expansion or contraction compared to the prior year. It is a widely referenced data point for economists, policymakers, and investors seeking to understand India's macroeconomic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics reported by the Government of India.
Historical Context
Economists and policymakers use this growth rate to inform decisions and assessments related to trade, investment, and fiscal/monetary policy in India and its global economic relationships.
Key Facts
- India's GDP grew 8.7% in 2021 compared to 2020.
- The growth rate peaked at 13.7% in Q1 2021 as the economy rebounded from pandemic impacts.
- India's long-term average annual GDP growth rate is around 7%.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' trend measures the year-over-year change in India's real gross domestic product (GDP), a key indicator of the country's overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is widely used by economists, policymakers, and investors to assess the health and trajectory of the Indian economy, informing decisions related to trade, investment, and economic policy.
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 Government of India.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this growth rate to analyze India's macroeconomic performance and inform decisions related to fiscal, monetary, and trade policies both domestically and in India's global economic relationships.
Q: Are there update delays or limitations?
A: There may be delays of several months between the end of a fiscal year and the publication of the corresponding annual GDP growth rate data.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06INA657S), retrieved from FRED.