National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India
NAEXKP06INQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,653,868,969,934.65
Year-over-Year Change
45.88%
Date Range
4/1/1996 - 7/1/2023
Summary
This economic trend measures the real (inflation-adjusted) value of exports of goods and services for India. It is a key component of the country's gross domestic product (GDP) and an important indicator of its international trade and economic performance.
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 Exports of Goods and Services for India indicator represents the total monetary value of all goods and services exported from India to other countries. It is an essential metric for evaluating India's trade balance, competitiveness, and integration with the global economy.
Methodology
The data is collected and calculated by India's Ministry of Statistics and Programme Implementation based on national accounts and trade statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess India's economic growth, external demand, and the impact of trade policies.
Key Facts
- India's exports of goods and services were valued at $614 billion in 2021.
- Exports account for approximately 20% of India's total GDP.
- The top export destinations for India are the United States, China, and the United Arab Emirates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of all goods and services exported from India to other countries, a key component of India's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating India's international trade performance, competitiveness, and integration with the global economy, as well as its overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by India's Ministry of Statistics and Programme Implementation based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess India's economic growth, external demand, and the impact of trade policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India (NAEXKP06INQ652S), retrieved from FRED.