National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for India
NAEXKP07INQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,538,596,970,000.00
Year-over-Year Change
81.81%
Date Range
4/1/1996 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services in India, adjusted for inflation. It is a key component of the country's gross domestic product (GDP) calculation, providing insight into its trade balance and international economic activity.
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: Less: Imports of Goods and Services for India' series represents the real (inflation-adjusted) value of imports of both goods and services in the Indian economy. This metric is used by economists and policymakers to analyze India's trade position and the role of external demand in its overall economic performance.
Methodology
The data is collected and calculated by India's Central Statistics Office based on surveys of businesses and trade statistics.
Historical Context
This import value trend is widely used to monitor India's trade balance and assess the impact of global economic conditions on the domestic economy.
Key Facts
- Imports account for over 20% of India's GDP.
- India's imports have grown rapidly in recent decades.
- The trade deficit is a key concern for Indian policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of imports of goods and services in the Indian economy, which is a key component of the country's GDP calculation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into India's trade balance and the role of external demand in its overall economic performance, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by India's Central Statistics Office based on surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: This import value trend is widely used to monitor India's trade balance and assess the impact of global economic conditions on the domestic economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay 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: Less: Imports of Goods and Services for India (NAEXKP07INQ652S), retrieved from FRED.