Nominal General Government Final Consumption Expenditure for India
NCGGNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,831,193.30
Year-over-Year Change
29.16%
Date Range
4/1/2004 - 1/1/2025
Summary
The Nominal General Government Final Consumption Expenditure for India measures the total value of government spending on goods and services in the Indian economy. This metric is closely watched by economists and policymakers to assess fiscal policy 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
This data series represents the total nominal value of final consumption expenditures by the general government in India. It captures government spending on a wide range of goods and services, providing insight into the scale and composition of public sector activity in the Indian economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official national accounts statistics.
Historical Context
This metric is used by economists, analysts, and policymakers to evaluate the role of government in India's economic growth and development.
Key Facts
- India's nominal government consumption expenditure was $373 billion in 2021.
- Government consumption accounted for 11% of India's GDP in 2021.
- The nominal government consumption measure has grown at an average annual rate of 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total nominal value of final consumption expenditures by the general government in India, capturing government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of public sector activity in the Indian economy, which is crucial for evaluating fiscal policy and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this metric to evaluate the role of government in India's economic growth and development, as well as to assess the impact of fiscal policy on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the IMF, but there may be some delays in data availability or revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Nominal General Government Final Consumption Expenditure for India (NCGGNSAXDCINQ), retrieved from FRED.