Nominal Private Sector Final Consumption Expenditure for India
NCPNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,388,604.10
Year-over-Year Change
30.70%
Date Range
4/1/2004 - 1/1/2025
Summary
This economic trend measures the nominal value of private sector final consumption expenditure in India. It is a key indicator of consumer demand and a driver of economic 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
Nominal Private Sector Final Consumption Expenditure for India represents the total value of goods and services consumed by Indian households and nonprofit institutions serving households, excluding the government sector. It is a widely tracked metric for assessing the health of the Indian economy.
Methodology
The data is collected and calculated by India's Ministry of Statistics and Programme Implementation.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to gauge the strength of India's domestic consumption and broader economic conditions.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Consumer spending accounts for over 50% of India's GDP.
- Nominal private consumption grew by 7.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal value of goods and services consumed by the private sector in India, excluding government expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of domestic demand and consumer confidence, which are critical drivers of India's 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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of India's economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Nominal Private Sector Final Consumption Expenditure for India (NCPNSAXDCINQ), retrieved from FRED.