Real Private Sector Final Consumption Expenditure for India
NCPRXDCINA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,667,371.90
Year-over-Year Change
104.86%
Date Range
1/1/2005 - 1/1/2024
Summary
The Real Private Sector Final Consumption Expenditure for India measures the inflation-adjusted spending by Indian households and non-profit institutions on goods and services. It is a key indicator of domestic consumer demand and 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
This indicator tracks the volume of consumption expenditures by private entities in India, excluding the government sector. It is a widely used metric for assessing the strength of the Indian economy and consumer confidence.
Methodology
The data is collected and calculated by India's Ministry of Statistics and Programme Implementation based on household surveys and national accounts.
Historical Context
Policymakers and economists monitor this trend to understand consumer behavior and make informed decisions about fiscal and monetary policies.
Key Facts
- India's real private consumption grew by 5.8% in 2021.
- Household consumption accounts for over 55% of India's GDP.
- The trend reached its highest level of 106.4 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the inflation-adjusted spending by Indian households and non-profit institutions on goods and services, excluding government expenditures.
Q: Why is this trend relevant for users or analysts?
A: Real private consumption is a key driver of India's economic growth and a reliable indicator of domestic consumer demand and confidence.
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 household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand consumer behavior and make informed decisions about fiscal and monetary policies in India.
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, Real Private Sector Final Consumption Expenditure for India (NCPRXDCINA), retrieved from FRED.