Real Gross Domestic Product for India
NGDPRNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,351,631.10
Year-over-Year Change
24.38%
Date Range
4/1/2004 - 1/1/2025
Summary
Real Gross Domestic Product (GDP) for India measures the total value of goods and services produced in the Indian economy, adjusted for inflation. It is a key indicator of economic growth and a widely used metric for policymakers and analysts.
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
Real GDP is a comprehensive measure of a country's economic activity, capturing output across all sectors. It allows for comparison of economic performance over time, excluding the effects of price changes. The real GDP trend for India is closely monitored to assess the health and trajectory of the Indian economy.
Methodology
Real GDP is calculated by the Indian government's Central Statistical Organization using production, income, and expenditure data.
Historical Context
Real GDP is a crucial input for economic forecasting, policy decisions, and evaluating the effectiveness of government programs.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Real GDP growth in India averaged 6.8% annually from 2010-2019.
- The COVID-19 pandemic caused India's real GDP to contract by 6.6% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for India measures the total value of goods and services produced in the Indian economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of economic growth and performance, providing valuable insights into the health and trajectory of the Indian economy.
Q: How is this data collected or calculated?
A: Real GDP is calculated by the Indian government's Central Statistical Organization using production, income, and expenditure data.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial input for economic forecasting, policy decisions, and evaluating the effectiveness of government programs in India.
Q: Are there update delays or limitations?
A: The Real GDP data for India may have update delays and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for India (NGDPRNSAXDCINQ), retrieved from FRED.