Price Level of GDP, G-K method for India
PLOGDPINA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.83
Year-over-Year Change
31.08%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for India measures the overall price level of the Indian economy using the Geary-Khamis method. This metric is crucial for understanding real economic growth and adjusting GDP data for inflation.
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 Price Level of GDP, G-K method for India is an index that tracks the overall price level of goods and services produced within the Indian economy. It is calculated using the Geary-Khamis method, which compares prices across countries to create internationally comparable price levels.
Methodology
The data is collected by India's Central Statistical Office and calculated using the Geary-Khamis method.
Historical Context
Policymakers and economists use this index to adjust GDP data for inflation and analyze real economic growth in India.
Key Facts
- The base year for the index is 2017.
- India's price level was 37.4% of the U.S. level in 2020.
- The index has been published since 1970.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for India measures the overall price level of goods and services produced within the Indian economy using the Geary-Khamis international price comparison method.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding real economic growth in India by adjusting GDP data for inflation. It allows for international price comparisons and analysis of India's relative cost of living.
Q: How is this data collected or calculated?
A: The data is collected by India's Central Statistical Office and calculated using the Geary-Khamis method, which compares prices across countries to create internationally comparable price levels.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to adjust GDP data for inflation and analyze real economic growth in India. It provides important context for interpreting the country's economic performance.
Q: Are there update delays or limitations?
A: The index is published with some delay, but provides a comprehensive measure of India's overall price level relative to other countries.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for India (PLOGDPINA621NUPN), retrieved from FRED.