Production: Industry: Total Industry Excluding Construction for India
PRINTO01INQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.65
Year-over-Year Change
177.49%
Date Range
7/1/1994 - 10/1/2024
Summary
The 'Production: Industry: Total Industry Excluding Construction for India' series measures the total industrial output in India, excluding the construction sector. This metric provides valuable insights into the overall health and performance of the Indian industrial economy.
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 economic trend represents the monthly index of total industrial production in India, with the construction sector excluded. It is a widely-used indicator of the country's manufacturing, mining, and utilities activity, which are crucial components of its economic growth and development.
Methodology
The data is collected and calculated by the Central Statistical Organization of India based on a survey of industrial establishments.
Historical Context
This industrial production index is closely monitored by policymakers, analysts, and investors to gauge the strength of the Indian economy and inform economic decision-making.
Key Facts
- India is the world's fifth-largest economy.
- Manufacturing accounts for 16% of India's GDP.
- Industrial output grew by 3.7% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly index of total industrial production in India, excluding the construction sector. It provides a gauge of manufacturing, mining, and utilities activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This industrial production index is a key indicator of the overall health and performance of the Indian economy, which is crucial for policymakers, investors, and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Statistical Organization of India based on a survey of industrial establishments.
Q: How is this trend used in economic policy?
A: The industrial production index is closely watched by policymakers in India to gauge the strength of the economy and inform economic decision-making, such as monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately one month, and there may be occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for India (PRINTO01INQ657S), retrieved from FRED.