Production: Manufacturing: Consumer Goods: Total for India
PRMNCG01INQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.60
Year-over-Year Change
-0.29%
Date Range
4/1/1994 - 1/1/2017
Summary
This economic indicator measures the total production of consumer goods in the manufacturing sector of India. It provides insights into the overall health and trends of India's consumer-focused manufacturing industry.
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 Production: Manufacturing: Consumer Goods: Total for India series tracks the total output of consumer goods produced by the manufacturing sector in India. This metric is closely watched by economists and policymakers as an important barometer of domestic consumer demand and industrial activity.
Methodology
The data is collected and calculated by the Reserve Bank of India through surveys of manufacturing firms.
Historical Context
Trends in this indicator can inform assessments of India's macroeconomic conditions and the efficacy of economic policies aimed at stimulating consumer spending and industrial production.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Manufacturing accounts for nearly 18% of India's GDP.
- Consumer goods are a major component of India's manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total production of consumer goods by the manufacturing sector in India.
Q: Why is this trend relevant for users or analysts?
A: Trends in consumer goods production provide insights into domestic demand and the overall health of India's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of India through surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: Monitoring this indicator can inform assessments of India's macroeconomic conditions and the effectiveness of policies aimed at stimulating consumer spending and industrial activity.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Consumer Goods: Total for India (PRMNCG01INQ661S), retrieved from FRED.