Production: Manufacturing: Total Manufacturing for India
PRMNTO01INA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-460.11%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for India' trend measures the overall output of the manufacturing sector in India. This metric is a key indicator of the health and productivity of the Indian 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 manufacturing production index tracks changes in the volume of goods produced by India's factories, mills, and workshops. It is a widely used gauge of the nation's industrial activity and economic growth.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index with a base year.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of India's industrial base and identify opportunities for economic development.
Key Facts
- India is the world's 5th largest manufacturer.
- Manufacturing accounts for 16% of India's GDP.
- The sector employs over 50 million workers.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for India' metric tracks the overall output of India's manufacturing sector, including factories, mills, and workshops.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of India's industrial activity and economic growth, providing valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as an index with a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of India's industrial base and identify opportunities for economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for India (PRMNTO01INA657S), retrieved from FRED.