Share of Merchandise Imports at Current Purchasing Power Parities for India
CSHMCPINA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.08
Year-over-Year Change
-3.33%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for India' measures India's share of global merchandise imports adjusted for purchasing power differences across countries. This provides insight into India's international trade and economic position.
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 series represents India's share of global merchandise imports, which are goods like raw materials, machinery, and consumer products that are traded internationally. The data is adjusted for differences in purchasing power across countries, giving a more accurate picture of India's trade influence.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust for purchasing power disparities.
Historical Context
This metric is used by economists and policymakers to analyze India's participation in the global economy and trade patterns.
Key Facts
- India's share of global merchandise imports was 2.7% in 2020.
- Merchandise imports make up over 20% of India's GDP.
- India is the 10th largest importer globally.
FAQs
Q: What does this economic trend measure?
A: This metric measures India's share of total global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This provides insight into India's role and influence in international trade, which is a key driver of its economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to adjust for purchasing power disparities across countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze India's participation in the global economy and inform trade and economic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of around 1-2 years, so it may not reflect the most recent trade patterns.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for India (CSHMCPINA156NRUG), retrieved from FRED.