National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for India
INDGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,171,881,464,171.61
Year-over-Year Change
50.30%
Date Range
4/1/1996 - 7/1/2023
Summary
This economic indicator measures the total value of goods and services produced in India, providing a comprehensive overview of the country's economic activity and growth.
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
Gross Domestic Product (GDP) is the primary measure of a nation's economic performance, representing the total market value of all final goods and services produced within a country's borders over a specific period. This series tracks India's GDP at current prices, offering insights into the size and composition of the Indian economy.
Methodology
The data is collected and calculated by the Indian government's statistical agencies.
Historical Context
GDP is a crucial metric used by policymakers, analysts, and investors to assess economic conditions and make informed decisions.
Key Facts
- India's GDP reached $3.18 trillion in 2021.
- The service sector accounts for over 50% of India's GDP.
- India's GDP growth rate was 8.7% in 2021, rebounding from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in India, providing a comprehensive overview of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial metric used by policymakers, analysts, and investors to assess economic conditions and make informed decisions about the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Indian government's statistical agencies.
Q: How is this trend used in economic policy?
A: GDP is a key indicator used by policymakers, economists, and institutions to evaluate the overall health and performance of the Indian economy, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the Indian government's statistical agencies.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for India (INDGDPNQDSMEI), retrieved from FRED.