Leading Indicators OECD: Component Series: Production: Non-Metallic: Normalised for India
INDLOCOPMNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.91
Year-over-Year Change
0.44%
Date Range
4/1/1994 - 10/1/2023
Summary
The Leading Indicators OECD: Component Series: Production: Non-Metallic: Normalised for India measures trends in the production of non-metallic goods in India. This indicator provides insights into the health and direction 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 series tracks the production of non-metallic goods in India as part of the OECD's broader Leading Indicators program. It is a key input for analyzing industrial activity and economic conditions within the Indian market.
Methodology
The data is collected and calculated by the OECD based on official government statistics.
Historical Context
Economists and policymakers use this indicator to assess the state of the Indian industrial sector and broader economic trends.
Key Facts
- The series is normalized to a base year of 2015.
- India is the world's 6th largest economy by GDP.
- Non-metallic production is a key part of India's industrial base.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production of non-metallic goods in India as part of the OECD's broader Leading Indicators program.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and direction of the Indian economy, which is crucial for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official government statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the state of the Indian industrial sector and broader economic trends.
Q: Are there update delays or limitations?
A: The OECD publishes this data on a regular schedule, though there may be occasional delays in data reporting from source agencies.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Production: Non-Metallic: Normalised for India (INDLOCOPMNOSTSAM), retrieved from FRED.