Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for India
INDLORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.32
Year-over-Year Change
3.16%
Date Range
5/1/1996 - 11/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for India measures the deviation of India's GDP from its long-term trend, providing insights into the country's economic performance and direction.
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 economic indicator compares India's current GDP to its historical trend, signaling whether the economy is expanding above or below its sustainable growth path. It is used by economists and policymakers to assess the business cycle and guide macroeconomic policies.
Methodology
The data is calculated by the OECD using a statistical model that extracts the underlying trend from India's GDP series.
Historical Context
Analysts monitor this leading indicator to anticipate changes in India's economic growth and inform investment and policy decisions.
Key Facts
- India's GDP is currently above its long-term trend.
- The ratio has been trending upward since the COVID-19 pandemic.
- Values above 1 indicate the economy is expanding faster than its sustainable pace.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the deviation of India's GDP from its long-term historical trend, providing insights into the current state of the economy.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is used by economists and policymakers to assess India's business cycle and guide macroeconomic policies and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a statistical model that extracts the underlying trend from India's GDP series.
Q: How is this trend used in economic policy?
A: Analysts monitor this indicator to anticipate changes in India's economic growth and inform policy decisions, such as monetary and fiscal policies, to support sustainable expansion.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, and it may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for India (INDLORSGPRTSTSAM), retrieved from FRED.