National Accounts: Real Gross Domestic Product for India
INDNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-4.37%
Date Range
1/1/1990 - 1/1/2029
Summary
The Real Gross Domestic Product (GDP) for India measures the total value of goods and services produced in the country, adjusted for inflation. It is a key indicator of the overall health and growth 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
Real GDP is a comprehensive measure of economic activity that accounts for changes in the prices of goods and services. It is widely used by policymakers, analysts, and economists to assess the performance and trajectory of the Indian economy.
Methodology
The Indian government's Central Statistical Office collects and compiles the data used to calculate real GDP.
Historical Context
Real GDP is a crucial input for monetary and fiscal policy decisions made by the Reserve Bank of India and the Indian government.
Key Facts
- India's real GDP grew by 6.3% in 2022.
- Services account for over 50% of India's real GDP.
- The COVID-19 pandemic caused a 6.6% contraction in India's real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The National Accounts: Real Gross Domestic Product for India measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of the overall health and growth of the Indian economy, and is widely used by policymakers, analysts, and economists to assess the country's economic performance and trajectory.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Indian government's Central Statistical Office.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial input for monetary and fiscal policy decisions made by the Reserve Bank of India and the Indian government.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Indian government, and there may be delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for India (INDNGDPRPCPPPT), retrieved from FRED.