Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for India
INDSLRTCR03IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.04
Year-over-Year Change
-0.82%
Date Range
5/1/2001 - 3/1/2022
Summary
This economic indicator tracks passenger car registrations in India, providing insights into wholesale and retail trade and repair activity in the motor vehicle and motorcycle sectors.
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
The passenger car registrations series serves as a proxy for economic activity in India's wholesale and retail trade and repair industries for motor vehicles and motorcycles. It offers a timely signal of consumer demand and business investment trends in this important segment of the economy.
Methodology
The data is collected and compiled by India's Ministry of Statistics and Programme Implementation.
Historical Context
Policymakers and analysts monitor this indicator to assess the health of India's automotive and related industries.
Key Facts
- Passenger car registrations provide a timely indicator of economic conditions.
- The automotive industry is a key driver of India's wholesale and retail trade.
- Monitoring this data helps policymakers assess investment and consumption trends.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new passenger car registrations in India, serving as a proxy for economic activity in the wholesale and retail trade and repair of motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations offer a timely signal of consumer demand and business investment in India's automotive and related industries, making it a valuable indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and compiled by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of India's automotive and related industries, which are key drivers of economic activity and investment.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for India (INDSLRTCR03IXOBSAM), retrieved from FRED.