External Trade: Volume of Imports of Goods and Services for India
INDTMRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
123.80%
Date Range
1/1/2016 - 1/1/2024
Summary
The 'External Trade: Volume of Imports of Goods and Services for India' metric measures the volume of imports of goods and services to India. This is a key economic indicator that provides insights into India's international trade and purchasing power.
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 import volume index tracks the value of goods and services imported into India, adjusted for price changes. It is used by economists, policymakers, and analysts to understand India's trade balance, consumer demand, and overall economic health.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Historical Context
Import volume trends are closely monitored for their implications on India's macroeconomic policies and currency valuation.
Key Facts
- India is the world's fifth-largest economy by GDP.
- Imports account for over 20% of India's GDP.
- India's top import categories are crude oil, precious stones, and machinery.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the volume, or quantity, of goods and services imported into India, adjusted for price changes over time.
Q: Why is this trend relevant for users or analysts?
A: Import volume is a key indicator of India's international trade, consumer demand, and overall economic health. It provides insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: Import volume trends are closely monitored for their implications on India's macroeconomic policies, currency valuation, and trade balance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, External Trade: Volume of Imports of Goods and Services for India (INDTMRPCPPPT), retrieved from FRED.