External Trade: Volume of Exports of Goods and Services for India
INDTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.78
Year-over-Year Change
30.94%
Date Range
1/1/2016 - 1/1/2024
Summary
The 'External Trade: Volume of Exports of Goods and Services for India' series measures the total volume of exports of goods and services from India. It is an important indicator of India's international trade activity and economic performance.
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 overall volume of exported products and services from India. It is a key metric used by economists and policymakers to analyze India's trade balance, competitiveness, and growth prospects in the global economy.
Methodology
The data is collected by India's Ministry of Commerce and Industry and calculated based on a weighted index of export volumes.
Historical Context
This export volume trend is closely monitored by Indian government agencies, multinational institutions, and financial markets to assess the country's economic health and trade dynamics.
Key Facts
- India is the world's fifth-largest exporter of goods and services.
- Exports account for over 20% of India's total GDP.
- The export volume index has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the overall volume of goods and services exported from India, providing a comprehensive metric of the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: The export volume trend is a crucial indicator of India's economic performance, trade competitiveness, and growth prospects in the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Commerce and Industry and calculated based on a weighted index of export volumes.
Q: How is this trend used in economic policy?
A: This export volume metric is closely monitored by Indian government agencies, multinational institutions, and financial markets to assess the country's trade dynamics and broader economic health.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-month lag, and may be subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for India (INDTXRPCPPPT), retrieved from FRED.