National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for India
Growth rate same period previous year, Annual
NAEXKP02INA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.28
Year-over-Year Change
10.65%
Date Range
1/1/2013 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' measures the year-over-year change in real GDP for India. This key economic indicator provides insight into the overall growth trajectory 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
This annual growth rate series compares India's real GDP in a given year to the previous year's value, expressed as a percentage change. Economists and policymakers use this metric to evaluate the health and momentum of the Indian economy over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using India's official GDP statistics.
Historical Context
This growth rate trend is closely watched by investors, analysts, and Indian government agencies to inform economic policy decisions.
Key Facts
- India's GDP grew 6.8% in 2022 compared to the previous year.
- The growth rate has averaged 6.9% over the past decade.
- GDP growth slowed to 3.7% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in India's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of the overall health and momentum of the Indian economy, providing valuable insights for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using India's official GDP statistics.
Q: How is this trend used in economic policy?
A: The Indian government and central bank closely monitor this GDP growth rate trend to inform monetary and fiscal policy decisions aimed at promoting sustainable economic expansion.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of the latest annual GDP growth rate data due to the time required for India to compile and publish its official statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02INA659S), retrieved from FRED.