National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for India
Growth rate same period previous year, Annual
NAEXKP04INA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.16
Year-over-Year Change
149.18%
Date Range
1/1/2013 - 1/1/2024
Summary
This economic trend measures the annual growth rate of gross domestic product (GDP) in India compared to the same period in the previous year. It provides a key indicator of the country's economic performance and trajectory.
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 annual growth rate of GDP, adjusted for inflation, is a widely used metric to assess a country's economic expansion or contraction over time. It is a critical data point for economists, policymakers, and investors to evaluate India's macroeconomic health and development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics reported by the Government of India.
Historical Context
This growth rate trend is closely monitored by the Reserve Bank of India and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- India's GDP grew 8.7% in 2021 compared to 2020.
- GDP growth slowed to 4.1% in Q1 2022 due to global supply chain disruptions.
- The Reserve Bank of India aims to keep annual GDP growth between 6-7%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annual growth rate of India's gross domestic product (GDP) compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of a country's overall economic performance and health, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official GDP statistics reported by the Government of India.
Q: How is this trend used in economic policy?
A: The Reserve Bank of India and other institutions closely monitor this GDP growth rate trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be some time lag in the reporting of this data due to the process of collecting and verifying the underlying GDP statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP04INA659S), retrieved from FRED.