Real General Government Final Consumption Expenditure for India
NCGGRNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,084,185.30
Year-over-Year Change
14.04%
Date Range
4/1/2004 - 1/1/2025
Summary
The Real General Government Final Consumption Expenditure for India measures the inflation-adjusted spending by the Indian government on goods and services. This indicator provides insights into the role of the public sector in 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 economic trend represents the real (inflation-adjusted) value of final consumption expenditure by the general government in India. It is a key indicator of the size and composition of government spending, which influences economic growth, fiscal policy, and the overall economic environment.
Methodology
The data is calculated based on national accounts statistics compiled by the Indian government.
Historical Context
This indicator is widely used by economists, policymakers, and financial analysts to assess the fiscal health and policy stance of the Indian economy.
Key Facts
- India's real government consumption expenditure reached a high of $493 billion in 2021.
- Government spending accounted for over 10% of India's GDP in recent years.
- Real government consumption has grown at an average annual rate of 4.5% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted final consumption expenditure by the general government in India, including spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and composition of government spending, which is a key driver of economic growth and an important factor in fiscal policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics compiled by the Indian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the fiscal stance, evaluate the government's role in the economy, and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of national accounts statistics by the Indian government, and may have a delay of several months.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure for India (NCGGRNSAXDCINQ), retrieved from FRED.