Nominal Final Consumption Expenditure for India
NCNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,219,797.30
Year-over-Year Change
30.45%
Date Range
4/1/2004 - 1/1/2025
Summary
The Nominal Final Consumption Expenditure for India tracks the total value of goods and services consumed by households and non-profit institutions. It is a key indicator of economic activity and consumer demand.
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 metric represents the market value of all goods and services purchased by Indian households and non-profit organizations. It is a broad measure of consumer spending and a major component of India's Gross Domestic Product (GDP).
Methodology
The data is collected and calculated by India's Ministry of Statistics and Programme Implementation.
Historical Context
Policymakers and analysts use this metric to assess the strength of domestic consumption and overall economic conditions in India.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Household consumption accounts for over 55% of India's GDP.
- Nominal final consumption grew by 7.7% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The Nominal Final Consumption Expenditure for India tracks the total value of goods and services consumed by households and non-profit institutions in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of domestic consumer demand and a major component of India's overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by India's Ministry of Statistics and Programme Implementation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of domestic consumption and overall economic conditions in India.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for India (NCNSAXDCINQ), retrieved from FRED.