Real Private Sector Final Consumption Expenditure for India
NCPRNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,200,393.70
Year-over-Year Change
14.96%
Date Range
4/1/2004 - 1/1/2025
Summary
This economic trend measures real private consumption expenditure in India, a key indicator of domestic demand and economic growth.
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
Real Private Sector Final Consumption Expenditure tracks the inflation-adjusted value of goods and services purchased by Indian households and non-profit institutions. It is a crucial gauge of consumer spending and a leading component of India's gross domestic product.
Methodology
The data is collected and calculated by India's Ministry of Statistics and Programme Implementation.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess the health of India's consumer economy.
Key Facts
- India's real private consumption grew 7.1% in 2021.
- Private consumption makes up over 55% of India's GDP.
- Weak consumer demand can signal broader economic slowdown.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the inflation-adjusted value of goods and services purchased by Indian households and non-profit institutions, a key indicator of domestic demand.
Q: Why is this trend relevant for users or analysts?
A: Real private consumption is a crucial gauge of consumer spending and a leading component of India's GDP, making it important for understanding the health of the Indian economy.
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: This metric is widely used by economists, policymakers, and investors to assess the strength of India's consumer economy and domestic demand.
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, Real Private Sector Final Consumption Expenditure for India (NCPRNSAXDCINQ), retrieved from FRED.