Real Final Consumption Expenditure for India
NCRNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,284,579.00
Year-over-Year Change
14.82%
Date Range
4/1/2004 - 1/1/2025
Summary
Real Final Consumption Expenditure for India measures inflation-adjusted private and government spending on goods and services in the Indian economy. It is 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
This metric represents the total value of consumption expenditures by Indian households, non-profit institutions, and government agencies, adjusted for price changes. It is a widely-used gauge of the overall health and momentum of the Indian economy.
Methodology
The data is calculated by the Indian government's National Statistical Office based on household and public sector spending surveys.
Historical Context
Real consumption expenditure is closely monitored by policymakers, investors, and analysts to assess consumer confidence and guide fiscal and monetary policies.
Key Facts
- India is the world's fifth-largest economy by GDP.
- Household consumption accounts for over 55% of India's GDP.
- Real consumption growth averaged 6.2% annually from 2015-2019.
FAQs
Q: What does this economic trend measure?
A: Real Final Consumption Expenditure for India measures inflation-adjusted private and government spending on goods and services in the Indian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of domestic demand and economic growth in India, providing insight into consumer confidence and spending patterns.
Q: How is this data collected or calculated?
A: The data is calculated by India's National Statistical Office based on household and public sector spending surveys.
Q: How is this trend used in economic policy?
A: Real consumption expenditure is closely monitored by policymakers, investors, and analysts to assess the health of the Indian economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the collection and reporting timelines of the Indian government's statistical agency.
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Citation
U.S. Federal Reserve, Real Final Consumption Expenditure for India (NCRNSAXDCINQ), retrieved from FRED.