Nominal Acquisitions less Disposals of Valuables for India
NFIAXDNSAXDCINQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
887,895.20
Year-over-Year Change
27.14%
Date Range
4/1/2004 - 1/1/2025
Summary
This economic trend measures the nominal value of acquisitions less disposals of valuables for India. It provides insight into the country's accumulation of valuable assets, which is an important indicator of investment and economic activity.
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 nominal acquisitions less disposals of valuables for India is a key economic indicator that tracks the net change in the country's stock of valuables. Valuables include items like precious metals, jewellery, and other durable goods that are primarily held as stores of value.
Methodology
The data is collected and calculated by India's national statistical agency based on surveys and administrative records.
Historical Context
This trend is used by economists and policymakers to assess India's investment and savings patterns.
Key Facts
- India is the world's second-largest consumer of gold.
- Valuables account for over 10% of India's total household assets.
- Net acquisitions of valuables peaked in 2020 due to economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal value of acquisitions less disposals of valuables in India. It provides insight into the country's accumulation of valuable assets like precious metals and jewelry.
Q: Why is this trend relevant for users or analysts?
A: The net acquisitions of valuables is an important indicator of investment and savings patterns in India, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by India's national statistical agency based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess India's investment and savings behavior, which informs decisions around monetary, fiscal, and regulatory policies.
Q: Are there update delays or limitations?
A: There can be lags of several months in the reporting of this data, and the methodology may be subject to revisions or limitations in coverage.
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Citation
U.S. Federal Reserve, Nominal Acquisitions less Disposals of Valuables for India (NFIAXDNSAXDCINQ), retrieved from FRED.