Real External Balance of Goods and Services for India
NNXGSRXDCINA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,365,164.10
Year-over-Year Change
-42.61%
Date Range
1/1/2005 - 1/1/2024
Summary
The Real External Balance of Goods and Services for India measures the difference between India's exports and imports of goods and services, adjusted for inflation. It provides insights into India's international trade position and competitiveness.
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 Real External Balance of Goods and Services for India tracks the purchasing power balance of India's international trade in real terms. It is an important economic indicator used to assess India's trade performance and the overall strength of its external sector.
Methodology
The data is calculated by the World Bank using India's nominal trade balance and adjusting for changes in prices of exported and imported goods and services.
Historical Context
Policymakers and analysts use this metric to evaluate India's trade policies, exchange rate dynamics, and broader macroeconomic conditions.
Key Facts
- India's real external balance has been in deficit since the 1990s.
- The trade balance is a key component of India's current account.
- Improving the real external balance is a policy priority for the Indian government.
FAQs
Q: What does this economic trend measure?
A: The Real External Balance of Goods and Services for India measures the difference between India's exports and imports of goods and services, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into India's international trade position and competitiveness, which are crucial for evaluating the country's macroeconomic health and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using India's nominal trade balance and adjusting for changes in prices of exported and imported goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate India's trade policies, exchange rate dynamics, and broader macroeconomic conditions, as the real external balance is a key indicator of the country's international trade performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real External Balance of Goods and Services for India (NNXGSRXDCINA), retrieved from FRED.