Openness at constant prices for India
OPENRPINA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.54
Year-over-Year Change
87.80%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for India' metric measures the ratio of India's total trade (exports plus imports) to its gross domestic product (GDP) at constant prices, providing insights into the country's economic integration and exposure to global markets.
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 economic indicator offers a gauge of India's trade openness, reflecting the degree to which its economy is integrated with the global economy. It is a useful metric for policymakers and analysts to evaluate India's economic structure, competitiveness, and potential vulnerabilities to external shocks.
Methodology
The data is calculated by the International Monetary Fund (IMF) using India's GDP and trade data at constant prices.
Historical Context
This metric is closely monitored by economists, investors, and policymakers to assess India's economic policies and trade performance.
Key Facts
- India's trade openness ratio stood at 38.7% in 2021.
- This metric has fluctuated between 30-50% over the past decade.
- Trade openness is considered a key indicator of India's economic liberalization and integration with the global economy.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for India' metric measures the ratio of India's total trade (exports plus imports) to its gross domestic product (GDP) at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the degree of India's economic integration and exposure to global markets, which is crucial for policymakers and analysts to evaluate the country's economic structure, competitiveness, and potential vulnerabilities.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using India's GDP and trade data at constant prices.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, investors, and policymakers to assess India's economic policies and trade performance, as it reflects the country's level of integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published by the IMF and may be subject to occasional update delays or revisions based on the availability of underlying trade and GDP statistics.
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Citation
U.S. Federal Reserve, Openness at constant prices for India (OPENRPINA156NUPN), retrieved from FRED.