Key information about India Private Consumption: % of GDP

• India Private Consumption accounted for 64.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 61.8 % in the previous quarter.
• India Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Jun 1996 to Dec 2024, with an average share of 59.7 %.
• The data reached an all-time high of 71.1 % in Sep 1996 and a record low of 52.5 % in Mar 2011.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Private Consumption as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1990-2000 prices.


Related information about India Private Consumption: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its Nominal GDP reached 873.7 USD bn in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.

Households and NPISHs final consumption expenditure (% of GDP) in India was reported at 60.34% in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Households and NPISHs final consumption expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

In the financial year 2022, the nominal private final consumption expenditure (PFCE) accounted for 59.6 percent of India's GDP. The figure is projected to rise to 60.1 percent in the fiscal year 2023. Over the years, the ratio of PFCE to GDP in India has increased, indicating a growth in private consumption expenditure in the country.

India IN: GDP: % of GDP: Final Consumption Expenditure data was reported at 70.229 % in 2017. This records an increase from the previous number of 69.942 % for 2016. India IN: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 80.856 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 94.478 % in 1967 and a record low of 66.104 % in 2007. India IN: GDP: % of GDP: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

India IN: GDP: % of GDP: Final Consumption Expenditure: Household data was reported at 58.853 % in 2017. This records a decrease from the previous number of 59.034 % for 2016. India IN: GDP: % of GDP: Final Consumption Expenditure: Household data is updated yearly, averaging 69.005 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 87.126 % in 1960 and a record low of 55.171 % in 2010. India IN: GDP: % of GDP: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Share of GDP. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for India (NAEXKP02INQ657S) from Q3 2011 to Q4 2024 about India, consumption expenditures, consumption, private, real, and GDP.

India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing power of the rupee. The Indian economy A significant portion of India’s economic growth comes from a shift in the workforce from the agricultural sector to the more-productive service sector. This labor force shift is particularly significant in India because of the country’s staggering population figures. As such, changes in the Indian economy have an impact on a significant portion of the world population. What does PPP mean? The Economist magazine uses the Big Mac Index to illustrate purchasing power. Since the product should be the same in every country that has a McDonalds, the Big Mac’s price should reflect the purchasing power of each local currency. For the calculation in this statistic, economists took the prices of several standard goods (though not the Big Mac) and put them at the same level based on their prices in the local currency. Thus, the power of these currencies to purchase was put on par across countries, giving purchasing power parity. As such, this statistic can be interpreted as the relative size of the Indian economy if the whole world used the Indian rupee price levels.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for India (NAEXKP02INQ189S) from Q2 1996 to Q3 2023 about India, expenditures, consumption expenditures, consumption, private, real, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for India (INDPFCEQDSMEI) from Q2 1996 to Q3 2023 about India, consumption expenditures, consumption, and private.

Graph and download economic data for Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for India (KGPPPGINA156NUPN) from 1950 to 2010 about PPP, India, per capita, consumption, government, real, and GDP.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data was reported at 6.457 % in 2022. This records a decrease from the previous number of 7.841 % for 2021. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data is updated yearly, averaging 6.183 % from Dec 1997 (Median) to 2022, with 26 observations. The data reached an all-time high of 8.130 % in 2016 and a record low of -13.312 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.Non OECD Member.OECD.EO: Forecast: GDP: Growth and Contribution to Growth: Annual. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

India IN: GDP: Growth: Deflator: Final Consumption Expenditure: Private data was reported at 3.653 % in 2026. This records a decrease from the previous number of 3.814 % for 2025. India IN: GDP: Growth: Deflator: Final Consumption Expenditure: Private data is updated yearly, averaging 4.781 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 9.885 % in 2010 and a record low of 2.771 % in 2001. India IN: GDP: Growth: Deflator: Final Consumption Expenditure: Private data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. PCP_YTYPCT - Private final consumption expenditure, deflator, growth Year-on-year percentage changes

The ratio of military expenditure to gross domestic product (GDP) in India decreased to 2.43 percent compared to the previous year. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Pakistan and Afghanistan.

The Gross Domestic Product (GDP) in India was worth 3567.55 billion US dollars in 2023, according to official data from the World Bank. The GDP value of India represents 3.38 percent of the world economy. This dataset provides the latest reported value for - India GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about India Private Consumption Expenditure

• India Private Consumption Expenditure was reported at 649.865 USD bn in Dec 2024. This records an increase from the previous number of 578.739 USD bn for Sep 2024.
• India Private Consumption Expenditure data is updated quarterly, averaging 224.646 USD bn from Jun 1996 to Dec 2024, with 115 observations.
• The data reached an all-time high of 649.865 USD bn in Dec 2024 and a record low of 59.752 USD bn in Sep 1996.
• India Private Consumption Expenditure data remains in an active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Private Consumption Expenditure: USD: Quarterly.

CEIC converts quarterly Private Consumption Expenditure into USD. Ministry of Statistics and Programme Implementation provides Private Consumption Expenditure in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Private Consumption Expenditure prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.

Key information about India Investment: % of GDP

• India Investment accounted for 34.7 % of its Nominal GDP in Sep 2024, compared with a ratio of 32.8 % in the previous quarter.
• India investment share of Nominal GDP data is updated quarterly, available from Jun 2004 to Sep 2024, with an average ratio of 33.6 %.
• The data reached an all-time high of 41.2 % in Sep 2011 and a record low of 21.8 % in Jun 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation, Changes in Stocks and Valuables. Ministry of Statistics and Programme Implementation provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Investment as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Investment: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2023.

Consumer Spending in India increased to 28106.87 INR Billion in the fourth quarter of 2024 from 25056.65 INR Billion in the third quarter of 2024. This dataset provides - India Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The current health expenditure as a share of the GDP in India was forecast to continuously decrease between 2024 and 2029 by in total 0.2 percentage points. According to this forecast, in 2029, the share will have decreased for the ninth consecutive year to 3.01 percent. According to Worldbank health spending includes expenditures with regards to healthcare services and goods. It is depicted here in relation to the total gross domestic product (GDP) of the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the current health expenditure as a share of the GDP in countries like Nepal and Pakistan.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data was reported at 6.735 % in 2021. This records an increase from the previous number of -4.769 % for 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data is updated yearly, averaging 5.972 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 8.130 % in 2016 and a record low of -4.769 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

In financial year 2025, the value of private final consumption expenditure (PFCE) as a part of GDP at current prices in India was estimated to be around 200 trillion Indian rupees, an increase from the previous year. An overall monumental rise in the value of PFCE was seen over the years from financial year 2012 in the country.