India Consumer Spending

Consumer Spending in India increased to 9814.63 INR Billion in the fourth quarter of 2013 from 8737.14 INR Billion in the third quarter of 2013. Consumer Spending in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI). Consumer Spending in India averaged 6914.42 INR Billion from 2004 until 2013, reaching an all time high of 9814.63 INR Billion in the fourth quarter of 2013 and a record low of 4469.88 INR Billion in the third quarter of 2004. This page provides - India Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9814.63 8737.14 9814.63 4469.88 9376.76 | 2014/06 2004 - 2013 INR Billion Quarterly
Constant Prices, NSA

TO

India Consumer Spending
LIST BY COUNTRY

Consumer Last Previous Highest Lowest Forecast Unit
Bank Lending Rate 10.25 2014-03-15 10.25 20.00 8.00 10.07 2014-06-30 Percent [+]
Consumer Spending 9814.63 2013-11-15 8737.14 9814.63 4469.88 9376.76 2014-06-30 INR Billion [+]
Disposable Personal Income 80663730.00 2012-06-29 71787870.00 80663730.00 91540.00 99999401.78 2014-06-30 INR Million [+]
Personal Savings 22124.14 2013-06-30 20547.37 22124.14 6.34 23993.92 2014-06-30 INR Billion [+]
Consumer Confidence 115.00 2013-12-31 112.00 131.00 92.00 105.30 2014-06-30 [+]
[+]


Consumer Spending | Notes
Consumer spending, also called consumer consumption or expenditure, is the amount of money that households spend on goods and services in order to satisfy their needs. It is very important measure to check the health of the economy. For example, when the consumer spending is declining it means that the economy is not performing very well. In times of recession governments try to boost consumer spending artificially by expanding tax cuts and money handouts. As a result, households are spending more thus stimulating production and employment.


RELATED NEWS

India Consumer Inflation Edges Up in March  
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In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
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In its April 1st, 2014 meeting, Reserve Bank of India decided to leave the policy repo rate unchanged at 8 percent and decided to officially start using consumer price inflation to determine its monetary policy.
India Wholesale Inflation Slows for 3rd Straight Month  
In February of 2014, Indian annual wholesale price index decelerated to 4.68 percent, reaching the lowest rate in nine months, as food and fuel prices moderated. A year ago, the inflation was recorded at 7.28 percent.
India Consumer Inflation Edges Down in February  
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.
Indian GDP Grows Below Expectations  
In the fourth quarter of 2013, Indian economic growth slowed to 4.7 percent over a year earlier, down from a 4.8 percent expansion in the previous period, hurt by a contraction in manufacturing and mining output.
India Wholesale Inflation Slows to 8-Month Low  
In January of 2014, Indian annual WPI eased for the second straight month to 5.05 percent, the lowest rate since May of 2013, as food prices slowed and mineral cost fell.
India Consumer Inflation Slows to 24-Month Low  
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
Reserve Bank of India Raises Rates  
In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
Indian WPI Slows to 5-Month Low in December  
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.
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China Cuts Reserve Ratio for Rural Banks  
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Japanese Trade Deficit Widens in March  
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