Household final consumption expenditure (US dollar) in India

The Household final consumption expenditure (US dollar) in India was last reported at 987494303528.77 in 2010, according to a World Bank report released in 2011. The Household final consumption expenditure (US dollar) in India was 795208788898.23 in 2009, according to a World Bank report, published in 2010. The Household final consumption expenditure (US dollar) in India was reported at 709605750381.18 in 2008, according to the World Bank. 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. Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for Household final consumption expenditure (US dollar) in India. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points.

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