India: Household consumption, percent of GDP

For that indicator, we provide data for India from 1960 to 2021. The average value for India during that period was 69.35 percent with a minimum of 54.72 percent in 2010 and a maximum of 87.38 percent in 1960. The latest value from 2021 is 59.56 percent. For comparison, the world average in 2021 based on 153 countries is 62.13 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: 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.