Share of nominal private final consumption expenditure in GDP in India FY 2011-2023
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.