India: value of GFCE in GDP at current prices 2023

In fiscal year 2023, the government final consumption expenditure (GFCE) in GDP at current prices in India was estimated to be over 29 trillion Indian rupees, an increase from the previous year. Furthermore, an exponential rise in the GFCE was noted over the years from financial year 2012 in the country.

Value of government final consumption expenditure in gross domestic product at current prices in India from financial year 2012 to 2018, with estimates until 2023 (in trillion Indian rupees)

Characteristic	Value of GFCE in trillion Indian rupees
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Release date

January 2023

More information

Region

India

Survey time period

FY 2012 to FY 2018

Special properties

Base year = FY 2012

Supplementary notes

*Third revised estimates.
**Second revised estimates.
***First revised estimates.
****Provisional estimates.
*****First advanced estimates.
India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.
One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of July 2023).
Values have been rounded.

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