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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Government Expense (% of GDP) fell to 13.33 Percent in December 2022
World BankYearlyReleased December 2022
India Government Expense (% of GDP) fell to 13.33 Percent in December 2022, down 2.33 Percent from November's 15.66 Percent reading.
Latest Release
13.333518
Actual
—
Consensus
15.663132
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (India) was reported at 13.33 Percent in December 2022. The reading fell from the previous value of 15.66 Percent. This is classified as a medium-impact indicator released on a yearly basis.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production YoY (May 28) and Manufacturing Production YoY (May 28).
Auto-generated from current model state · Refreshes on each release · Last update December 2022.
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Government Expense (% of GDP) - IN
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About Government Expense (% of GDP) — India
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:30 | IN | Industrial Production YoY | 4.1 | 3.5 | 3.50 | Medium | |
| 10:30 | IN | Manufacturing Production YoY | 4.3 | 3.7 | 3.70 | Medium | |