India | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for India including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the India economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.50 1.8 1.6 1.5 1.7 1.3 percent [+]
Unemployment Rate 4.90 4.8 4.8 4.7 4.8 4.6 percent [+]
Inflation Rate 2.18 2 2 3 3.2 4.8 percent [+]
Interest Rate 6.25 6.25 6.25 6.25 6.25 4.75 percent [+]
Balance of Trade -13841.70 -13200 -13000 -14800 -16500 -11100 USD Million [+]
Government Debt to GDP 69.50 69 69 69 69.2 70 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 64.50 64.92 65.57 67.49 66.85 77.14 [+]
Stock Market 30942.78 30900 30500 29600 29900 24900 points [+]
Government Bond 10Y 6.50 6.54 6.61 6.67 6.74 7.78 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.50 1.8 1.6 1.5 1.7 1.3 percent [+]
GDP Annual Growth Rate 6.10 6.5 7 7.1 6.9 5.7 percent [+]
GDP 2088.80 2190 2190 2190 2300 3100 USD Billion [+]
GDP Constant Prices 32284.27 33900 35000 36200 39600 48500 INR Billion [+]
Gross National Product 12034713.00 11480035 11655294 11830552 11785169 11344072 INR Tens Of Million [+]
Gross Fixed Capital Formation 9190.40 8400 8850 9303 9364 11000 INR Billion [+]
GDP per capita 1751.70 2000 2000 2000 2500 3500 USD [+]
GDP per capita PPP 5733.45 6100 6100 6100 6500 7000 USD [+]
GDP From Agriculture 4493.13 3966 3302 5537 4546 4130 INR Billion [+]
GDP From Construction 2197.52 2298 2225 2290 2236 2530 INR Billion [+]
GDP From Manufacturing 5331.94 5098 5140 5133 5134 4620 INR Billion [+]
GDP From Mining 988.17 920 950 960 835 925 INR Billion [+]
GDP From Public Administration 3709.73 3661 3708 3662 3707 3668 INR Billion [+]
GDP From Utilities 593.20 610 614 620 627 713 INR Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.90 4.8 4.8 4.7 4.8 4.6 percent [+]
Employed Persons 29650.00 29785 30013 30240 30312 32200 Thousand [+]
Unemployed Persons 48.26 49.11 49.55 49.99 50.31 54.44 Million [+]
Labor Force Participation Rate 52.50 51.9 51.51 52.45 51.46 55.32 percent [+]
Population 1299.00 1305 1309 1311 1315 1340 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Living Wage Family 19735.10 20900 21400 22000 22500 27000 INR/Month [+]
Living Wage Individual 12109.80 12600 12500 13000 13100 18000 INR/Month [+]
Wages 272.19 280 284 289 292 356 INR/Day [+]
Wages High Skilled 50300.00 52500 53100 54500 57000 87500 INR/Month [+]
Wages In Manufacturing 347.30 378 382 400 402 425 INR/Day [+]
Wages Low Skilled 11900.00 14000 14600 15000 15400 18000 INR/Month [+]
Youth Unemployment Rate 12.90 15.5 15.5 15.5 15.5 13.5 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.18 2 2 3 3.2 4.8 percent [+]
Consumer Price Index CPI 131.40 132 133 134 137 158 Index Points [+]
GDP Deflator 124.60 126 129 133 135 150 Index Points [+]
Producer Prices 112.80 192 196 200 205 250 Index Points [+]
Producer Prices Change 2.17 2 1.9 3.1 3.4 5.9 percent [+]
Export Prices 300.00 309 309 310 310 359 Index Points [+]
Import Prices 518.00 532 532 531 500 510 Index Points [+]
Food Inflation -1.05 -0.5 0.7 1 1.1 3.3 percent [+]
Cpi Transportation 116.70 117 120 122 125 151 Index Points [+]
Inflation Rate Mom 0.23 0.1 0.3 0.4 0.5 0.32 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 6.25 6.25 6.25 6.25 6.25 4.75 percent [+]
Cash Reserve Ratio 4.00 4 4 4 4 4 percent [+]
Interbank Rate 6.27 6.56 6.3 6.3 6.27 5.5 percent [+]
Money Supply M1 26094.90 22964 24119 23726 23434 23650 INR Billion [+]
Money Supply M2 27373.59 27423 25579 26341 26104 26150 INR Billion [+]
Money Supply M3 127840.78 128468 130455 132844 135265 161618 INR Billion [+]
Central Bank Balance Sheet 17878.30 18512 19485 18971 19089 19092 INR Billions [+]
Foreign Exchange Reserves 381960.00 383118 388491 391375 392915 394680 USD Million [+]
Loan Growth 6.00 6.9 6.8 7.9 5.95 7 percent [+]
Reverse Repo Rate 6.00 5.83 6.12 6.2 6.24 6.31 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -13841.70 -13200 -13000 -14800 -16500 -11100 USD Million [+]
Exports 24014.62 24300 25500 25000 24700 28900 USD Million [+]
Imports 37856.30 37500 38500 39800 41200 40000 USD Million [+]
Current Account -3432.97 -4100 -3500 -4200 -3400 -2460 USD Million [+]
Current Account to GDP -0.70 -1.25 -1.25 -1.25 -1.3 -1.2 percent [+]
External Debt 456100.00 444000 443000 434000 428000 382000 USD Million [+]
Terms of Trade 57.90 63.83 66.3 68.77 69.57 66 Index Points [+]
Capital Flows 23.54 10.45 16.27 5.19 6.52 8.02 USD Million [+]
Foreign Direct Investment 3581.00 2946 2787 2766 2768 2768 USD Million [+]
Remittances 9533.93 9578 9638 9617 9617 9625 USD Million [+]
Tourist Arrivals 630000.00 620512 739156 804917 754026 762000 [+]
Gold Reserves 557.77 558 558 558 558 558 Tonnes [+]
Crude Oil Production 745.00 743 743 743 743 743 BBL/D/1K [+]
Terrorism Index 7.48 7.52 7.48 7.45 7.45 7.7 [+]
Weapons Sales 42.00 36.58 35.99 35.39 33.23 19.78 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 69.50 69 69 69 69.2 70 percent [+]
Government Budget -3.50 -3.5 -3.5 -3.5 -3.3 -2.5 percent of GDP [+]
Government Budget Value -2056.22 -3006 -4437 -4088 -4024 -1220 INR Billion [+]
Government Spending 3021.61 3605 3983 3120 3347 3520 INR Billion [+]
Government Revenues 365.29 1793 6514 6844 4988 5682 INR Billion [+]
Fiscal Expenditure 2421.51 4762 11601 10842 9110 9928 INR Billion [+]
Military Expenditure 55630.70 55123 56371 57619 57960 61245 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 57.20 55 54.5 56 56.8 59 [+]
Manufacturing PMI 51.60 52 52.8 53.3 52.8 51.2 [+]
Services PMI 52.20 52 53 54 52.9 51.9 Index Points [+]
Industrial Production 3.10 2.9 3.1 3.4 4.2 6.5 percent [+]
Industrial Production Mom -10.30 -0.49 0.3 -0.11 0.41 0.87 percent [+]
Manufacturing Production 2.60 2.3 2.4 2.7 3.5 5.6 percent [+]
Changes in Inventories 768.62 752 748 750 743 735 INR Billion [+]
Car Production 237378.00 231591 246274 241237 243157 242609 Units [+]
Car Registrations 232001.00 236929 243958 241786 242341 242247 Cars [+]
Cement Production 23773.00 25019 23554 23116 23403 23463 Thousands of Tonnes [+]
Competitiveness Index 4.52 4.52 4.52 4.52 4.61 5.51 Points [+]
Competitiveness Rank 39.00 55 55 55 45 51 [+]
Composite Pmi 52.50 52 52.4 52.9 53 51.6 [+]
Corruption Index 40.00 38 38 38 40 42 Points [+]
Corruption Rank 79.00 76 79 76 79 72 [+]
Ease of Doing Business 130.00 1290 129 129 133 126 [+]
Steel Production 8500.00 8329 8268 8375 8380 8362 Thousand Tonnes [+]
Mining Production 4.20 3.5 4.1 4.3 3.9 2.1 percent [+]
Mni Business Sentiment 66.00 66.4 67 68 66.3 62 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 136.00 137 138 140 139 133 [+]
Consumer Spending 18483.00 18700 19100 19700 19950 21000 INR Billion [+]
Disposable Personal Income 154965120.00 159221876 163960285 168698694 172029365 231000000 INR Million [+]
Personal Savings 26099.21 26928 27213 27498 27930 31398 INR Billion [+]
Bank Lending Rate 9.60 9.7 9.7 9.7 9.7 7.5 percent [+]
Gasoline Prices 1.04 1.02 1.03 0.97 0.96 0.86 USD/Liter [+]
Households Debt To Gdp 10.20 10.19 10.19 10.18 10.17 10.14 percent of GDP [+]
Mni Consumer Sentiment 112.70 113 113 112 112 113 [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 238.00 247 249 251 252 264 Index Points [+]
Construction Output 2.50 2.2 3.6 4.4 3.9 3 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 34.61 34.61 34.63 34 34 33 percent [+]
Personal Income Tax Rate 35.54 35.54 35.54 35.54 35.54 35.54 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
Social Security Rate 24.00 24 24 24 24 24 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 12.00 12 12 12 12 12 percent [+]