The Indian economy expanded at a record 20.1% year-on-year in Q2 2021, slightly higher than market forecasts of 20%, amid a low base effect from last year and despite a second wave of covid-19 infections and localised lockdowns. It compares with a record 24.4% slump a year earlier when the coronavirus crisis hit the economies hard. In Q2 2021, the construction sector surged 68.3%; manufacturing jumped 49.6%; trade, hotels, transport and communication 34.3%; mining 18.6%; utilities 14.3%; the farm sector 4.5%; and the financial and real estate sector 3.7%. On the consumption side, private expenditure increased 19.3%, investment 55.3%, exports 39.1% and imports 60.2% while public expenditure dropped 4.8%. source: Ministry of Statistics and Programme Implementation (MOSPI)
GDP Annual Growth Rate in India averaged 5.79 percent from 1951 until 2021, reaching an all time high of 20.10 percent in the second quarter of 2021 and a record low of -24.40 percent in the second quarter of 2020. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Annual Growth Rate in India is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India GDP Annual Growth Rate is projected to trend around 7.00 percent in 2022 and 6.50 percent in 2023, according to our econometric models.