India GDP Annual Growth Rate  1951-2018 | Data | Chart | Calendar

The Indian economy expanded 7.2 percent year-on-year in the last three months of 2017, well above an upwardly revised 6.5 percent advance in the previous period and beating market expectations of 6.9 percent. It is the strongest growth rate since the third quarter of 2016. GDP Annual Growth Rate in India averaged 6.13 percent from 1951 until 2017, reaching an all time high of 11.40 percent in the first quarter of 2010 and a record low of -5.20 percent in the fourth quarter of 1979.

India GDP Annual Growth Rate
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India GDP Growth Beats Forecasts in Q4


The Indian economy expanded 7.2 percent year-on-year in the last three months of 2017, well above an upwardly revised 6.5 percent advance in the previous period and beating market expectations of 6.9 percent. It is the strongest growth rate since the third quarter of 2016, boosted by a jump in investment and public spending.

Gross fixed capital formation surged 12 percent compared to a 6.9 percent rise in the previous period; stocks went up 6.9 percent, above 5.8 percent in Q3; and government spending expanded 6 percent, also higher than 2.9 percent in Q3. On the other hand, a slowdown was seen for private consumption (5.6 percent compared to 6.6 percent in Q3). Exports also rose less (2.5 percent compared to 6.5 percent) while imports growth accelerated (8.7 percent compared to 5.4 percent). 

Gross Value Added, that is, GDP excluding taxes expanded 6.7 percent, higher than 6.2 percent in Q3. Faster growth was recorded for agriculture, forestry and fishing (4.1 percent compared to 2.7 percent in Q3); manufacturing (8.1 percent compared to 6.9 percent); construction (6.8 percent compared to 2.8 percent); finance, real estate and professional services (6.7 percent compared to 6.4 percent); and public administration and defense (7.2 percent compared to 5.6 percent). On the other hand, slowdowns were recorded for utilities (6.1 percent compared to 7.7 percent); and trade, hotels, transport, communication and services related to broadcasting (9 percent compared to 9.3 percent); and mining and quarrying fell 0.1 percent after a 7.1 percent jump in Q3. 

Considering the 2016/2017 fiscal year (April 2016 to March 2017), the economy advanced 7.1 percent. For the 2017/2018 fiscal year, the government expectes growth at 6.6 percent, higher than an earlier estimate of 6.5 percent.


Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2018 1:09:49 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-30 12:00 PM GDP Growth Rate YoY 6.3% 5.7% 6.4% 6.5%
2018-02-28 12:00 PM GDP Growth Rate YoY 7.2% 6.5% 6.9% 6.5%
2018-02-28 12:00 PM Fiscal Year GDP Growth Final 7.1% 8.2% 7.1% 7.1%
2018-05-31 12:00 PM GDP Growth Rate YoY 7.2% 7.3% 7.3%
2018-08-31 12:00 PM GDP Growth Rate YoY 7.3%
2018-11-30 12:00 PM GDP Growth Rate YoY 7.4%


India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.80 5.40 -1.70 percent [+]
GDP Annual Growth Rate 7.20 6.50 11.40 -5.20 percent [+]
GDP 2263.79 2089.87 2263.79 36.54 USD Billion [+]
GDP Constant Prices 32495.60 31762.51 32495.60 7500.43 INR Billion [+]
Gross National Product 12865461.00 12051525.00 12865461.00 8659505.00 INR Tens Of Million [+]
Gross Fixed Capital Formation 10519.30 9848.87 10519.30 2021.90 INR Billion [+]
GDP per capita 1861.50 1758.00 1861.50 304.20 USD [+]
GDP per capita PPP 6092.60 5754.10 6092.60 1737.60 USD [+]
GDP From Agriculture 5722.27 3336.11 5722.27 2690.55 INR Billion [+]
GDP From Construction 2379.51 2198.68 2379.51 1855.78 INR Billion [+]
GDP From Manufacturing 5247.83 5425.38 5425.38 3305.81 INR Billion [+]
GDP From Mining 880.10 767.97 1008.85 551.10 INR Billion [+]
GDP From Public Administration 3994.68 3792.16 3994.68 2328.98 INR Billion [+]
GDP From Utilities 641.71 667.17 667.17 463.21 INR Billion [+]


India GDP Annual Growth Rate

By industry, the most important and the fastest growing sector of Indian economy are services. Trade, hotels, transport and communication; financing, insurance, real estate and business services and community, social and personal services account for more than 60 percent of GDP. Agriculture, forestry and fishing constitute around 12 percent of the output, but employs more than 50 percent of the labor force. Manufacturing accounts for 15 percent of GDP, construction for another 8 percent and mining, quarrying, electricity, gas and water supply for the remaining 5 percent. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.20 6.50 11.40 -5.20 1951 - 2017 percent Quarterly
NSA, 2011-12 Prices




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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