India GDP Annual Growth Rate

The Indian economy advanced 7.1 percent year-on-year in the third quarter of 2018, well below 8.2 percent in the previous period and market expectations of 7.4 percent. It is the lowest growth rate in three quarters, mainly due to a slowdown in consumer spending amid high oil prices and a weaker rupee. Also, inventories, financial services, manufacturing and the farm sector rose less. GDP Annual Growth Rate in India averaged 6.17 percent from 1951 until 2018, 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.

GDP Annual Growth Rate in India is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in India to stand at 6.90 in 12 months time. In the long-term, the India GDP Annual Growth Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.

1Y 5Y 10Y MAX

width

height

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-02-28	12:00 PM	GDP Growth Rate YoY	7.2%	6.5%	6.9%	6.5%
2018-05-31	12:00 PM	GDP Growth Rate YoY	7.7%	7%	7.3%	7.3%
2018-08-31	12:00 PM	GDP Growth Rate YoY	8.2%	7.7%	7.6%	7.5%
2018-11-30	12:00 PM	GDP Growth Rate YoY	7.1%	8.2%	7.4%	7.4%
2019-01-31	12:00 PM	Fiscal Year GDP Growth				7.5%
2019-02-28	12:00 PM	Fiscal Year GDP Growth Final				7.5%
2019-02-28	12:00 PM	GDP Growth Rate YoY		7.1%		7.5%

India GDP Growth Slows More than Anticipated

The Indian economy advanced 7.1 percent year-on-year in the third quarter of 2018, well below 8.2 percent in the previous period and market expectations of 7.4 percent. It is the lowest growth rate in three quarters, mainly due to a slowdown in consumer spending amid high oil prices and a weaker rupee. Also, inventories, financial services, manufacturing and the farm sector rose less.

Household spending (7 percent compared to 8.6 percent in the previous period) and inventories (3.8 percent compared to 8.6 percent) slowed. On the other hand, government spending (12.7 percent compared to 7.6 percent), gross fixed capital formation (12.5 percent compared to 10 percent), exports (13.4 percent compared to 12.7 percent) and imports (25.6 percent compared to 12.5 percent) rose faster. Household spending accounted for 54.5 percent of the GDP (54.9 percent in Q2); gross fixed capital formation for 32.3 percent (31.6 percent in Q2); public expenditure for 12.4 percent (11.8 percent in Q2); and changes in stocks for 0.7 percent, the same as in Q2. Exports accounted for 21.8 percent (21.4 percent in Q2) while imports subtracted 26.6 percent (-24.7 percent in Q2).

Gross Value Added, that is, GDP excluding taxes expanded 6.9 percent, below 8 percent in the previous period. A slowdown was seen in financial, real estate and professional services (6.3 percent compared to 6.5 percent); manufacturing (7.4 percent compared to 13.5 percent in the previous period); agriculture, forestry and fishing (3.8 percent compared to 5.3 percent); and construction (7.8 percent compared to 8.7 percent); and mining shrank (-2.4 percent compared to 0.1 percent). On the other side, faster increases were seen for trade, hotel, transport, communication and services related to broadcasting (6.8 percent compared to 6.7 percent); and public administration and defence (10.9 percent compared to 9.9 percent).

Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2018 1:39:34 PM

News

India GDP Growth Highest in Over 2 Years
The Indian economy grew 8.2 percent year-on-year in the second quarter of 2018, above 7.7 percent in the previous three months and beating market expectations of 7.6 percent. It is the strongest growth rate since the first quarter of 2016, boosted by household spending, financial, real estate and manufacturing activities.
Published on 2018-08-31

India GDP Growth Beats Forecasts at 7.7% in Q1
The Indian economy expanded 7.7 percent year-on-year in the first three months of 2018, higher than a downwardly revised 7 percent advance in the previous quarter and beating market forecasts of a 7.3 percent growth. It is the highest growth rate since the second quarter of 2016, boosted by a jump in investment. On the production side, manufacturing, agriculture and construction were the main contributors to growth.
Published on 2018-05-31

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.
Published on 2018-02-28

India GDP Growth Below Expectations in Q3
The Indian economy expanded 6.3 percent yoy in Q3, above a 5.7 percent in Q2 which was the lowest in nearly 3 years, but below expectations of a 6.4 percent. A rebound in investment and inventories offset a slowdown in both private and public spending.
Published on 2017-11-30

India GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.90	2.00	5.40	-1.70	percent	[+]
GDP Annual Growth Rate	7.10	8.20	11.40	-5.20	percent	[+]
GDP	2597.49	2274.20	2597.49	36.54	USD Billion	[+]
GDP Constant Prices	33976.20	33739.83	34768.27	7500.43	INR Billion	[+]
Gross National Product	12865461.00	12051525.00	12865461.00	8659505.00	INR Tens Of Million	[+]
Gross Fixed Capital Formation	10986.75	10652.17	11185.28	2021.90	INR Billion	[+]
GDP per capita	1963.55	1862.40	1963.55	304.20	USD	[+]
GDP per capita PPP	6426.67	6095.70	6426.67	1737.60	USD	[+]
GDP From Agriculture	3461.02	4197.47	5666.82	2690.74	INR Billion	[+]
GDP From Construction	2378.36	2491.03	2491.03	1861.37	INR Billion	[+]
GDP From Manufacturing	5841.64	5690.94	5942.29	3331.04	INR Billion	[+]
GDP From Mining	748.41	1009.54	1151.85	556.18	INR Billion	[+]
GDP From Public Administration	4227.70	3922.11	4227.70	2328.98	INR Billion	[+]
GDP From Utilities	728.58	713.83	728.58	463.02	INR Billion	[+]

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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.10	8.20	11.40	-5.20	1951 - 2018	percent	Quarterly	NSA, 2011-12 Prices

Export Data API

Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Spain	2.40	Sep/18	2.5	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Dec/18	2.3	19 : -8.8	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.4	9.7 : -6.1	%
France	1.40	Sep/18	1.7	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%