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.

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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

Recent Releases

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 Growth at Over 3-Year Low of 5.7% in Q2
The Indian economy expanded 5.7 percent year-on-year in the second quarter of 2017, below 6.1 percent in the previous period and market expectations of 6.6 percent. It remains the weakest growth rate since the first quarter of 2014 due to a slowdown in consumer spending and exports. On the production side, manufacturing and agriculture eased. Figures for the second quarter of 2017 mark the third consecutive period of slowing growth, following the demonetization program started in November of 2016 that removed 86 percent of India's currency in circulation.
Published on 2017-08-31

India GDP Growth Unexpectedly Slows To 6.1% In Q1
The Indian economy advanced 6.1 percent year-on-year in the first quarter of 2017, slowing sharply from a 7 percent expansion in the previous period and well below market expectations of 7.1 percent. It is the lowest growth rate since the last quarter of 2014, due to a slowdown in consumer spending and a drop in investment, following the demonetization program started in November of 2016 that removed 86 percent of India's currency in circulation. In addition, the government changed the GDP base year for 2011-2012 from 2004-2005. The same change was made earlier for industrial production and wholesale prices indexes, with adjustments in the weights of the different industries. Considering the April 2016-March 2017 period, the economy advanced 7.1 percent, in line with the official estimate but below 8 percent in the previous year.
Published on 2017-05-31

India GDP Growth Beats Expectations in Q4
The Indian economy advanced 7 percent year-on-year in the last three months of 2016, slowing from an upwardly revised 7.4 percent rise in the previous quarter but beating expectations of a 6.4 percent growth. The expansion was mainly driven by a surge public spending and agriculture. The GDP is expected to grow 7.1 percent in the fiscal year ending in March 2017.
Published on 2017-03-02

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%
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

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	7.30	Dec/17	11.3	11.7	-14.4	%	Quarterly
India	7.20	Dec/17	6.5	11.4	-5.2	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.06	Mar/18	5.19	7.16	1.56	%	Quarterly
Canada	2.90	Dec/17	3	8.8	-4.1	%	Quarterly
Spain	2.90	Mar/18	3.1	5.6	-4.3	%	Quarterly
United States	2.90	Mar/18	2.6	13.4	-4.1	%	Quarterly
Netherlands	2.80	Mar/18	2.9	6.1	-4.9	%	Quarterly
South Korea	2.80	Mar/18	2.8	19.6	-7.4	%	Quarterly
Euro Area	2.50	Mar/18	2.8	5	-5.5	%	Quarterly
Australia	2.40	Dec/17	2.9	9	-3.5	%	Quarterly
Germany	2.30	Mar/18	2.9	7.2	-6.8	%	Quarterly
Brazil	2.10	Dec/17	1.4	10.1	-5.6	%	Quarterly
France	2.10	Mar/18	2.6	12.5	-3.8	%	Quarterly
Switzerland	1.90	Dec/17	1.2	5.8	-3.4	%	Quarterly
Italy	1.40	Mar/18	1.6	10.3	-7.2	%	Quarterly
Russia	1.30	Mar/18	0.9	12.1	-11.2	%	Quarterly
Mexico	1.20	Mar/18	1.5	9	-9.1	%	Quarterly
United Kingdom	1.20	Mar/18	1.4	9.7	-5.9	%	Quarterly
Japan	0.90	Mar/18	1.8	9.4	-8.8	%	Quarterly