India's economy expanded by 8.4 percent year-on-year in July-September 2021, following a record 20.1 percent growth in the previous three-month period and matching market expectations. The reading marked a fourth straight quarter of expansion, as coronavirus-related disruptions continued to ease and as the economic activity rebounded helped by a faster pace of vaccinations and a drop in cases. By sectors, service activity growth was supported by increases in trade, hotels, transport & communication (8.2% vs 34.3%), financial, real estate & professional services (7.8% vs 3.7%), and public administration, defense & other services (17.4% vs 5.8%). In addition, output rose for manufacturing (5.5% vs 49.6%), mining & quarrying (15.4% vs 18.6%), utilities (8.9% vs 14.3%), construction (7.5% vs 68.3%), and agriculture (4.5%, the same as in July-September). The Reserve Bank of India has forecast annual growth of 9.5 percent in the current fiscal year. source: Ministry of Statistics and Programme Implementation (MOSPI)

GDP Annual Growth Rate in India averaged 5.81 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 January of 2022.

GDP Annual Growth Rate in India is expected to be 5.20 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 6.00 percent in 2022 and 6.50 percent in 2023, according to our econometric models.

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India GDP Annual Growth Rate


India GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
8.40 20.10 20.10 -24.40 1951 - 2021 percent Quarterly
NSA, 2011-12 Prices

Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 12:00 PM Q2 20.1% 1.6% 20% 19%
2021-11-30 12:00 PM Q3 8.4% 20.1% 8.4% 9%
2022-02-28 12:00 PM Q4 8.4%


Related Last Previous Unit Reference
GDP Growth Rate 12.70 -11.60 percent Sep/21
GDP Annual Growth Rate 8.40 20.10 percent Sep/21
GDP Constant Prices 35734.51 32380.20 INR Billion Sep/21
Gross Fixed Capital Formation 11429.07 10223.35 INR Billion Sep/21
Full Year GDP Growth 9.20 -7.30 percent Mar/22
GDP From Utilities 863.30 820.42 INR Billion Sep/21
GDP From Public Administration 4728.61 3792.05 INR Billion Sep/21
GDP From Mining 700.22 814.44 INR Billion Sep/21
GDP From Manufacturing 5867.75 5438.21 INR Billion Sep/21
GDP From Construction 2405.28 2212.56 INR Billion Sep/21
GDP From Agriculture 4076.41 4862.92 INR Billion Sep/21


News Stream
India GDP Grows 8.4% in July-September
India's economy expanded by 8.4 percent year-on-year in July-September 2021, following a record 20.1 percent growth in the previous three-month period and matching market expectations. The reading marked a fourth straight quarter of expansion, as coronavirus-related disruptions continued to ease and as the economic activity rebounded helped by a faster pace of vaccinations and a drop in cases. By sectors, service activity growth was supported by increases in trade, hotels, transport & communication (8.2% vs 34.3%), financial, real estate & professional services (7.8% vs 3.7%), and public administration, defense & other services (17.4% vs 5.8%). In addition, output rose for manufacturing (5.5% vs 49.6%), mining & quarrying (15.4% vs 18.6%), utilities (8.9% vs 14.3%), construction (7.5% vs 68.3%), and agriculture (4.5%, the same as in July-September). The Reserve Bank of India has forecast annual growth of 9.5 percent in the current fiscal year.
2021-11-30
Indian Economy Expands at a Record 20.1% in Q2
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%.
2021-08-31
India GDP Growth Beats Forecasts at 1.6% in Q1
The Indian economy expanded 1.6% year-on-year in Q1 2021, accelerating from an upwardly revised 0.5% growth in Q4 and beating market forecasts of 1%. It was the 2nd straight quarter of growth since the country exit a pandemic-induced recession. On the expenditure side, both private (2.7% vs -2.8% in Q4) and public (28.3% vs -1%) spending rebounded while gross fixed capital formation rose faster (10.9% vs 2.6%). Meantime, net trade contributed negatively to growth as exports climbed 8.8% (vs -3.5% in Q4) but imports jumped at a faster 12.3% (vs -5% in Q4). On the production side, output rose for manufacturing (6.9%); construction (14.5%) and utilities (9.1%). In the last fiscal year that ended on March 31st, the economy contracted a record 7.3%, less than earlier estimates of an 8% drop. Asia’s 3rd largest economy is expected to grow at the world’s fastest rate this year despite projections for the current quarter being more pessimistic amid the 2nd flare-up of infections in April.
2021-05-31