India's economy is seen growing by 5.0 percent in the 2019-20 fiscal year, the slowest pace since fiscal 2008-09 and significantly slower than a 6.8 percent expansion recorded in the same period last year, according to the First Advance Estimates, released by the federal Ministry of Statistics & Programme Implementation. Manufacturing is expected to advance by only 2 percent, sharply slowing from a 6.9 percent growth in the previous financial year, as trade tensions and global economic slowdown hit activity. The economy expanded 4.5 percent year-on-year in the three months to September, the weakest pace since the first three months of 2013, mainly due to a fall in factory output and exports and a slowdown in investment. GDP Annual Growth Rate in India averaged 6.18 percent from 1951 until 2019, 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. source: Ministry of Statistics and Programme Implementation (MOSPI)

GDP Annual Growth Rate in India is expected to be 5.00 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 6.20 in 12 months time. In the long-term, the India GDP Annual Growth Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

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India GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 5.00 11.40 -5.20 1951 - 2019 percent Quarterly
NSA, 2011-12 Prices



Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 12:00 PM GDP Growth Rate YoY Q4 6.6% 7% 6.9% 7%
2019-05-31 12:00 PM GDP Growth Rate YoY Q1 5.8% 6.6% 6.3% 6.1%
2019-08-30 12:00 PM GDP Growth Rate YoY Q2 5% 5.8% 5.7% 5.6%
2019-11-29 12:00 PM GDP Growth Rate YoY Q3 4.5% 5% 4.7% 4.7%
2020-01-31 12:00 PM Fiscal Year GDP Growth Final 2019-20 6.8% 5%


News Stream
2019-11-29
India GDP Growth Lowest since 2013
The Indian economy expanded 4.5 percent year-on-year in the third quarter of 2019, below 5 percent in the previous period and market expectations of 4.7 percent. Figures showed the economy eased for the fifth consecutive quarter, and grew at the weakest pace since the first three months of 2013, mainly due to a fall in factory output and exports and a slowdown in investment. The government already announced several measures to boost growth including a reduction in corporate taxes, concessions on vehicle purchases, bank recapitalisation. Meanwhile, the central bank already cut borrowing cost 5 times this year and is seen lowering rates again next week.

2019-08-30
Indian GDP Growth Weakest in Over 6 Years
The Indian economy advanced 5 percent year-on-year in the second quarter of 2019, slowing from a 5.8 percent expansion in the prior period and missing market consensus of 5.7 percent. It was the weakest growth rate since the first quarter of 2013, amid a slowdown in manufacturing and construction sectors.

2019-05-31
India Q1 GDP Growth Slows to 5-Year Low
The Indian economy advanced 5.8 percent year-on-year in the first quarter of 2019, slowing from a 6.6 percent expansion in the previous period and missing market expectations of 6.3 percent. It was the weakest growth rate since the first quarter of 2014, amid weaker consumer demand and fixed investment.

2019-02-28
India GDP Grows Less than Expected in Q4
The Indian economy advanced 6.6 percent year-on-year in the last three months of 2018, below a downwardly revised 7 percent expansion in the previous period and market expectations of 6.9 percent. It is the lowest growth rate in five quarters as weak consumer demand and government spending held back expansion.

2019-01-31
India 2017/2018 GDP Growth Revised Up to 7.2%
The Indian economy advanced 7.2 percent in the 2017/2018 fiscal year (April 2017-March 2018), higher than a preliminary estimate of 6.7 percent and after an upwardly revised 8.2 percent growth in the previous fiscal year. Gross Value Added, that is, GDP excluding taxes, advanced 6.9 percent, compared to 7.9 percent in 2016/2017. The tertiary sector accounted for 53.5 percent of total output and rose 8.1 percent (8.4 percent in the previous fiscal year). The secondary one accounted for 27 percent and went up 6 percent (7.5 percent) and the primary one for the remaining 19.5 percent and advanced 5 percent (6.8 percent).


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.

India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.30 5.80 -1.80 percent [+]
GDP Annual Growth Rate 4.50 5.00 11.40 -5.20 percent [+]
GDP 2726.32 2652.55 2726.32 37.03 USD Billion [+]
GDP Constant Prices 35993.34 35851.75 37198.30 7500.43 INR Billion [+]
Gross National Product 13954956.00 12865461.00 13954956.00 8659505.00 INR Tens Of Million [+]
Gross Fixed Capital Formation 11276.75 11663.34 11690.21 2021.90 INR Billion [+]
GDP per capita 2104.20 1987.30 2104.20 330.20 USD [+]
GDP per capita PPP 6899.20 6516.20 6899.20 1887.00 USD [+]
GDP From Agriculture 3651.61 4335.47 5869.41 2690.74 INR Billion [+]
GDP From Construction 2621.49 2812.62 2812.62 1861.37 INR Billion [+]
GDP From Manufacturing 5765.60 5681.04 6167.49 3331.04 INR Billion [+]
GDP From Mining 727.76 988.87 1139.86 556.18 INR Billion [+]
GDP From Public Administration 4674.34 4166.28 4674.34 2328.98 INR Billion [+]
GDP From Utilities 766.25 786.82 786.82 463.02 INR Billion [+]