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

The Indian economy expanded 7.7 percent year-on-year in the first three months of 2018, higher than a downwardly revised 7 percent in the previous quarter and beating market forecasts of a 7.3 percent. It is the strongest growth rate in seven quarters as manufacturing and investments grew at a faster pace. GDP Annual Growth Rate in India averaged 6.15 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.

India GDP Annual Growth Rate
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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.

Government spending recorded the highest growth rate (16.8 percent compared to 6.8 percent in Q4), followed by gross fixed capital formation (14.4 percent compared to 9.1 percent), stocks (7.8 percent compared to 7.2 percent) and household consumption (6.7 percent compared to 5.9 percent). On the other hand, exports slowed (3.6 percent compared to 6.2 percent) and imports rose faster (10.9 percent compared to 10.5 percent). Household spending accounted for 54.6 percent of the GDP; gross fixed capital formation for 32.2 percent; public expenditure for 9.5 percent; and changes in stocks for 0.7 percent. Exports accounted for 19.5 percent while imports subtracted 20.9 percent. 

Gross Value Added, that is, GDP excluding taxes expanded 7.6 percent, higher than 6.6 percent in Q4. Faster growth was recorded for manufacturing (9.1 percent compared to 8.5 percent in Q4); agriculture, forestry and fishing (4.5 percent compared to 3.1 percent in Q4); public administration and defense (13.3 percent compared to 7.7 percent); construction (11.5 percent compared to 6.6 percent); mining and quarrying (2.7 percent compared to 1.4 percent); and utilities (7.7 percent compared to 6.1 percent). On the other hand, slowdowns were seen in trade, hotels, transport, communication and services related to broadcasting (6.8 percent compared to 8.5 percent); and finance, real estate and professional services (5 percent compared to 6.9 percent).

Considering the 2017/2018 financial year (April 2017 to March 2018), the economy expanded 6.7 percent, below 7.1 percent a year earlier, but in line with government estimates of 6.75 percent.


Joana Taborda | joana.taborda@tradingeconomics.com
5/31/2018 1:56:21 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 12:00 PM GDP Growth Rate YoY 7.2% 6.5% 6.9% 6.5%
2018-02-28 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 7.7% 7% 7.3% 7.3%
2018-08-31 12:00 PM GDP Growth Rate YoY 7.7% 7.3%
2018-11-30 12:00 PM GDP Growth Rate YoY 7.4%


India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.90 1.80 5.40 -1.70 percent [+]
GDP Annual Growth Rate 7.70 7.00 11.40 -5.20 percent [+]
GDP 2597.49 2274.20 2597.49 36.54 USD Billion [+]
GDP Constant Prices 34768.27 32434.89 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 11185.28 10240.06 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 4759.48 5666.82 5666.82 2690.74 INR Billion [+]
GDP From Construction 2413.76 2373.76 2413.76 1861.37 INR Billion [+]
GDP From Manufacturing 5942.29 5267.57 5942.29 3331.04 INR Billion [+]
GDP From Mining 1151.85 892.66 1151.85 556.18 INR Billion [+]
GDP From Public Administration 4156.96 4012.02 4156.96 2328.98 INR Billion [+]
GDP From Utilities 650.72 641.71 667.17 463.02 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.70 7.00 11.40 -5.20 1951 - 2018 percent Quarterly
NSA, 2011-12 Prices




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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