India's economy is estimated to have grown by 8.2 percent in the 2021/22 fiscal year, slower than a 9.2 percent expansion projected in the first advance estimates amid disruptions caused by Covid-19 waves and risks stemming from the Russia-Ukraine crisis. Last month, India revised the gross domestic product reading for the 2020/21 fiscal year to a contraction of 6.6 percent, the country’s sharpest ever downturn, from a previous provisional forecast of a 7.3 percent contraction. source: Ministry of Statistics and Programme Implementation (MOSPI)
Full Year GDP Growth in India averaged 6.04 percent from 2006 until 2022, reaching an all time high of 8.50 percent in 2011 and a record low of -6.60 percent in 2021. This page includes a chart with historical data for India Full Year GDP Growth. India Fiscal Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Full Year GDP Growth in India is expected to reach 8.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Fiscal Year GDP Growth is projected to trend around 6.00 percent in 2023 and 5.50 percent in 2024, according to our econometric models.