India | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.80 0.4 0.8 1.5 1.5 1.3 percent [+]
Unemployment Rate 4.90 4.8 4.8 4.8 4.7 4.6 percent [+]
Inflation Rate 3.41 3 2.9 3.4 3.7 4.8 percent [+]
Interest Rate 6.25 6 5.75 5.75 5.5 4.75 percent [+]
Balance of Trade -10369.40 -7800 -7700 -8000 -7800 -10100 USD Million [+]
Government Debt to GDP 69.00 67 67 67 67 70 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 68.08 69.56 70.25 70.93 71.61 81.84 [+]
Stock Market 27034.50 25700 25400 25200 24900 21000 points [+]
Government Bond 10Y 6.47 6.72 6.79 6.85 6.3 7.91 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.80 0.4 0.8 1.5 1.5 1.3 percent [+]
GDP Annual Growth Rate 7.30 6.5 6.5 7 7.1 5.7 percent [+]
GDP 2095.40 2190 2190 2190 2190 3100 USD Billion [+]
GDP Constant Prices 29628.34 31900 32500 33900 35000 48500 INR Billion [+]
Gross National Product 56738.60 57299 57886 58473 59059 72139 INR Billion [+]
Gross Fixed Capital Formation 8583.37 8350 8400 8850 9055 11000 INR Billion [+]
GDP per capita 1750.60 2000 2000 2000 2000 3500 USD [+]
GDP per capita PPP 5730.14 6100 6100 6100 6100 7000 USD [+]
GDP From Agriculture 3095.38 4125 3766 3921 3891 4130 IND Billion [+]
GDP From Construction 2186.76 2280 2304 2226 2222 2530 IND Billion [+]
GDP From Manufacturing 4841.50 5191 5199 5129 4946 4620 IND Billion [+]
GDP From Mining 629.22 913 920 950 960 925 IND Billion [+]
GDP From Public Administration 3861.96 3859 3761 3857 3763 3775 IND Billion [+]
GDP From Utilities 609.94 604 610 614 620 713 IND Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.90 4.8 4.8 4.8 4.7 4.6 percent [+]
Employed Persons 29650.00 29558 29785 30013 30240 32200 Thousand [+]
Unemployed Persons 44.79 42.35 44.01 45.68 47.34 55.96 Million [+]
Labor Force Participation Rate 52.50 52.29 51.9 51.51 52.45 55.32 percent [+]
Population 1254.02 1260 1263 1266 1268 1324 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Living Wage Family 32200.00 32300 33100 33200 33400 38000 INR/Month [+]
Living Wage Individual 12500.00 13400 13800 14200 14500 20000 INR/Month [+]
Wages 272.19 276 280 284 289 356 INR/Day [+]
Wages High Skilled 50300.00 52000 52500 53100 54500 87500 INR/Month [+]
Wages In Manufacturing 347.30 362 370 378 382 425 INR/Day [+]
Wages Low Skilled 11900.00 13500 14000 14600 15000 18000 INR/Month [+]
Youth Unemployment Rate 12.90 15.5 15.5 15.5 15.5 13.5 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.41 3 2.9 3.4 3.7 4.8 percent [+]
Consumer Price Index CPI 130.40 129 128 130 132 158 Index Points [+]
GDP Deflator 119.50 120 120 123 127 140 Index Points [+]
Producer Prices 182.80 180 183 186 190 250 Index Points [+]
Producer Prices Change 3.39 2.6 2.4 2.8 3.2 5.9 percent [+]
Export Prices 300.00 308 309 309 310 359 Index Points [+]
Import Prices 518.00 530 532 532 531 510 Index Points [+]
Food Inflation 1.37 2.8 2.7 2.7 3 3.3 percent [+]
Cpi Transportation 116.00 113 112 113 114 119 Index Points [+]
Inflation Rate Mom -0.61 0.1 0.1 0.3 0.45 0.32 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 6.25 6 5.75 5.75 5.5 4.75 percent [+]
Cash Reserve Ratio 4.00 4 4 4 4 4 percent [+]
Interbank Rate 6.27 6.56 6.56 6.3 6.3 5.5 percent [+]
Money Supply M1 21221.30 28772 29394 30028 30660 38142 INR Billion [+]
Money Supply M2 20657.98 18359 18930 17080 17706 17154 INR Billion [+]
Money Supply M3 121452.41 123895 125816 127773 129752 153012 INR Billion [+]
Foreign Exchange Reserves 359840.00 356869 355160 354242 353749 353178 USD Million [+]
Central Bank Balance Sheet 23419.03 19607 19757 19794 19801 19802 INR Billions [+]
Loan Growth 5.10 7 6.9 6.8 7.9 7 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -10369.40 -7800 -7700 -8000 -7800 -10100 USD Million [+]
Exports 23884.97 22000 22300 22500 23000 28900 USD Million [+]
Imports 34254.30 29800 30000 30500 30800 39000 USD Million [+]
Current Account -3400.00 -50 -250 -1000 -1500 -1460 USD Million [+]
Current Account to GDP -1.25 -1.25 -1.25 -1.25 -1.25 -0.7 percent [+]
External Debt 484300.00 491000 493000 495000 498000 521000 USD Million [+]
Terms of Trade 57.90 61.36 63.83 66.3 68.77 76 Index Points [+]
Capital Flows -17.51 -26.46 13.18 17.03 26.54 14.43 USD Million [+]
Foreign Direct Investment 2043.00 3329 3371 3371 3369 3369 USD Million [+]
Remittances 9942.81 9481 9645 9577 9477 9548 USD Million [+]
Tourist Arrivals 891000.00 684439 677786 701614 699445 762000 [+]
Gold Reserves 557.77 558 558 558 558 558 Tonnes [+]
Crude Oil Production 736.00 736 736 736 736 736 BBL/D/1K [+]
Terrorism Index 7.48 7.55 7.52 7.48 7.45 7.7 [+]
Weapons Sales 33.00 36.1 36.09 36.09 31.89 19.68 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 69.00 67 67 67 67 70 percent [+]
Government Budget -3.50 -3.5 -3.5 -3.5 -3.5 -1.5 percent of GDP [+]
Government Budget Value -4580.00 -3969 -4054 -4069 -4055 -1220 INR Billion [+]
Government Spending 3839.06 2753 3575 3887 3120 3520 INR Billion [+]
Government Revenues 8286.00 4108 4887 5497 5051 5125 INR Billion [+]
Fiscal Expenditure 12866.81 8160 9136 9558 9156 9252 INR Billion [+]
Military Expenditure 51115.90 51932 51617 51302 51305 53020 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 57.20 54.6 55 54.5 56 59 [+]
Manufacturing PMI 49.60 48.7 49.8 50.8 51 51.2 [+]
Services PMI 46.80 48.7 49 50.2 51 51.9 Index Points [+]
Industrial Production 5.70 1 1.1 2.3 2.4 1.5 percent [+]
Industrial Production Mom -1.29 0.44 0.41 0.3 0.49 0.87 percent [+]
Manufacturing Production 5.50 0.5 0.4 1 1.12 2.6 percent [+]
Changes in Inventories 534.62 528 523 521 518 516 INR Billion [+]
Car Production 208045.00 248030 244590 246154 245442 245663 Units [+]
Car Registrations 233289.00 245329 244113 244141 244251 244204 Cars [+]
Cement Production 20516.00 23918 23981 23393 23144 23275 Thousands of Tonnes [+]
Competitiveness Index 4.52 4.35 4.35 4.35 4.35 4.51 Points [+]
Competitiveness Rank 39.00 55 55 55 55 51 [+]
Composite Pmi 47.60 51.85 53.78 51.85 52.08 52.19 [+]
Corruption Index 38.00 38 38 38 38 42 Points [+]
Corruption Rank 76.00 76 76 73.83 76 72 [+]
Ease of Doing Business 130.00 129 1290 129 129 126 [+]
Steel Production 8010.00 8127 8092 8100 8105 8103 Thousand Tonnes [+]
Mining Production 3.90 1.8 1.5 1.1 1.3 2.1 percent [+]
Mni Business Sentiment 66.00 63.4 63.4 64 64.29 64.7 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 133.00 125 127 133 132 133 [+]
Consumer Spending 16256.19 15300 15900 18100 19700 21000 INR Billion [+]
Disposable Personal Income 138192890.00 143542248 145751233 147960218 150169203 231000000 INR Million [+]
Personal Savings 22124.14 22826 23176 23525 23874 33116 INR Billion [+]
Bank Lending Rate 9.65 9.7 9.7 9.2 9.2 7.5 percent [+]
Gasoline Prices 1.04 1.06 1.04 1.04 0.96 0.84 USD/Liter [+]
Households Debt To Gdp 10.30 10.59 10.65 10.7 10.74 10.98 percent of GDP [+]
Mni Consumer Sentiment 112.70 112 112 112 112 112 [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 238.00 247 247 249 251 264 Index Points [+]
Construction Output 4.90 4 4.2 4.5 4.4 3 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 34.61 34.61 34.61 34.61 34 33 percent [+]
Personal Income Tax Rate 35.54 35.54 35.54 35.54 35.54 35.54 percent [+]
Sales Tax Rate 15.00 15 15 15 15 18 percent [+]
Social Security Rate 24.00 24 24 24 24 24 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 12.00 12 12 12 12 12 percent [+]





Economic Forecasts for India including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the India economy. 1/22/2017