India | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.60 1.4 1.8 1.6 1.5 1.3 percent [+]
Unemployment Rate 4.90 4.8 4.8 4.8 4.7 4.6 percent [+]
Inflation Rate 3.65 3.9 4.2 4.4 4.5 4.8 percent [+]
Interest Rate 6.25 6.25 6.25 6.25 6.25 4.75 percent [+]
Balance of Trade -8896.30 -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 65.01 67.53 68.2 68.87 70.2 80.23 [+]
Stock Market 29244.62 28700 28400 28100 27500 23200 points [+]
Government Bond 10Y 6.71 7 7.07 7.14 7.21 8.32 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.60 1.4 1.8 1.6 1.5 1.3 percent [+]
GDP Annual Growth Rate 7.00 6.5 6.5 7 7.1 5.7 percent [+]
GDP 2095.40 2190 2190 2190 2190 3100 USD Billion [+]
GDP Constant Prices 30278.93 32500 33900 35000 36200 48500 INR Billion [+]
Gross National Product 56738.60 57299 57886 58473 59059 72139 INR Billion [+]
Gross Fixed Capital Formation 8797.63 8350 8400 8850 8938 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 5418.51 3455 3309 3989 4219 4130 IND Billion [+]
GDP From Construction 2184.66 2155 2136 2163 2143 2530 IND Billion [+]
GDP From Manufacturing 4756.18 5015 5132 5074 5169 4620 IND Billion [+]
GDP From Mining 896.84 913 920 950 960 925 IND Billion [+]
GDP From Public Administration 3789.44 3742 3776 3752 3769 3762 IND Billion [+]
GDP From Utilities 594.35 604 610 614 620 713 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 48.26 48.68 49.11 49.55 49.99 54.44 Million [+]
Labor Force Participation Rate 52.50 52.29 51.9 51.51 52.45 55.32 percent [+]
Population 1299.00 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 19735.10 20100 20900 21400 22000 27000 INR/Month [+]
Living Wage Individual 12109.80 12200 12600 12500 13000 18000 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 347.30 370 378 382 400 425 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 3.65 3.9 4.2 4.4 4.5 4.8 percent [+]
Consumer Price Index CPI 130.60 131 32 134 138 158 Index Points [+]
GDP Deflator 125.40 120 120 123 127 140 Index Points [+]
Producer Prices 185.50 187 192 196 200 250 Index Points [+]
Producer Prices Change 6.55 6.7 0 7.1 7 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 2.01 2.8 2.7 2.7 3 3.3 percent [+]
Cpi Transportation 117.40 118 120 123 128 151 Index Points [+]
Inflation Rate Mom 0.23 0.1 0.1 0.3 0.4 0.32 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 6.25 6.25 6.25 6.25 6.25 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 21060.20 20577 19493 18862 18837 18606 INR Billion [+]
Money Supply M2 24161.72 24860 20071 21287 19894 19532 INR Billion [+]
Money Supply M3 124308.20 123658 125953 128020 130064 154036 INR Billion [+]
Central Bank Balance Sheet 20766.24 20187 20448 20504 20465 20473 INR Billions [+]
Foreign Exchange Reserves 366780.00 365784 367328 368115 368536 369023 USD Million [+]
Loan Growth 4.10 7 6.9 6.8 7.9 7 percent [+]
Reverse Repo Rate 5.75 5.69 5.68 5.66 5.64 5.6 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -8896.30 -7800 -7700 -8000 -7800 -10100 USD Million [+]
Exports 24490.27 22000 22300 22500 23000 28900 USD Million [+]
Imports 33386.60 29800 30000 30500 30800 39000 USD Million [+]
Current Account -7900.00 -250 -1000 -1500 -2200 -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 -19.06 -30.05 11.58 24.75 28.32 13.26 USD Million [+]
Foreign Direct Investment 3353.00 3307 3158 3160 3165 3164 USD Million [+]
Remittances 9888.18 9900 9878 9843 9835 9830 USD Million [+]
Tourist Arrivals 983000.00 775273 662169 756675 776981 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 -5641.92 -4588 -4158 -4367 -4356 -1220 INR Billion [+]
Government Spending 3165.95 3246 3443 3585 3120 3520 INR Billion [+]
Government Revenues 10534.65 5962 4122 6081 5969 5646 INR Billion [+]
Fiscal Expenditure 16176.57 10522 8453 10540 10300 10065 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 50.70 50.9 51 51.8 52.3 51.2 [+]
Services PMI 50.30 49.7 50.3 52.3 53 51.9 Index Points [+]
Industrial Production 2.70 1 1.1 2.3 2.4 1.5 percent [+]
Industrial Production Mom 3.90 3.54 2.41 0.3 1.41 0.87 percent [+]
Manufacturing Production 2.30 0.7 1.3 1 1.28 2.6 percent [+]
Changes in Inventories 730.70 758 731 717 716 702 INR Billion [+]
Car Production 250677.00 266712 242722 251317 247912 248906 Units [+]
Car Registrations 240143.00 246445 242746 243628 243436 243468 Cars [+]
Cement Production 22489.00 23309 23796 23265 22920 23046 Thousands of Tonnes [+]
Competitiveness Index 4.52 4.52 4.52 4.52 4.52 5.51 Points [+]
Competitiveness Rank 39.00 55 55 55 55 51 [+]
Composite Pmi 50.70 51.1 51.5 52.4 52.9 51.6 [+]
Corruption Index 40.00 38 38 38 38 42 Points [+]
Corruption Rank 79.00 76 76 73.83 76 72 [+]
Ease of Doing Business 130.00 129 1290 129 129 126 [+]
Steel Production 8113.00 8310 8227 8215 8233 8230 Thousand Tonnes [+]
Mining Production 5.30 4.9 3.5 4.1 2.3 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 136.00 125 127 133 132 133 [+]
Consumer Spending 17783.53 17300 17900 18100 19700 21000 INR Billion [+]
Disposable Personal Income 154965120.00 154483468 159221876 163960285 168698694 231000000 INR Million [+]
Personal Savings 26099.21 26643 26928 27213 27498 31398 INR Billion [+]
Bank Lending Rate 9.65 9.7 9.7 9.7 9.7 7.5 percent [+]
Gasoline Prices 1.07 1.06 1.04 1.04 0.96 0.84 USD/Liter [+]
Households Debt To Gdp 10.50 10.76 10.84 10.92 11 11.4 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 3.40 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. 3/27/2017