India GDP Growth Rate

The Gross Domestic Product (GDP) in India expanded 1 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in India averaged 1.62 Percent from 1996 until 2013, reaching an all time high of 5.80 Percent in the fourth quarter of 2003 and a record low of -1.90 Percent in the first quarter of 2009. In India, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Indian economy during the quarter. India is the world’s tenth largest economy and the second most populous. 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.00 1.80 5.80 -1.90 1.07 | 2014/06 1996 - 2013 Percent Quarterly

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India GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 15952.93 2013-11-15 14609.34 15952.93 7500.43 15720.85 2014-06-30 INR Billion [+]
Gross Fixed Capital Formation 4971.20 2013-11-15 4910.58 5170.39 2021.90 4946.65 2014-06-30 INR Billion [+]
Gross National Product 99965.15 2013-06-30 89328.92 99965.15 103.60 110182.99 2014-06-30 INR Billion [+]
GDP per capita 1106.80 2012-12-31 1085.73 1106.80 228.34 1146.45 2014-06-30 USD [+]
GDP per capita PPP 3340.60 2012-12-31 3277.01 3340.60 880.78 3460.26 2014-06-30 USD [+]
GDP Annual Growth Rate 4.70 2013-12-31 4.80 11.40 -5.20 4.94 2014-06-30 Percent [+]
GDP Growth Rate 1.00 2013-12-31 1.80 5.80 -1.90 1.07 2014-06-30 Percent [+]
GDP 1841.70 2012-12-31 1872.90 1872.90 63.50 1873.71 2014-06-30 USD Billion [+]
[+]


India's Economic Growth Eases More than Expected in Q4

In the fourth quarter of 2012, India's economy grew only 4.5 percent due to the widespread weakness in farm, mining and manufacturing output.

Manufacturing output grew only 2.5 percent, while the mining sector reported an annual fall of 1.4 percent. Farm output gained 1.1 percent. The construction output expanded 5.8 percent and financing, insurance, real estate and business services grew 7.9 percent.


Anna Fedec, anna@tradingeconomics.com
2/28/2013 11:45:35 AM

RECENT RELEASES

India's GDP Growth Slows to 5.3 Percent in Q3
India’s economy has expanded by just 0.6 over the previous quarter and 5.3 percent over the previous year in the third quarter. Published on 2012-12-11

India's GDP Growth Slows to 6.9%
The Indian economy expanded at its slowest pace in more than two years in the July-September quarter, hurt by high local borrowing costs and a deepening euro-zone crisis. Published on 2011-11-30


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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