India GDP Growth Rate 1996-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in India expanded 1.20 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in India averaged 1.62 Percent from 1996 until 2014, 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.


India GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.90 5.80 -1.90 1996 - 2014 Percent Quarterly
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. Content for - India GDP Growth Rate - was last refreshed on Friday, October 31, 2014.

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,
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

India GDP Last Previous Highest Lowest Unit
GDP 1876.80 1858.70 1876.80 63.50 USD Billion [+]
GDP Growth Rate 1.20 1.90 5.80 -1.90 Percent [+]
GDP Annual Growth Rate 5.70 4.60 11.40 -5.20 Percent [+]
GDP Constant Prices 17166.18 15926.37 17166.18 7500.43 INR Billion [+]
Gross National Product 99965.15 89328.92 99965.15 103.60 INR Billion [+]
GDP per capita 1165.00 1123.20 1165.00 228.34 USD [+]
Gross Fixed Capital Formation 5356.22 5037.10 5356.22 2021.90 INR Billion [+]
GDP per capita PPP 5238.02 5050.11 5238.02 1795.44 USD [+]