India GDP Annual Growth Rate 1951-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in India expanded 7.50 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in India averaged 6 percent from 1951 until 2015, reaching an all time high of 11.40 percent in the first quarter of 2010 and a record low of -5.20 percent in the fourth quarter of 1979. GDP Annual Growth Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI).

India GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
7.50 6.60 11.40 -5.20 1951 - 2015 percent Quarterly
NSA, 2011-12 Prices
In India, the annual growth rate in GDP at factor cost measures the change in the value of the goods and services produced in India, without counting government’s involvement. Simply, the GDP value excludes indirect taxes (VAT) paid to the government and includes the original value of products without accounting for government subsidies. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - India GDP Annual Growth Rate - was last refreshed on Wednesday, August 5, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-28 12:00 PM Q3 5.3% 5.7% 5.1% 4.96%
2015-02-09 12:00 PM Q4 7.5% 8.2% (R) 5.5% 5.75%
2015-05-29 01:00 PM Q1 7.5% 6.6% (R) 7.3% 7.2%
2015-08-31 01:00 PM Q2 7.5% 7.74%
2015-11-30 12:00 PM Q3 7.62%


India Economic Growth Accelerates in Q1


India's GDP advanced 7.5 percent year-on-year in the first quarter of 2015, up from a downwardly revised growth of 6.6 percent in the previous period supported by a strong expansion in manufacturing and services sectors.

Manufacturing production grew by 8.4 percent  while farm output was down by 1.4 percent.

Trade, hotels and other non-financial services grew 14.1 percent and financial services were up by 10.2 percent. Mining and quarrying output expanded 2.3 percent while electricity, gas and water supply was up by 4.2 percent.

Public administration and defence were up 0.1 percent, down from a 19.7 percent growth rate in the previous quarter mainly due to fall in total expenditure of central government.

Construction advanced 1.4 percent compared to 3.1 percent in Q4 of 2014. The key indicators of construction sector, namely, cement and consumption of finished steel registered a growth of 5.6 percent and 3.1 percent, respectively.

Mospi | Nuno Fontes | nuno@tradingeconomics.com
5/29/2015 2:26:08 PM


Recent Releases

India's GDP Grow Faster Than China's in Q4
India's economy advanced 7.5 percent year-on-year in the last quarter of 2014, following a revised 8.2 percent rise in the previous period as the way the GDP is calculated changed.
Published on 2015-02-09

India Economic Growth Weakens in Q3
India's GDP advanced faster than expected 5.3 percent in the third quarter of 2014, yet below 5.7 percent reported from April to June. The expansion was dragged down by weaker manufacturing while services growth remained strong.
Published on 2014-11-28

India Economy Expands 5.7% in Q2
India's GDP advanced faster than expected 5.7 percent in the second quarter of 2014, up from 4.6 percent expansion reported in the first three month of the year. It is the highest growth rate reported since the fourth quarter of 2011.
Published on 2014-08-29

Indian Economic Growth Decelerates in Q1
In the first quarter of 2014, India's GDP growth slowed to 4.6 percent yoy from a 4.7 percent expansion registered in the previous period. The output was mainly hurt by a contraction in the manufacturing sector.
Published on 2014-05-30


India GDP Last Previous Highest Lowest Unit
GDP 2066.90 1861.80 2066.90 63.50 USD Billion [+]
GDP Growth Rate 4.10 3.10 7.40 -3.40 percent [+]
GDP Annual Growth Rate 7.50 6.60 11.40 -5.20 percent [+]
GDP Constant Prices 28742.37 26687.97 28742.37 7500.43 INR Billion [+]
Gross National Product 56738.60 54166.60 56738.60 2786.77 INR Billion [+]
GDP per capita 1262.64 1189.78 1262.64 228.34 USD [+]
Gross Fixed Capital Formation 8548.02 7896.94 8548.02 2021.90 INR Billion [+]
GDP per capita PPP 5565.05 5243.95 5565.05 1760.02 USD [+]
GDP From Agriculture 4152.28 5160.49 5217.45 2715.05 IND Billion [+]
GDP From Construction 2079.94 1975.08 2079.94 1736.49 IND Billion [+]
GDP From Manufacturing 4796.95 4058.73 4796.95 3455.83 IND Billion [+]
GDP From Mining 812.71 691.35 812.71 583.12 IND Billion [+]
GDP From Public Administration 2970.41 3274.84 3274.84 2323.53 IND Billion [+]
GDP From Utilities 557.67 572.32 577.94 482.40 IND Billion [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.30 Jun/15 2.40 13.40 -4.10 percent [+]