India GDP Annual Growth Rate 1951-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in India expanded 5.30 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in India averaged 5.82 percent from 1951 until 2014, 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).

      Forecast    
India GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.70 11.40 -5.20 1951 - 2014 percent Quarterly
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 Monday, December 22, 2014.


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.

In the third quarter of 2014, the highest growth rates were reported for: community, social and personal services (9.6 percent) and financing, insurance, real estate and business services (9.5 percent). 

According to the latest estimates available on the Index of Industrial Production (IIP), the index of mining and quarrying grew 1.9 percent (0 percent in Q3 of 2014), manufacturing expanded 0.1 percent (1.3 percent in Q3 of 2014) and electricity gas and water supply rose 8.7 percent (7.8 percent in Q3 of 2014). 

The growth rates in agriculture, forestry and fishing is estimated at 3.2 percent (5 percent in Q3 of 2013) and trade, hotels, transport and communication at 3.8 percent (3.6 percent in Q3 of 2014).

Construction advanced 4.6 percent, compared to 4.4 percent expansion reported in Q3 of 2013. The key indicators of construction sector: production of cement and consumption of finished steel registered growth rates of 9.8 percent and 0.3 percent, respectively.

Among the services sectors, key indicators of railways: the net tonne kilometers and passenger kilometers have shown growth rates of 6.3 percent and 1.1 percent, respectively. In the transport sector, the sale of commercial vehicles declined 3.8 percent while cargo handled at major ports; cargo handled by the civil aviation and passengers handled by the civil aviation registered growth rates of 4.3 percent, 11.6 percent and 12.6 percent. Total stock of telephone connections registered growth of 6.5 percent  The other key indicators: aggregate bank deposits, and bank credits have shown growth rates of 13.1 percent, and 10.1 percent, respectively.

Mospi | anna@tradingeconomics.com
11/28/2014 12:43:27 PM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-30 01:00 PM
GDP Growth Rate YoY  Q1
4.6% 4.7% 4.8% 4.79%
2014-08-29 01:00 PM
GDP Growth Rate YoY  Q2
5.7% 4.6% 5.3% 4.96%
2014-11-28 12:00 PM
GDP Growth Rate YoY  Q3
5.3% 5.7% 5.1% 4.96%
2015-02-09 12:00 PM
GDP Growth Rate YoY  Q4
5.3% 4.75%
2015-05-29 01:00 PM
GDP Growth Rate YoY  Q1
5.7%
2015-08-31 01:00 PM
GDP Growth Rate YoY  Q2
4.58%


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 5.30 5.70 11.40 -5.20 percent [+]
GDP Constant Prices 15421.34 15160.25 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 4975.22 4957.25 5356.22 2021.90 INR Billion [+]
GDP per capita PPP 5238.02 5050.11 5238.02 1795.44 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.70 Aug/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.59 Aug/14 2.54 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.30 Aug/14 5.70 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.50 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 1.90 Aug/14 1.60 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]