India GDP Annual Growth Rate

The Gross Domestic Product (GDP) in India expanded 4.60 percent in the first 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).

   
 
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India GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.70 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.


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.

On an annual basis, finance, insurance, real estate and business activities grew 12.4 percent (down from 14.1 percent in the previous period), followed by electricity, gas and water supply (7.2 percent, compared with 5.0 percent in Q3) and agriculture, forestry and fishing (6.3 percent, up from 3.7 percent) as the fastest growing sectors.

In contrast, manufacturing contracted 1.4 percent (slightly up from -1.5 percent a quarter earlier) and mining and quarrying production fell 0.4 percent (up from -1.2 percent).

Ministry of Statistics | Nuno Fontes | nuno@tradingeconomics.com
5/30/2014 1:51:26 PM


Recent Releases

Indian GDP Grows Below Expectations
In the fourth quarter of 2013, Indian economic growth slowed to 4.7 percent over a year earlier, down from a 4.8 percent expansion in the previous period, hurt by a contraction in manufacturing and mining output. Published on 2014-02-28

Indian GDP Growth Beats Expectations
In the third quarter of 2013, Indian economy advanced 4.8 percent over a year earlier, up from 4.4 percent in the previous three-month period, led by a surge in agriculture production and construction. Although third quarter figures came above market expectations, the economy grew below 5 percent for the fourth straight quarter. Published on 2013-11-29


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-30 01:00 PM India
GDP Growth Rate YoY
Q2 2013 4.4% 4.8% 4.6% 4.66%
2013-11-29 12:00 PM India
GDP Growth Rate YoY
Q3 2013 4.8% 4.4% 4.6% 4.32%
2014-02-28 12:00 PM India
GDP Growth Rate YoY
Q4 2013 4.7% 4.8% 4.8% 4.2%
2014-05-30 01:00 PM India
GDP Growth Rate YoY
Q1 2014 4.6% 4.7% 4.8% 4.79%
2014-08-29 12:00 PM India
GDP Growth Rate YoY
Q2 2014 4.6% 4.96%


GDP Last Previous Highest Lowest Unit
GDP 1876.80 1858.70 1876.80 63.50 USD Billion [+]
GDP Growth Rate 2.10 1.10 5.80 -1.90 Percent [+]
GDP Annual Growth Rate 4.60 4.70 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 3340.60 3277.01 3340.60 880.78 USD [+]





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