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

The Gross Domestic Product (GDP) in India expanded 7 percent in the second quarter of 2015 over the same quarter of the previous year, slowing from a 7.5 percent growth in the previous quarter and below market expectations. GDP Annual Growth Rate in India averaged 6.01 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
7.00 7.50 11.40 -5.20 1951 - 2015 percent Quarterly
NSA, 2011-12 Prices
In India, the annual growth rate in GDP at market prices measures the change in the value of the goods and services produced in India. 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, September 2, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 7.0% 7.5% 7.4% 7.4%
2015-11-30 12:00 PM Q3 7.0% 7.1%


India GDP Growth Disappoints


The Indian economy expanded 7 percent year-on-year in the second quarter of 2015, slowing from a 7.5 percent growth in the previous period and below market expectations of 7.4 percent. While services and manufacturing grew at a slower pace; mining and construction accelerated and agriculture reported expansion.

On the production side: trade, hotel, transport and communication recorded the biggest expansion (12.8 percent, 14.1 percent in Q1), followed by finance, real estate and insurance (8.9 percent, 10.2 percent in Q1); manufacturing (7.2 percent, 8.4 percent in Q1) and construction (6.9 percent, 1.4 percent in Q1). The mining sector grew 4 percent (2.3 percent in Q1); electricity, water and gas supply went up 3.2 percent (4.2 percent in Q1); public administration and defense increased 2.7 percent (0.1 percent in Q1) and farming output gained 1.9 percent (-1.4 percent). 

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. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2015 2:07:35 PM


Recent Releases

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.
Published on 2015-05-29

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


India GDP Last Previous Highest Lowest Unit
GDP 2066.90 1861.80 2066.90 63.50 USD Billion [+]
GDP Growth Rate 2.06 1.36 5.30 -1.70 percent [+]
GDP Annual Growth Rate 7.00 7.50 11.40 -5.20 percent [+]
GDP Constant Prices 27129.98 28742.37 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 8072.25 8548.02 8548.02 2021.90 INR Billion [+]
GDP per capita PPP 5565.05 5243.95 5565.05 1760.02 USD [+]
GDP From Agriculture 4637.96 4152.28 5217.45 2715.05 IND Billion [+]
GDP From Construction 2377.80 2079.94 2377.80 1736.49 IND Billion [+]
GDP From Manufacturing 5407.38 4796.95 5407.38 3455.83 IND Billion [+]
GDP From Mining 774.93 812.71 812.71 583.12 IND Billion [+]
GDP From Public Administration 3914.00 2970.41 3914.00 2323.53 IND Billion [+]
GDP From Utilities 738.95 557.67 738.95 482.40 IND Billion [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jun/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 1.00 Jun/15 2.00 8.80 -3.90 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.00 Jun/15 7.50 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.70 Jun/15 0.20 10.30 -7.20 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 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 1.20 Jun/15 1.20 5.40 -3.60 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 2.70 Jun/15 2.90 13.40 -4.10 percent [+]