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).
||1951 - 2014
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.