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

The Gross Domestic Product (GDP) in India expanded 7.50 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in India averaged 5.83 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
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Actual Previous Highest Lowest Dates Unit Frequency
7.50 8.20 11.40 -5.20 1951 - 2014 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 Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-08-29 01:00 PM Q2 5.7% 4.6% 5.3% 4.96%
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% 7.1% 7.2%
2015-08-31 01:00 PM Q2 8.5%
2015-11-30 12:00 PM Q3 8.53%


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.

India's GDP is now measured in market prices instead of factor cost and the base year was changed to 2011/12 from 2004/05. According to revised figures, the economy advanced 6.5 percent in the June quarter (5.7 percent under the older methodology) and 8.2 percent in September quarter (5.3 percent was initially reported).

According to new numbers, in the last three months of 2014, the highest growth rates were reported for services: electricity, gas, water supply and other utility (10.1 percent); trade, hotels, transport, communication and services related to broadcasting (7.2 percent); financial, real estate and professional (15.9 percent) and public administration, defence and other services (20 percent).

The manufacturing sector expanded 4.2 percent; mining and quarrying went up 2.9 percent and construction rose 1.7 percent. In contrast, the farm sector shrank 0.4 percent. 

The government estimates annual growth at 7.4 percent in the fiscal year ending in March 2015 from a revised 6.9 percent expansion a year earlier. 


Joana Taborda | joana.taborda@tradingeconomics.com
2/9/2015 7:17:16 PM


Recent Releases

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 1876.80 1858.70 1880.10 63.50 USD Billion [+]
GDP Growth Rate 1.60 2.20 5.80 -1.90 percent [+]
GDP Annual Growth Rate 7.50 8.20 11.40 -5.20 percent [+]
GDP Constant Prices 26916.15 25600.39 26916.15 7500.43 INR Billion [+]
Gross National Product 11205169.00 9871777.00 11205169.00 103.60 INR Billion [+]
GDP per capita 1165.00 1123.20 1165.00 228.34 USD [+]
Gross Fixed Capital Formation 7838.57 7703.53 8333.11 2021.90 INR Billion [+]
GDP per capita PPP 5238.02 5050.11 5238.02 1795.44 USD [+]
GDP From Agriculture 5198.61 2920.28 5217.45 2715.05 IND Billion [+]
Gdp From Construction 1949.96 1927.00 2061.56 1736.49 IND Billion [+]
Gdp From Manufacturing 4084.34 4269.29 4456.26 3455.83 IND Billion [+]
Gdp From Mining 700.75 627.32 794.53 583.12 IND Billion [+]
Gdp From Public Administration 3282.93 3208.74 3282.93 2323.53 IND Billion [+]
Gdp From Utilities 579.97 577.86 579.97 482.40 IND Billion [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Feb/15 0.90 5.00 -5.60 percent [+]
France 0.70 Feb/15 0.00 12.50 -3.92 percent [+]
Germany 1.10 Feb/15 1.60 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy 0.00 Feb/15 -0.50 10.30 -6.90 percent [+]
Japan -1.40 Feb/15 -0.90 9.40 -9.40 percent [+]
Mexico 2.50 Feb/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.40 Feb/15 1.40 5.80 -4.40 percent [+]
Russia -1.90 Feb/15 0.40 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.60 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 3.00 Feb/15 2.40 13.40 -4.10 percent [+]