India GDP Annual Growth Rate  1951-2016 | Data | Chart | Calendar

India's gross domestic product advanced 7.1 percent year-on-year in the second quarter of 2016, slowing from a 7.9 percent expansion in the previous period and missing market expectations of 7.6 percent growth. It was the lowest reading since the fourth quarter of 2014, as private consumption expanded at a slower pace while fixed investment dropped further. GDP Annual Growth Rate in India averaged 6.08 percent from 1951 until 2016, 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
Receive the next reported value for India GDP Annual Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
7.10 7.90 11.40 -5.20 1951 - 2016 percent Quarterly
NSA, 2011-12 Prices
By industry, 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. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-08 12:00 PM Q4 7.3% 7.7% 7.3% 7.3%
2016-05-31 12:00 PM Q1 7.9% 7.2% 7.5% 7.3%
2016-08-31 12:00 PM Q2 7.1% 7.9% 7.6% 7.4%
2016-11-30 12:00 PM Q3 7.1% 7.2%

India GDP Growth Slows to 7.1% YoY in Q2


India's gross domestic product advanced 7.1 percent year-on-year in the second quarter of 2016, slowing from a 7.9 percent expansion in the previous period and missing market expectations of 7.6 percent growth. It was the lowest reading since the fourth quarter of 2014, as private consumption expanded at a slower pace while fixed investment dropped further.

Private consumption growth eased to 6.7 percent from 8.3 percent in the previous quarter while government spending jumped 18.8 percent, accelerating from a 2.9 percent growth in Q1. Gross fixed capital formation shrank at a faster 3.1 percent, following a 1.9 percent contraction in the previous period.

Exports increased 3.2 percent, following a 1.9 percent drop in the first quarter; while imports declined 5.8 percent after falling 1.6 percent in the precedent period.

On the production side, the gross value added for public administration, defence and other services expanded the most (+12.3 percent), followed by: financial, insurance, real estate and professional services (+9.4 percent); electricity, gas, water supply and other utility services (+9.4 percent); manufacturing (+9.1 percent); trade, hotel, transport, communication and services related to broadcasting (+8.1 percent); agriculture, forestry and fishery (+1.8 percent) and construction (+1.5 percent). By contrast, mining and quarrying contracted 0.4 percent.

Joana Ferreira | joana.ferreira@tradingeconomics.com
8/31/2016 1:28:39 PM

India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 2.00 5.80 -1.80 percent [+]
GDP Annual Growth Rate 7.10 7.90 11.40 -5.20 percent [+]
GDP 2073.54 2048.52 2073.54 63.50 USD Billion [+]
GDP Constant Prices 29173.48 30120.29 30120.29 7500.43 INR Billion [+]
Gross National Product 56738.60 54166.60 56738.60 2786.77 INR Billion [+]
Gross Fixed Capital Formation 8639.56 8861.47 9091.17 2021.90 INR Billion [+]
GDP per capita 1805.58 1698.94 1805.58 317.07 USD [+]
GDP per capita PPP 5730.14 5391.69 5730.14 1755.74 USD [+]
GDP From Agriculture 3743.90 4235.42 5217.45 2715.05 IND Billion [+]
GDP From Construction 2290.92 2285.27 2377.80 1736.49 IND Billion [+]
GDP From Manufacturing 4901.64 4908.33 5407.38 3455.83 IND Billion [+]
GDP From Mining 860.91 913.43 913.43 583.12 IND Billion [+]
GDP From Public Administration 3376.30 3249.99 3914.00 2323.53 IND Billion [+]
GDP From Utilities 623.78 578.61 738.95 482.40 IND Billion [+]




Last
Ethiopia 9.60 Dec/15
Ivory Coast 9.40 Mar/16
Papua New Guinea 9.00 Dec/15
Dominican Republic 8.70 Jun/16
Tanzania 7.90 Jun/16
Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Monaco 7.20 Dec/14
India 7.10 Jun/16
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Philippines 7.00 Jun/16
Cambodia 6.90 Dec/15
China 6.70 Jun/16
Djibouti 6.70 Dec/15
Tajikistan 6.50 Jun/16
Turkmenistan 6.50 Dec/15
Vietnam 6.40 Sep/16
Paraguay 6.20 Jun/16
Benin 6.10 Jun/16
Romania 6.00 Jun/16
Burkina Faso 5.90 Jun/16
Kenya 5.90 Mar/16
Cape Verde 5.80 Mar/16
Togo 5.80 Mar/16
Senegal 5.70 Jun/16
Chad 5.60 Dec/15
Bhutan 5.50 Dec/15
Mali 5.40 Mar/16
Rwanda 5.40 Jun/16
Sao Tome and Principe 5.30 Dec/15
Panama 5.20 Jun/16
Indonesia 5.18 Jun/16
Zambia 5.00 Dec/15
Bolivia 4.95 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Guinea Bissau 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Maldives 4.80 Mar/16
Gambia 4.70 Dec/15
Luxembourg 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Ireland 4.10 Jun/16
Nicaragua 4.10 Mar/16
Malaysia 4.00 Jun/16
Algeria 3.90 Dec/15
Palestine 3.90 Jun/16
Egypt 3.80 Dec/15
Kosovo 3.80 Mar/16
Cameroon 3.70 Mar/16
Iceland 3.70 Jun/16
Mauritius 3.70 Mar/16
Mozambique 3.70 Jun/16
Peru 3.70 Jun/16
Slovakia 3.70 Jun/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
New Zealand 3.60 Jun/16
Thailand 3.50 Jun/16
Lesotho 3.40 Dec/15
Sweden 3.40 Jun/16
United Arab Emirates 3.40 Dec/15
Australia 3.30 Jun/16
South Korea 3.30 Jun/16
Comoros 3.20 Dec/15
Spain 3.20 Jun/16
Germany 3.10 Jun/16
Mauritania 3.10 Dec/15
Poland 3.10 Jun/16
Turkey 3.10 Jun/16
Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
Georgia 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Malta 3.00 Jun/16
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Croatia 2.80 Jun/16
Guatemala 2.80 Mar/16
Saudi Arabia 2.80 Jun/16
Cyprus 2.70 Jun/16
Slovenia 2.70 Jun/16
Czech Republic 2.60 Jun/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Sri Lanka 2.60 Jun/16
Bahrain 2.50 Jun/16
El Salvador 2.50 Mar/16
Ghana 2.50 Jun/16
Mexico 2.50 Jun/16
Norway 2.50 Jun/16
Cayman Islands 2.40 Mar/16
Iraq 2.40 Dec/15
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
Macedonia 2.20 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Colombia 2.00 Jun/16
Serbia 2.00 Jun/16
Switzerland 2.00 Jun/16
Lithuania 1.90 Jun/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Moldova 1.80 Jun/16
Haiti 1.70 Dec/15
Hong Kong 1.70 Jun/16
Swaziland 1.70 Dec/15
Botswana 1.60 Jun/16
Euro Area 1.60 Jun/16
Armenia 1.50 Jun/16
Chile 1.50 Jun/16
Suriname 1.50 Dec/15
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
Mongolia 1.40 Jun/16
Morocco 1.40 Jun/16
Tunisia 1.40 Jun/16
Ukraine 1.40 Jun/16
Uruguay 1.40 Jun/16
France 1.30 Jun/16
New Caledonia 1.30 Dec/14
United States 1.30 Jun/16
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Montenegro 1.10 Mar/16
Qatar 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Estonia 0.80 Jun/16
Italy 0.80 Jun/16
Jamaica 0.80 Mar/16
Japan 0.80 Jun/16
Nepal 0.77 Dec/15
Taiwan 0.70 Jun/16
Iran 0.60 Mar/15
South Africa 0.60 Jun/16
Denmark 0.40 Jun/16
Finland 0.40 Jun/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Kazakhstan 0.10 Jun/16
Greece -0.40 Jun/16
Puerto Rico -0.60 Dec/15
Russia -0.60 Jun/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Namibia -1.20 Jun/16
Belarus -1.30 Jun/16
Uganda -1.30 Mar/16
Belize -1.60 Jun/16
Nigeria -2.06 Jun/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Ecuador -3.00 Mar/16
Argentina -3.40 Jun/16
Azerbaijan -3.40 Jun/16
Brazil -3.80 Jun/16
Burundi -4.10 Dec/15
Trinidad and Tobago -5.20 Mar/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Macau -7.10 Jun/16
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15