India GDP Annual Growth Rate

The Gross Domestic Product (GDP) in India expanded 4.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI). GDP Annual Growth Rate in India averaged 5.84 Percent from 1951 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.70 4.80 11.40 -5.20 4.94 | 2014/06 1951 - 2013 Percent Quarterly


India GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-31 06:30 AM India
GDP Growth Rate YoY
Q1 2013 4.8% 4.7% (R) 4.8% 4.50%
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 12:00 PM India
GDP Growth Rate YoY
Q1 2014 4.7% 4.8%
2014-08-29 12:00 PM India
GDP Growth Rate YoY
Q2 2014 4.94%

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 15952.93 2013-11-15 14609.34 15952.93 7500.43 15720.85 2014-06-30 INR Billion [+]
Gross Fixed Capital Formation 4971.20 2013-11-15 4910.58 5170.39 2021.90 4946.65 2014-06-30 INR Billion [+]
Gross National Product 99965.15 2013-06-30 89328.92 99965.15 103.60 110182.99 2014-06-30 INR Billion [+]
GDP per capita 1106.80 2012-12-31 1085.73 1106.80 228.34 1146.45 2014-06-30 USD [+]
GDP per capita PPP 3340.60 2012-12-31 3277.01 3340.60 880.78 3460.26 2014-06-30 USD [+]
GDP Annual Growth Rate 4.70 2013-12-31 4.80 11.40 -5.20 4.94 2014-06-30 Percent [+]
GDP Growth Rate 1.00 2013-12-31 1.80 5.80 -1.90 1.07 2014-06-30 Percent [+]
GDP 1841.70 2012-12-31 1872.90 1872.90 63.50 1873.71 2014-06-30 USD Billion [+]

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.

On an annual basis, finance, insurance, real estate and business activities recorded the highest growth rate (12.5 percent), accelerating from a 10 percent expansion in the previous quarter. Community, social and personal services advanced at a faster pace of 7 percent (4.2 percent in the September quarter) and trade, hotels, transport and communication activities rose 4.3 percent on the year.

Construction output slowed sharply to an annual growth rate of 0.6 percent (4.3 percent in the preceding three month period); electricity, water and gas supply rose 5 percent and agricultural production advanced at a slower pace of 3.6 percent.

In contrast, mining and manufacturing production shrank on the year. Mining contracted 1.6 percent while manufacturing dropped 1.9 percent, following a 1 percent expansion in the previous quarter.

Joana Taborda |
2/28/2014 12:21:02 PM


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

India’s Economy Expands 4.4% in Q2
India's Gross Domestic Product grew at 4.4 percent in the second quarter of 2013, the worst quarterly rate since 2002, hurt by a decline in mining and manufacturing. Published on 2013-08-30

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
India Leaves Rates on Hold  
In its April 1st, 2014 meeting, Reserve Bank of India decided to leave the policy repo rate unchanged at 8 percent and decided to officially start using consumer price inflation to determine its monetary policy.
India Wholesale Inflation Slows for 3rd Straight Month  
In February of 2014, Indian annual wholesale price index decelerated to 4.68 percent, reaching the lowest rate in nine months, as food and fuel prices moderated. A year ago, the inflation was recorded at 7.28 percent.
India Consumer Inflation Edges Down in February  
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.
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.
India Wholesale Inflation Slows to 8-Month Low  
In January of 2014, Indian annual WPI eased for the second straight month to 5.05 percent, the lowest rate since May of 2013, as food prices slowed and mineral cost fell.
India Consumer Inflation Slows to 24-Month Low  
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
Reserve Bank of India Raises Rates  
In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
Indian WPI Slows to 5-Month Low in December  
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.


US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.

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