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

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India GDP Annual Growth Rate
LIST BY COUNTRY


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%
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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 [+]
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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 | joana.taborda@tradingeconomics.com
2/28/2014 12:21:02 PM

RECENT RELEASES

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.


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