India GDP Annual Growth Rate 1951-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in India expanded 5.70 percent in the second 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).

   
 
 

India GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.70 4.60 11.40 -5.20 1951 - 2014 Percent Quarterly
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 Saturday, November 1, 2014.


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.

The highest growth rates were reported for: electricity, gas & water supply (10.2 percent); financing, insurance, real estate and business services (10.4 percent) and community, social and personal services (9.1 percent). 

Manufacturing advanced 3.5 percent compared with a contraction of 1.2 percent a year ago. Mining sector grew 2.1 percent compared with a 3.9 percent fall a year earlier. The expansion of farm output growth slowed to 3.8 percent in the quarter, from 4.0 percent a year ago. Trade, hotels, transport and communication rose 2.8 percent.

Construction sector expanded 4.8 percent. The key indicators of construction sector, namely, production of cement and consumption of finished steel registered growth rate of 9.5 percent and 0.7 percent.

Among the services sectors, the key indicators of railways: the net tonne kilometres and passenger kilometres have shown growth rate of 3.3 percent and 5.5 percent respectively. In case of other transport sectors, passengers handled by the civil aviation, cargo handled by the civil aviation and cargo handled at major ports registered growth rates of 7.5 percent and 6.2 percent and 4.3 percent respectively. The sales of commercial vehicles registered the decline of 16.1 percent. Aggregate bank deposits, and bank credits have shown growth rates of 12.4 percent, and 13.3 percent, respectively as against growth of 13.5 percent and 13.5 percent respectively reported in June of 2013.

According to the latest estimates available on the Index of Industrial Production the index of mining, manufacturing and electricity, registered growth rates of 3.2 percent, 3.1 percent and 11.3 percent, respectively as compared to the growth rates of (-) 4.6 percent, (-) 1.1 percent and 3.5 percent in these sectors during the same quarter a year earlier.


MOSPI | anna@tradingeconomics.com
8/29/2014 1:46:33 PM


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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. Published on 2014-02-28


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 01:00 PM India
GDP Growth Rate YoY
Q1 2014 4.6% 4.7% 4.8% 4.79%
2014-08-29 01:00 PM India
GDP Growth Rate YoY
Q2 2014 5.7% 4.6% 5.3% 4.96%
2014-11-28 12:00 PM India
GDP Growth Rate YoY
Q3 2014 5.7% 4.75%


India GDP Last Previous Highest Lowest Unit
GDP 1876.80 1858.70 1876.80 63.50 USD Billion [+]
GDP Growth Rate 1.20 1.90 5.80 -1.90 Percent [+]
GDP Annual Growth Rate 5.70 4.60 11.40 -5.20 Percent [+]
GDP Constant Prices 15160.25 17166.18 17166.18 7500.43 INR Billion [+]
Gross National Product 99965.15 89328.92 99965.15 103.60 INR Billion [+]
GDP per capita 1165.00 1123.20 1165.00 228.34 USD [+]
Gross Fixed Capital Formation 4957.25 5356.22 5356.22 2021.90 INR Billion [+]
GDP per capita PPP 5238.02 5050.11 5238.02 1795.44 USD [+]