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

India's gross domestic product advanced 7.3 percent year-on-year in the third quarter of 2016, following 7.1 percent expansion in the previous period and missing market expectations of 7.5 percent growth. Private consumption expanded at a faster pace while government spending slowed down and 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.

India GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 7.3% 7.1% 7.5% 7.2%
2017-02-08 12:00 PM Q4 6.6%
2017-05-31 12:00 PM Q1 6.5%
2017-08-31 12:00 PM Q2 6.5%




Indian Economy Expands 7.3% YoY In Q3


India's gross domestic product advanced 7.3 percent year-on-year in the third quarter of 2016, following 7.1 percent expansion in the previous period and missing market expectations of 7.5 percent growth. Private consumption expanded at a faster pace while government spending slowed down and fixed investment dropped further.

Private consumption growth accelerated to 7.6 percent from 6.7 percent in the previous quarter while government spending rose at a slower 15.2 percent (+18.8 percent in Q2). Gross fixed capital formation shrank at a faster 5.6 percent, following a 3.1 percent contraction in the previous period.

Exports increased 0.3 percent, following a 3.2 percent growth in the second quarter; while imports declined 9 percent after falling 5.8 percent in the precedent period.

On the production side, the gross value added for public administration, defence and other services expanded the most (+12.5 percent vs +12.3 percent in Q2), followed by: financial, insurance, real estate and professional services (+8.2 percent vs +9.4 percent); manufacturing (+7.1 percent vs +9.1 percent); trade, hotel, transport, communication and services related to broadcasting (+7.1 percent vs +8.1 percent); electricity, gas, water supply and other utility services (+3.5 percent vs +9.4 percent); agriculture, forestry and fishery (+3.3 percent vs +1.8 percent) and construction (+3.5 percent vs +1.5 percent). By contrast, mining and quarrying contracted 1.5 percent (-0.4 percent in Q2).

Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/30/2016 1:13:57 PM



India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 2.00 5.80 -1.80 percent [+]
GDP Annual Growth Rate 7.30 7.10 11.40 -5.20 percent [+]
GDP 2073.54 2042.44 2073.54 63.50 USD Billion [+]
GDP Constant Prices 29628.34 29173.48 30120.29 7500.43 INR Billion [+]
Gross National Product 56738.60 54166.60 56738.60 2786.77 INR Billion [+]
Gross Fixed Capital Formation 8583.37 8639.56 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 3095.38 3743.90 5217.45 2715.05 IND Billion [+]
GDP From Construction 2186.76 2290.92 2290.92 1736.49 IND Billion [+]
GDP From Manufacturing 4841.50 4901.64 4908.33 3455.83 IND Billion [+]
GDP From Mining 629.22 860.91 913.43 568.54 IND Billion [+]
GDP From Public Administration 3861.96 3376.30 3861.96 2323.53 IND Billion [+]
GDP From Utilities 609.94 623.78 623.78 482.40 IND Billion [+]



India GDP Annual Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
7.30 7.10 11.40 -5.20 1951 - 2016 percent Quarterly
NSA, 2011-12 Prices



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