India GDP Annual Growth Rate 1951-2017 | Data | Chart | Calendar

The Indian economy expanded 6.3 percent year-on-year in the third quarter of 2017, above a 5.7 percent in the previous quarter which was the lowest in near three years, but below market expectations of a 6.4 percent. Investment and inventories growth rebounded, offsetting a slowdown in both private and public spending. GDP Annual Growth Rate in India averaged 6.12 percent from 1951 until 2017, 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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India GDP Growth Below Expectations in Q3


The Indian economy expanded 6.3 percent yoy in Q3, above a 5.7 percent in Q2 which was the lowest in nearly 3 years, but below expectations of a 6.4 percent. A rebound in investment and inventories offset a slowdown in both private and public spending.

Gross fixed capital formation went up 4.7 percent, much faster than a 1.6 percent increase in the previous quarter and inventories jumped 6.7 percent, above 1.2 percent in the previous period. On the other hand, a slowdown was seen in household consumption (6.5 percent compared to 6.7 percent) and government spending (4.1 percent compared to 17.2 percent). Exports increased 1.2 percent, the same as in the previous period while imports rose at a much slower 7.5 percent (13.4 percent in the previous period).

The Gross Value Added, that is, GDP excluding taxes, rose 6.1 percent year-on-year, above 5.6 percent in the three months to June. Faster expansion was reported for manufacturing (7 percent compared to 1.2 percent in the previous quarter), utilities (7.6 percent compared to 7 percent) and construction (2.6 percent compared to 2 percent) while mining recovered (5.5 percent compared to -0.7 percent). On the other hand, a slowdown was seen for trade, hotel, transport, communication & services related to broadcasting (9.9 percent compared to 11.1 percent); financial, insurance, real estate & professional services (5.7 percent compared to 6.4 percent) and agriculture, forestry & fishing (1.7 percent compared to 2.3 percent).

Joana Taborda |
11/30/2017 3:34:25 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 12:00 PM GDP Growth Rate YoY 6.1% 7% 7.1% 7%
2017-08-31 12:00 PM GDP Growth Rate YoY 5.7% 6.1% 6.6% 6.5%
2017-11-30 12:00 PM GDP Growth Rate YoY 6.3% 5.7% 6.4% 6.5%
2018-02-28 12:15 PM GDP Growth Rate YoY 6.3%
2018-05-31 12:00 PM GDP Growth Rate YoY
2018-08-31 12:00 PM GDP Growth Rate YoY


India GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 1.30 6.20 -2.30 percent [+]
GDP Annual Growth Rate 6.30 5.70 11.40 -5.20 percent [+]
GDP 2263.52 2111.75 2263.52 36.54 USD Billion [+]
GDP Constant Prices 31656.64 31101.45 32284.27 7500.43 INR Billion [+]
Gross National Product 12034713.00 11246305.00 12034713.00 8659215.00 INR Tens Of Million [+]
Gross Fixed Capital Formation 9152.11 9275.06 9384.88 2021.90 INR Billion [+]
GDP per capita 1861.50 1758.00 1861.50 304.20 USD [+]
GDP per capita PPP 6092.60 5754.10 6092.60 1737.60 USD [+]
GDP From Agriculture 3245.21 3897.32 5468.54 2690.55 INR Billion [+]
GDP From Construction 2235.39 2339.19 2339.19 1855.78 INR Billion [+]
GDP From Manufacturing 5355.42 5131.39 5355.42 3305.81 INR Billion [+]
GDP From Mining 689.67 859.11 988.17 551.10 INR Billion [+]
GDP From Public Administration 3885.31 3493.56 3885.31 2328.98 INR Billion [+]
GDP From Utilities 654.67 652.89 654.67 463.21 INR Billion [+]


India GDP Annual Growth Rate

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.30 5.70 11.40 -5.20 1951 - 2017 percent Quarterly
NSA, 2011-12 Prices




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17