9/11/2017 India GDP Annual Growth Rate | 1951-2017 | Data | Chart | Calendar

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

The Indian economy expanded 5.7 percent year-on-year in the second quarter of 2017, below 6.1 percent in the previous period and market expectations of
6.6 percent. It remains the weakest growth rate since the first quarter of 2014 due to a slowdown in consumer spending and exports. On the production side,
manufacturing and agriculture eased. Figures for the second quarter of 2017 mark the third consecutive period of slowing growth, following the demonetization
program started in November of 2016 that removed 86 percent of India's currency in circulation. 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.

Historical Forecast (/india/gdp-growth-annual/forecast) Alerts Data API

1Y 5Y 10Y MAX

India GDP Growth at Over 3-Year Low of 5.7% in Q2

The Indian economy expanded 5.7 percent year-on-year in the second quarter of 2017, below 6.1 percent in the
previous period and market expectations of 6.6 percent. It remains the weakest growth rate since the first
quarter of 2014 due to a slowdown in consumer spending and exports. On the production side, manufacturing
and agriculture eased. Figures for the second quarter of 2017 mark the third consecutive period of slowing
growth, following the demonetization program started in November of 2016 that removed 86 percent of India's
currency in circulation.

Year-on-year, lower growth rates were recorded for private spending (6.7 percent compared to 7.3 percent in the
previous period); government consumption (17.2 percent compared to 31.9 percent) and exports (1.2 percent
compared to 10.3 percent) while imports rose at a faster 13.4 percent (11.9 percent). On the other hand, gross fixed
capital formation rose 1.6 percent, following a 2 percent drop in the first three months of the year.

The Gross Value Added, that is, GDP excluding taxes, increased 5.6 percent year-on-year in Q2 of 2017, the same as
in the previous quarter. Mining and quarrying shrank 0.7 percent (+6.4 percent in the previous qurter) and slowdowns
were recorded for manufacturing (1.2 percent compared to 5.3 percent); agriculture (2.3 percent compared to 5.2
percent) and public administration and defence (9.5 percent compared to 17 percent). On the other hand, faster
increases were recorded for trade, hotels, transport and communication (11.1 percent compared to 6.5 percent); financial and real estate activities (6.4 percent compared to
2.2 percent) and utilities (7 percent compared to 6.1 percent).

Joana Taborda | joana.taborda@tradingeconomics.com

8/31/2017 12:31:02 PM

Recent Releases

India GDP Growth Unexpectedly Slows To 6.1% In Q1 (/articles/05312017132425.htm)

The Indian economy advanced 6.1 percent year-on-year in the first quarter of 2017, slowing sharply from a 7 percent expansion in the previous period and well below
market expectations of 7.1 percent. It is the lowest growth rate since the last quarter of 2014, due to a slowdown in consumer spending and a drop in investment,
following the demonetization program started in November of 2016 that removed 86 percent of India's currency in circulation. In addition, the government changed the
GDP base year for 2011-2012 from 2004-2005. The same change was made earlier for industrial production and wholesale prices indexes, with adjustments in the
weights of the different industries. Considering the April 2016-March 2017 period, the economy advanced 7.1 percent, in line with the official estimate but below 8 percent
in the previous year.
Published on 2017-05-31

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9/11/2017 India GDP Annual Growth Rate | 1951-2017 | Data | Chart | Calendar

India GDP Growth Beats Expectations in Q4 (/articles/02282017130008.htm)

The Indian economy advanced 7 percent year-on-year in the last three months of 2016, slowing from an upwardly revised 7.4 percent rise in the previous quarter but
beating expectations of a 6.4 percent growth. The expansion was mainly driven by a surge public spending and agriculture. The GDP is expected to grow 7.1 percent in
the fiscal year ending in March 2017.
Published on 2017-03-02

Indian Economy Expands 7.3% YoY In Q3 (/articles/11302016123846.htm)

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.
Published on 2016-11-30

India GDP Growth Slows to 7.1% YoY in Q2 (/articles/08312016132839.htm)

India's gross domestic product advanced 7.1 percent year-on-year in the second quarter of 2016, slowing from a 7.9 percent expansion in the previous period and
missing market expectations of 7.6 percent growth. It was the lowest reading since the fourth quarter of 2014, as private consumption expanded at a slower pace while
fixed investment dropped further.
Published on 2016-08-31

Calendar GMT Actual Previous Consensus TEForecast

2017-02-28 12:15 PM GDP Growth Rate YoY 7% 7.4% 6.4% 6.6%

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 5.7% 7%

+ (../calendar)

India GDP Last Previous Highest Lowest Unit

GDP Growth Rate (/india/gdp-growth) 1.50 1.50 6.20 -2.30 percent [+] (/india/gdp-growth)

GDP Annual Growth Rate (/india/gdp-growth-annual) 5.70 6.10 11.40 -5.20 percent [+] (/india/gdp-growth-annual)

GDP (/india/gdp) 2263.52 2111.75 2263.52 36.54 USD Billion [+] (/india/gdp)

GDP Constant Prices (/india/gdp-constant-prices) 31101.45 32284.27 32284.27 7500.43 INR Billion [+] (/india/gdp-constant-prices)

Gross National Product (/india/gross-national-product) 12034713.00 11246305.00 12034713.00 8659215.00 INR Tens Of [+] (/india/gross-national-
Million product)

Gross Fixed Capital Formation (/india/gross-fixed-capital- 9275.06 9190.40 9384.88 2021.90 INR Billion [+] (/india/gross-fixed-capital-
formation) formation)

GDP per capita (/india/gdp-per-capita) 1861.50 1758.00 1861.50 304.20 USD [+] (/india/gdp-per-capita)

GDP per capita PPP (/india/gdp-per-capita-ppp) 6092.60 5754.10 6092.60 1737.60 USD [+] (/india/gdp-per-capita-ppp)

GDP From Agriculture (/india/gdp-from-agriculture) 3897.32 4493.13 5468.54 2690.55 INR Billion [+] (/india/gdp-from-
agriculture)

GDP From Construction (/india/gdp-from-construction) 2339.19 2197.52 2339.19 1855.78 INR Billion [+] (/india/gdp-from-
construction)

GDP From Manufacturing (/india/gdp-from-manufacturing) 5131.39 5331.94 5331.94 3305.81 INR Billion [+] (/india/gdp-from-
manufacturing)

GDP From Mining (/india/gdp-from-mining) 859.11 988.17 988.17 551.10 INR Billion [+] (/india/gdp-from-mining)

GDP From Public Administration (/india/gdp-from-public- 3493.56 3709.73 3734.83 2328.98 INR Billion [+] (/india/gdp-from-public-
administration) administration)

GDP From Utilities (/india/gdp-from-utilities) 652.89 593.20 652.89 463.21 INR Billion [+] (/india/gdp-from-utilities)

+ (indicators)

India GDP Annual Growth Rate Notes

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9/11/2017 India GDP Annual Growth Rate | 1951-2017 | Data | Chart | Calendar
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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency

5.70 6.10 11.40 -5.20 1951 - 2017 percent Quarterly NSA, 2011-12 Prices

Gdp Annual Growth Rate by Country

World (https://tradingeconomics.com/country-list/gdp-annual-growth-rate) Europe (https://tradingeconomics.com/country-list/gdp-annual-growth-rate?continent=europe)

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Last

China (/china/gdp-growth-annual) 6.90 Jun/17

India (/india/gdp-growth-annual) 5.70 Jun/17

Turkey (/turkey/gdp-growth-annual) 5.10 Jun/17

Indonesia (/indonesia/gdp-growth-annual) 5.01 Jun/17

Canada (/canada/gdp-growth-annual) 3.70 Jun/17

Netherlands (/netherlands/gdp-growth-annual) 3.30 Jun/17

Spain (/spain/gdp-growth-annual) 3.10 Jun/17

South Korea (/south-korea/gdp-growth-annual) 2.70 Jun/17

Russia (/russia/gdp-growth-annual) 2.50 Jun/17

Euro Area (/euro-area/gdp-growth-annual) 2.30 Jun/17

United States (/united-states/gdp-growth-annual) 2.20 Jun/17

Germany (/germany/gdp-growth-annual) 2.10 Jun/17

Australia (/australia/gdp-growth-annual) 1.80 Jun/17

Mexico (/mexico/gdp-growth-annual) 1.80 Jun/17

France (/france/gdp-growth-annual) 1.70 Jun/17

United Kingdom (/united-kingdom/gdp-growth-annual) 1.70 Jun/17

Italy (/italy/gdp-growth-annual) 1.50 Jun/17

Japan (/japan/gdp-growth-annual) 1.40 Jun/17

Brazil (/brazil/gdp-growth-annual) 0.30 Jun/17

Switzerland (/switzerland/gdp-growth-annual) 0.30 Jun/17

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