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India GDP Annual Growth Rate

Last Release
Mar 31, 2022
Actual
4.1
Units In
%
Previous
5.4
Frequency
Quarterly
Next Release
Aug 31, 2022
Time to Release
1 Months 26 Days 14 Hours
Highest
Lowest
Average
Date Range
Source
20.1
Jun 2021
-24.4
Jun 2020
5.8 %1951-2022Ministry of Statistics and Programme Implementation (MOSPI)
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.

Latest Updates

The Indian GDP grew 4.1% year-on-year in the first three months of 2022, slightly higher than market forecasts of 4%, but the least in a year, due to rising Omicron infections, elevated energy prices, and ongoing supply chain constraints. A slowdown was seen in mining and quarrying (6.7% vs 9.2% in Q4) and communication (5.3% vs 6.3%) while manufacturing output edged 0.2% lower (vs +0.3%). On the other hand, faster increases were seen for utilities (4.5% vs 3.7%) and the farm sector (4.1% vs 2.5%) while construction rebounded (2% vs -2.8%). On the consumption side, household spending slowed sharply (1.8% vs 7.4% in Q4) and both exports (16.9% vs 23.1%) and imports (18% vs 33.6%) growth also eased. In contrast, government spending increased more (4.8% vs 3%), and gross fixed capital formation accelerated (5.1% vs 2.1%). Considering the fiscal year ended in March 2022, the economy advanced 8.7%. RBI estimates the GDP growth rate for FY 2023 at 7.2%.

India GDP Annual Growth Rate History

Last 12 readings

India GDP Indicators

All India indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
2,622.98
Dec 2020
2,870.5
Dec 2019
37.03
Dec 1960
2,870.5
Dec 2019
USD BillionYearly1960-2020
GDP Annual Growth Rate
4.1
Mar 2022
5.4
Dec 2021
-24.4
Jun 2020
20.1
Jun 2021
%Quarterly1951-2022
GDP Constant Prices
40,780.25
Mar 2022
38,218.78
Dec 2021
7,500.43
Jun 2004
40,780.25
Mar 2022
INR BillionQuarterly2004-2022
GDP From Agriculture
5,688.8
Mar 2022
6,626.88
Dec 2021
2,690.74
Sep 2011
6,626.88
Dec 2021
INR BillionQuarterly2011-2022
GDP From Construction
3,382.83
Mar 2022
2,670.74
Dec 2021
1,314.39
Jun 2020
3,382.83
Mar 2022
INR BillionQuarterly2011-2022
GDP From Manufacturing
6,764.14
Mar 2022
5,922.68
Dec 2021
3,331.04
Sep 2011
6,764.14
Mar 2022
INR BillionQuarterly2011-2022
GDP From Mining
990.2
Mar 2022
800.95
Dec 2021
97.78
Mar 2019
1,056.74
Mar 2017
INR BillionQuarterly2011-2022
GDP From Public Administration
4,939.11
Mar 2022
5,082.61
Dec 2021
2,328.98
Jun 2011
5,082.61
Dec 2021
INR BillionQuarterly2011-2022
GDP From Utilities
786.94
Mar 2022
742.22
Dec 2021
463.02
Jun 2011
863.3
Sep 2021
INR BillionQuarterly2011-2022
GDP Growth Rate
0.8
Mar 2022
1.84
Dec 2021
-25.3
Jun 2020
24.1
Sep 2020
%Quarterly1996-2022
GDP per capita
1,797.76
Dec 2020
1,972.76
Dec 2019
302.67
Dec 1960
1,972.76
Dec 2019
USDYearly1960-2020
GDP per capita PPP
6,118.36
Dec 2020
6,713.93
Dec 2019
1,795.3
Dec 1991
6,713.93
Dec 2019
USDYearly1990-2020
Gross Fixed Capital Formation
13,710.9
Mar 2022
11,520.14
Dec 2021
2,021.9
Mar 2002
13,710.9
Mar 2022
INR BillionQuarterly2001-2022
Gross National Product
14,536,732
Dec 2021
13,280,223
Dec 2020
5,442,938
Dec 2004
14,536,732
Dec 2021
INR Tens Of MillionYearly2004-2021

GDP Annual Growth Rate across Asia

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
-1.93
Dec 2020
3.19
Dec 2019
-1.93
Dec 2020
17.2
Dec 2009
% Yearly2007-2020
Azerbaijan
6.8
Mar 2022
47.26
Dec 2021
-6.75
Sep 2020
47.26
Dec 2021
% Quarterly2001-2022
Bhutan
-10.08
Dec 2020
5.8
Dec 2019
-10.08
Dec 2020
17.9
Dec 2008
% Yearly1996-2020
Brunei
-1.4
Dec 2021
-2.2
Sep 2021
-8.1
Dec 2013
7.1
Dec 2019
% Quarterly2004-2021
Cambodia
-3.1
Dec 2020
7.1
Dec 2019
-3.1
Dec 2020
13.3
Dec 2005
% Yearly1994-2020
China
4.8
Mar 2022
4
Dec 2021
-6.8
Mar 2020
18.3
Mar 2021
% Quarterly1989-2022
Hong Kong
-4
Mar 2022
4.7
Dec 2021
-9.1
Mar 2020
20.5
Dec 1976
% Quarterly1974-2022
India
4.1
Mar 2022
5.4
Dec 2021
-24.4
Jun 2020
20.1
Jun 2021
% Quarterly1951-2022
Indonesia
5.01
Mar 2022
5.02
Dec 2021
-5.32
Jun 2020
7.16
Dec 2004
% Quarterly2000-2022
Japan
0.2
Mar 2022
0.4
Dec 2021
-10.1
Jun 2020
9.4
Mar 1988
% Quarterly1981-2022
Kazakhstan
4.4
Mar 2022
4
Dec 2021
-9.2
Sep 1995
14.1
Jun 2001
% Quarterly1995-2022
Kyrgyzstan
4.5
Mar 2022
3.61
Dec 2021
-20.08
Dec 1994
16.4
Mar 2010
% Quarterly1994-2022
Laos
0.4
Dec 2020
5.5
Dec 2019
0.4
Dec 2020
9.9
Dec 1989
% Yearly1989-2020
Macao
-8.9
Mar 2022
18
Dec 2021
-66.3
Jun 2020
68.8
Jun 2021
% Quarterly2002-2022
Malaysia
5
Mar 2022
3.6
Dec 2021
-17.2
Jun 2020
16.1
Jun 2021
% Quarterly2000-2022
Maldives
76.5
Sep 2021
71.6
Jun 2021
-52.5
Jun 2020
76.5
Sep 2021
% Quarterly1997-2021
Mongolia
-3.8
Mar 2022
1.4
Dec 2021
-10.1
Mar 2020
20.6
Sep 2011
% Quarterly1991-2022
Myanmar
-10
Dec 2020
1.69
Dec 2019
-10
Dec 2020
13.84
Dec 2003
% Yearly1994-2020
Nepal
4
Dec 2020
-2.1
Dec 2019
-2.1
Dec 2019
8.6
Dec 1993
% Yearly1993-2020
North Korea
-4.5
Dec 2020
0.4
Dec 2019
-6.5
Dec 1997
6.1
Dec 1999
% Yearly1990-2020
Pakistan
3.94
Dec 2021
-0.47
Dec 2020
-1.8
Dec 1952
10.22
Dec 1954
% Yearly1952-2021
Philippines
8.3
Mar 2022
7.8
Dec 2021
-17
Jun 2020
12
Dec 1988
% Quarterly1982-2022
Singapore
3.7
Mar 2022
6.1
Dec 2021
-13.3
Jun 2020
18.6
Jun 2010
% Quarterly1976-2022
South Korea
3
Mar 2022
4.2
Dec 2021
-7.3
Jun 1998
20.8
Dec 1969
% Quarterly1961-2022
Sri Lanka
1.8
Dec 2021
-1.5
Sep 2021
-16.4
Jun 2020
16.12
Mar 2012
% Quarterly2003-2021
Taiwan
3.14
Mar 2022
5.32
Dec 2021
-7.88
Mar 2009
17.26
Sep 1978
% Quarterly1962-2022
Tajikistan
9.2
Dec 2021
8.7
Jun 2021
-32.3
Dec 1992
11
Dec 2003
% Quarterly1992-2021
Thailand
2.2
Mar 2022
1.8
Dec 2021
-12.5
Jun 1998
15.5
Dec 2012
% Quarterly1994-2022
Timor-Leste
-6.8
Dec 2020
3.1
Dec 2019
-6.8
Dec 2020
16.3
Dec 2001
% Yearly2001-2020
Turkmenistan
6.2
Dec 2021
5.9
Dec 2020
-17.3
Dec 1994
16.5
Dec 1999
% Yearly1994-2021
Uzbekistan
5.8
Mar 2022
7.4
Dec 2021
0.8
Sep 2020
9.8
Sep 2007
% Quarterly2002-2022
Vietnam
7.72
Jun 2022
5.03
Mar 2022
-6.02
Sep 2021
8.48
Dec 2007
% Quarterly2000-2022

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