India GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

7.4

Units In

5.4

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

2 Months 28 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
20.1 Jun 2021	-24.4 Jun 2020	5.91 %	1951-2025	Ministry 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 expanded 7.4% from the previous year in the March quarter of 2025, accelerating from the upwardly revised 6.4% growth in the earlier period and sharply above market expectations of a 6.7% rise, marking the sharpest growth rate of the fiscal year. The recovery pointed to traction in Indian economic growth after a period of softening, as lower food and energy prices improved eased benchmark interest rates and spurred investment, while India's low dependence on exports made it robust to global tariff threats. Gross fixed capital formation surged by 9.4% in the period, the most in nearly two years, and private consumption expanded by 6%. In the meantime, the net foreign demand had a positive impact in the GDP growth, with exports rising by 3.9%, while imports slumped by 12.7%. Regarding the full fiscal year of 2025, the Indian GDP expanded by 6.5%, the least in four years.