Name: India GDP Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: India,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The gross domestic product in India expanded 1.6% quarter-on-quarter in the three months to December 2024, accelerating from a 1.4% growth in the previous period, marking the fastest economic expansion in three quarters, according to OECD. source: OECD

The Gross Domestic Product (GDP) in India expanded 1.60 percent in the fourth quarter of 2024 over the previous quarter. GDP Growth Rate in India averaged 1.64 percent from 1996 until 2024, reaching an all time high of 22.60 percent in the third quarter of 2020 and a record low of -22.80 percent in the second quarter of 2020. This page provides - India GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India GDP Growth Rate - values, historical data and charts - was last updated on March of 2025.

The Gross Domestic Product (GDP) in India expanded 1.60 percent in the fourth quarter of 2024 over the previous quarter. GDP Growth Rate in India is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India GDP Growth Rate is projected to trend around 0.90 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Fiscal Year GDP Growth	6.50	9.20	percent	Mar 2025
GDP	3567.55	3353.47	USD Billion	Dec 2023
GDP Growth Rate YoY	6.20	5.60	percent	Dec 2024
GDP Constant Prices	4716992.50	4492230.08	INR Billion	Dec 2024
GDP Growth Rate	1.60	1.40	percent	Dec 2024

India GDP Growth Rate

In India, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Indian economy during the quarter. India is the world’s sixth largest economy and the second most populous. 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.