GDP Growth of India

Source	Ministry of Statistics and Programme Implementation : (2004-17), (2011-21)
	World Bank
	IMF World Economic Outlook (April - 2021)
Date	08 Jun 2021

According to the IMF World Economic Outlook (April-2021), India's GDP growth rate in 2021 is projected at 12.55%. India is in 5th position out of 193 economies. India is among six economies that will experience a double-digit growth rate in 2021. With a 7.965% contraction in 2020, India is at the 150th position.

India was among the top ten growing economies in two years, 2016 (7th out of 203) and 2015 (9th out of 204).

Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2020-21 is estimated at -7.25 percent compared to the growth rate of 4.04 percent in 2019-20. The growth in the gross domestic product in 2020-21 is the slowest since 1950-51.

GVA growth rates of the Agriculture & allied, Industry, and Services sectors are 3.63%, -6.96%, and -8.36%, respectively. India has registered the highest growth of 3.63% in the 'Agriculture, forestry & fishing' sector and lowest -18.2% in 'Trade, hotels, transport, communication and services related to broadcasting' sector. Overall GVA growth at constant prices is -6.16%.

With GDP growth rates of -2.97% at current prices in 2019-20, India has recorded the lowest nominal growth rate in the 2011-12 series. In 2004-05 series, it is 2nd lowest after -6.06 in 1954-55. GVA growth rates of the Agriculture & allied, Industry, and Services sectors are 6.56%, -5.61%, and -4.86%, respectively. Overall GVA growth at current prices is -2.96%.

In the 2004-05 series, the average growth rate from 1951 to 2014 stands at 4.96%, reaching an all-time high of 10.16% in 1988-89 and a record low of -5.2% in 1979-80. In 4 years, growth was negative.

Growth (2011-12 series)

Year	Growth rate (%) at 2011-12 prices				Growth rate (%) at current prices (%)
Year	GDP	GVA	GNI	NNI	GDP	GVA	GNI	NNI
2005-06	7.92	8.28	7.90	7.74	13.99	14.55	13.97	13.99
2006-07	8.06	8.05	7.99	7.83	17.14	17.37	17.07	17.27
2007-08	7.66	7.38	8.05	7.77	15.14	14.99	15.56	15.49
2008-09	3.09	4.31	2.91	2.24	12.56	15.20	12.36	11.87
2009-10	7.86	6.86	7.86	7.53	15.46	15.51	15.46	15.35
2010-11	8.50	8.03	7.96	7.83	19.92	18.56	19.35	19.84
2011-12	5.24	5.22	5.45	5.00	14.43	14.45	14.65	14.59
2012-13	5.46	5.42	5.14	4.54	13.82	13.52	13.49	13.23
2013-14	6.39	6.05	6.31	5.98	12.97	12.61	12.89	12.91
2014-15	7.41	7.15	7.48	7.53	10.99	11.01	11.06	10.92
2015-16	8.00	8.03	7.99	8.02	10.46	9.30	10.48	10.79
2016-17	8.26	7.97	8.27	8.21	11.76	11.06	10.76	10.94
2017-18	6.80	6.23	6.87	6.74	11.03	11.03	12.12	12.21
2018-19	6.53	5.90	6.56	6.36	10.51	10.68	10.53	10.33
2019-20	4.04	4.14	4.16	3.60	7.75	7.58	7.88	7.72
2020-21	-7.25	-6.16	-7.23	-7.38	-2.97	-2.96	-2.96	-2.96

Per capita growth (2011-12 series)

Year	Per capita Growth rate (%) at 2011-12 prices			Per capita Growth rate (%) at current prices (%)
Year	GDP	GNI	NNI	GDP	GNI	NNI
2005-06	6.27	6.24	6.09	12.24	12.22	12.24
2006-07	6.52	6.45	6.29	15.47	15.39	15.59
2007-08	6.15	6.53	6.26	13.52	13.93	13.87
2008-09	1.66	1.48	0.83	11.00	10.81	10.32
2009-10	6.39	6.38	6.06	13.88	13.88	13.77
2010-11	7.03	6.51	6.38	18.30	17.74	18.22
2011-12	2.31	2.51	2.08	11.24	11.46	11.39
2012-13	4.18	3.86	3.27	12.44	12.11	11.85
2013-14	5.02	4.95	4.63	11.52	11.44	11.46
2014-15	6.05	6.12	6.17	9.59	9.66	9.52
2015-16	6.65	6.65	6.67	9.08	9.11	9.41
2016-17	6.92	6.94	6.88	10.38	9.40	9.57
2017-18	5.58	5.65	5.52	9.77	10.84	10.93
2018-19	5.49	5.51	5.31	9.43	9.44	9.25
2019-20	2.96	3.08	2.52	6.63	6.76	6.60
2020-21	-8.24	-8.22	-8.36	-4.01	-3.99	-3.99

GDP growth
GDP per capita growth

Projections by IMF

Year	GDP Growth rate(%)
2020	-7.965
2021	12.546
2022	6.932
2023	6.816
2024	6.691
2025	6.623
2026	6.535

Estimates by World Bank

Year	Growth rate (%)		Rank/Total
Year	Growth	Per capita growth	GDP	GDP per capita
1961	3.723	1.670	57/93	55/93
1962	2.931	0.861	73/96	72/96
1963	5.994	3.836	40/96	40/96
1964	7.453	5.250	32/96	32/96
1965	-2.636	-4.640	92/96	92/96
1966	-0.055	-2.116	87/102	85/102
1967	7.826	5.595	21/105	17/105
1968	3.388	1.226	76/106	77/106
1969	6.540	4.270	44/108	48/108
1970	5.157	2.864	61/105	62/105
1971	1.643	-0.626	94/116	96/116
1972	-0.553	-2.816	103/116	106/116
1973	3.296	0.919	82/116	84/116
1974	1.185	-1.147	99/116	103/116
1975	9.150	6.645	14/118	18/118
1976	1.663	-0.653	97/120	99/120
1977	7.255	4.825	34/122	39/122
1978	5.713	3.323	58/128	65/128
1979	-5.238	-7.388	122/128	119/128
1980	6.736	4.299	36/129	39/129
1981	6.006	3.571	36/141	45/141
1982	3.476	1.094	47/145	56/145
1983	7.289	4.828	14/148	15/148
1984	3.821	1.464	74/148	82/148
1985	5.254	2.902	38/151	46/151
1986	4.777	2.475	55/152	58/152
1987	3.965	1.719	64/156	72/156
1988	9.628	7.299	22/159	28/159
1989	5.947	3.734	37/161	45/161
1990	5.533	3.365	44/162	52/162
1991	1.057	-0.984	106/171	105/171
1992	5.482	3.390	50/172	51/172
1993	4.751	2.707	56/175	58/174
1994	6.659	4.606	33/176	38/175
1995	7.574	5.530	26/178	37/177
1996	7.550	5.530	30/188	40/188
1997	4.050	2.123	103/188	107/188
1998	6.184	4.249	39/191	51/191
1999	8.846	6.898	17/192	20/192
2000	3.841	2.021	111/193	124/193
2001	4.824	3.027	55/197	66/197
2002	3.804	2.065	87/198	80/198
2003	7.860	6.094	31/203	32/203
2004	7.923	6.194	39/203	47/203
2005	7.923	6.232	34/204	39/204
2006	8.061	6.403	41/204	46/204
2007	7.661	6.048	52/205	54/205
2008	3.087	1.588	120/203	114/203
2009	7.862	6.351	18/204	11/204
2010	8.498	7.042	23/204	22/204
2011	5.241	3.894	75/204	71/204
2012	5.456	4.166	51/204	47/204
2013	6.386	5.135	34/204	21/204
2014	7.410	6.187	14/206	10/206
2015	7.996	6.797	9/205	8/205
2016	8.256	7.082	7/204	6/204
2017	6.795	5.666	23/204	18/204
2018	6.533	5.433	22/203	15/203
2019	4.042	2.993	63/198	56/198
2020	-7.965	-8.871	136/179	134/179

2004-05 series

Year	GDP Growth rate(%)
Year	2004-05 prices	current prices
2013-14	4.74	11.54
2012-13	4.47	11.88
2011-12	6.69	15.77
2010-11	8.91	18.66
2009-10	8.59	15.18
2008-09	6.72	15.75
2007-08	9.32	15.91
2006-07	9.57	16.60
2005-06	9.48	14.10
2004-05	7.05	13.16
2003-04	7.97	12.03
2002-03	3.88	7.75
2001-02	5.39	8.72
2000-01	4.15	7.67
1999-00	8.00	11.35
1998-99	6.68	15.28
1997-98	4.30	11.20
1996-97	7.97	16.38
1995-96	7.29	17.08
1994-95	6.39	16.80
1993-94	5.68	16.23
1992-93	5.36	14.70
1991-92	1.43	15.37
1990-91	5.29	16.49
1989-90	6.13	15.20
1988-89	10.16	19.34
1987-88	3.53	13.36
1986-87	4.31	11.50
1985-86	4.16	11.74
1984-85	3.96	12.30
1983-84	7.85	16.97
1982-83	2.92	11.72
1981-82	5.63	17.08
1980-81	7.17	19.51
1979-80	-5.20	9.12
1978-79	5.50	7.47
1977-78	7.47	14.13
1976-77	1.25	7.49
1975-76	9.00	6.21
1974-75	1.16	17.71
1973-74	4.55	22.55
1972-73	-0.32	10.00
1971-72	1.01	6.40
1970-71	5.01	6.38
1969-70	6.52	9.97
1968-69	2.61	5.46
1967-68	8.14	17.52
1966-67	1.02	13.82
1965-66	-3.65	4.71
1964-65	7.58	16.83
1963-64	5.06	14.29
1962-63	2.12	6.93
1961-62	3.10	5.53
1960-61	7.08	9.47
1959-60	2.19	5.04
1958-59	7.59	11.86
1957-58	-1.21	2.23
1956-57	5.69	19.38
1955-56	2.56	1.61
1954-55	4.25	-6.06
1953-54	6.09	8.89
1952-53	2.84	-1.38
1951-52	2.33	5.58