GDP at constant (2011-12) prices in Q1 of 2021-22 is estimated at 32.38 lakh crore INR, showing a best-ever quarterly GDP growth rate of 20.13 percent over the corresponding quarter of the previous year. GDP growth rate was -24.43% in the year-earlier quarter and 1.64% in the preceding one. GDP growth rate Q1 of FY22 is -9.22% over the Q1 of FY20 when the growth rate was lowest ever.
Since 2012-13, India attained growth above 9 percent in Q2 of 2016-17 and Q4 of FY16.
Quarterly GVA at Basic Price at Constant (2011-12) Prices for 2020-21 (Q4) is estimated at 30.48 lakh crore, showing a growth of 18.77 percent over the corresponding quarter of the previous year.
GVA growth rates of Agriculture & allied, Industry and Services sector are 4.52%, 46.15%, and 11.42%, respectively. The 'Construction' has registered the highest growth rate of 68.33% percent in Q1 of 2021-22 over Q1 of 2020-21. On the other hand, the 'Financial, real estate & prof servs' sector has seen the lowest growth rate of 3.69 percent, followed by 'Agriculture, forestry & fishing' (4.52 percent).
Nominal GDP growth, a measure of GDP without adjusting for inflation, stands at 31.73% in Q1 of 2021-22. The lowest quarterly nominal growth rate of -22.29% was recorded in FY21 (Q1).
| Year | GDP growth at 2011-12 prices | GDP growth at current prices | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | |
| 2021-22 | 20.13 | - | - | - | 20.13 | 31.73 | - | - | - | 31.73 |
| 2012-13 | 4.87 | 7.49 | 5.38 | 4.30 | 5.46 | 13.20 | 16.14 | 13.52 | 12.69 | 13.82 |
| 2013-14 | 6.45 | 7.34 | 6.53 | 5.34 | 6.39 | 10.90 | 13.97 | 14.62 | 12.31 | 12.97 |
| 2014-15 | 8.02 | 8.70 | 5.92 | 7.11 | 7.41 | 13.60 | 13.69 | 9.03 | 8.29 | 10.99 |
| 2015-16 | 7.59 | 8.03 | 7.20 | 9.09 | 8.00 | 11.29 | 9.89 | 9.16 | 11.50 | 10.46 |
| 2016-17 | 8.68 | 9.67 | 8.58 | 6.29 | 8.26 | 12.22 | 11.87 | 11.46 | 11.55 | 11.76 |
| 2017-18 | 6.11 | 5.32 | 6.67 | 8.93 | 6.80 | 10.14 | 10.74 | 11.98 | 11.20 | 11.03 |
| 2018-19 | 7.56 | 6.49 | 6.33 | 5.84 | 6.45 | 13.89 | 11.93 | 12.18 | 4.71 | 10.59 |
| 2019-20 | 5.39 | 4.61 | 3.28 | 3.01 | 3.87 | 9.61 | 6.23 | 6.48 | 8.76 | 6.37 |
| 2020-21 | -24.43 | -7.44 | 0.46 | 1.64 | -5.78 | -22.29 | -4.39 | 5.25 | 8.72 | -1.24 |
| Year | GDP (crore INR) at 2011-12 prices | GDP (crore INR) at current prices | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | |
| 2021-22 | 3,238,020 | - | - | - | 3,238,020 | 5,122,877 | - | - | - | 5,122,877 |
| 2011-12 | 2,102,863 | 2,042,870 | 2,225,135 | 2,365,461 | 8,736,329 | 2,043,496 | 2,029,469 | 2,244,852 | 2,418,511 | 8,736,329 |
| 2012-13 | 2,205,223 | 2,195,946 | 2,344,767 | 2,467,082 | 9,213,017 | 2,313,203 | 2,356,953 | 2,548,378 | 2,725,479 | 9,944,013 |
| 2013-14 | 2,347,396 | 2,357,079 | 2,497,997 | 2,598,898 | 9,801,370 | 2,565,374 | 2,686,203 | 2,921,070 | 3,060,874 | 11,233,522 |
| 2014-15 | 2,535,751 | 2,562,242 | 2,645,947 | 2,783,733 | 10,527,674 | 2,914,393 | 3,053,982 | 3,184,917 | 3,314,667 | 12,467,959 |
| 2015-16 | 2,728,279 | 2,768,087 | 2,836,387 | 3,036,738 | 11,369,493 | 3,243,543 | 3,355,884 | 3,476,632 | 3,695,814 | 13,771,874 |
| 2016-17 | 2,965,088 | 3,035,756 | 3,079,622 | 3,227,728 | 12,308,193 | 3,639,775 | 3,754,117 | 3,875,007 | 4,122,771 | 15,391,669 |
| 2017-18 | 3,146,336 | 3,197,195 | 3,284,992 | 3,516,058 | 13,144,582 | 4,008,916 | 4,157,246 | 4,339,194 | 4,584,686 | 17,090,042 |
| 2018-19 | 3,384,141 | 3,404,720 | 3,492,973 | 3,721,482 | 13,992,914 | 4,565,593 | 4,653,178 | 4,867,698 | 4,800,488 | 18,899,668 |
| 2019-20 | 3,566,708 | 3,561,530 | 3,607,630 | 3,833,401 | 14,534,641 | 5,004,209 | 4,942,940 | 5,182,997 | 5,220,867 | 20,103,593 |
| 2020-21 | 2,695,421 | 3,296,718 | 3,624,266 | 3,896,335 | 13,694,869 | 3,888,824 | 4,726,016 | 5,454,921 | 5,675,909 | 19,854,096 |
| Sector | Growth (2020-21) at 2011-12 prices | Growth (2020-21) at current prices | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||
| 1 | Agriculture Sector | 4.52 | - | - | - | 11.12 | - | - | - |
| 1.1 | Agriculture,forestry & fishing | 4.52 | - | - | - | 11.12 | - | - | - |
| 2 | Industry Sector | 46.15 | - | - | - | 65.92 | - | - | - |
| 2.1 | Mining & quarrying | 18.58 | - | - | - | 66.37 | - | - | - |
| 2.2 | Manufacturing | 49.63 | - | - | - | 65.68 | - | - | - |
| 2.3 | Electricity, gas, water supply & other utility services | 14.26 | - | - | - | 17.16 | - | - | - |
| 2.4 | Construction | 68.33 | - | - | - | 97.96 | - | - | - |
| 3 | Services Sector | 11.42 | - | - | - | 17.71 | - | - | - |
| 3.1 | Trade, hotels, transport, communication and services related to broadcasting | 34.32 | - | - | - | 43.75 | - | - | - |
| 3.2 | Financial, real estate & prof servs | 3.69 | - | - | - | 10.61 | - | - | - |
| 3.3 | Public Administration, defence and other services | 5.81 | - | - | - | 10.75 | - | - | - |
| GVA at basic prices | 18.77 | - | - | - | 26.48 | - | - | - | |