GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at 33.14 lakh crore INR, showing a contraction of 7.54 percent over the corresponding quarter of previous year. Now growth rate for FY21 stands at -15.67%. GDP growth rate was 4.42% in the year-earlier quarter and -23.92% in the preceding one.
Since 2012-13, India attained maximum growth of 9.62 percent in Q2 of 2016-17. The Q4 of FY16 was other quarter when growth rate was above 9 percent.
Quarterly GVA at Basic Price at Constant (2011-12) Prices for 2020-21 (Q1) is estimated at 30.49 lakh crore, showing a contraction of 7.00 percent over the corresponding quarter of previous year.
GVA growth rates of Agriculture & allied, Industry, and Services sector are 3.39%, -2.08%, and -11.43%, respectively. The 'Electricity, gas, water supply & other utility services' has registered highest growth rate of 4.43% percent in Q2 of 2020-21 over Q2 of 2019-20. 'Trade, hotels, transport, communication and services related to broadcasting' sector has seen highest decline of over 15 percent, followed by 'Public Administration, defence and other services' (-12.21 percent).
Nominal GDP growth, a measure of GDP without adjusting for inflation, declined 4.04%. The lowest nominal growth rate of 22.57% 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 | |
| 2020-21 | -23.92 | -7.54 | - | - | -15.67 | -22.57 | -4.04 | - | - | -13.30 |
| 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 | 5.78 | 6.47 | 7.64 | 8.18 | 7.04 | 10.10 | 11.13 | 11.64 | 11.40 | 11.09 |
| 2018-19 | 7.10 | 6.20 | 5.59 | 5.67 | 6.12 | 13.57 | 11.40 | 11.36 | 7.89 | 10.95 |
| 2019-20 | 5.24 | 4.42 | 4.08 | 3.09 | 4.18 | 8.06 | 5.87 | 7.39 | 7.53 | 7.21 |
| Year | GDP (crore INR) at 2011-12 prices | GDP (crore INR) at current prices | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 | Total | Q1 | Q2 | Q3 | Q4 | Total | |
| 2020-21 | 2,689,556 | 3,314,167 | - | - | 6,003,723 | 3,808,193 | 4,722,068 | - | - | 8,530,261 |
| 2011-12 | 2,102,863 | 2,042,870 | 2,225,135 | 2,365,461 | 8736331 | 2,043,496 | 2,029,469 | 2,244,852 | 2,418,511 | 8736330 |
| 2012-13 | 2,205,223 | 2,195,946 | 2,344,767 | 2,467,082 | 9213017 | 2,313,203 | 2,356,953 | 2,548,378 | 2,725,479 | 9944013 |
| 2013-14 | 2,347,396 | 2,357,079 | 2,497,997 | 2,598,898 | 9801370 | 2,565,374 | 2,686,203 | 2,921,070 | 3,060,874 | 11233522 |
| 2014-15 | 2,535,751 | 2,562,242 | 2,645,947 | 2,783,733 | 10527674 | 2,914,393 | 3,053,982 | 3,184,917 | 3,314,667 | 12467959 |
| 2015-16 | 2,728,279 | 2,768,087 | 2,836,387 | 3,036,738 | 11369493 | 3,243,543 | 3,355,884 | 3,476,632 | 3,695,814 | 13771874 |
| 2016-17 | 2,965,088 | 3,035,756 | 3,079,622 | 3,227,728 | 12308193 | 3,639,775 | 3,754,117 | 3,875,007 | 4,122,771 | 15391669 |
| 2017-18 | 3,136,572 | 3,232,072 | 3,314,801 | 3,491,719 | 13175160 | 4,007,453 | 4,172,122 | 4,326,105 | 4,592,624 | 17098304 |
| 2018-19 | 3,359,162 | 3,432,553 | 3,500,033 | 3,689,674 | 13981426 | 4,551,224 | 4,647,831 | 4,817,413 | 4,954,770 | 18971237 |
| 2019-20 | 3,535,267 | 3,584,335 | 3,642,748 | 3,803,601 | 14565951 | 4,918,228 | 4,920,694 | 5,173,234 | 5,327,693 | 20339849 |
| 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 | 3.37 | 3.39 | - | - | 5.69 | 7.7 | - | - |
| 1.1 | Agriculture,forestry & fishing | 3.37 | 3.39 | - | - | 5.69 | 7.7 | - | - |
| 2 | Industry Sector | -38.08 | -2.08 | - | - | -39.47 | -2.7 | - | - |
| 2.1 | Mining & quarrying | -23.27 | -9.14 | - | - | -41.32 | -17.95 | - | - |
| 2.2 | Manufacturing | -39.30 | 0.62 | - | - | -39.32 | 1.75 | - | - |
| 2.3 | Electricity, gas, water supply & other utility services | -7.05 | 4.43 | - | - | -5.29 | -3.13 | - | - |
| 2.4 | Construction | -50.25 | -8.59 | - | - | -51.38 | -8.38 | - | - |
| 3 | Services Sector | -20.64 | -11.43 | - | - | -18.40 | -7.55 | - | - |
| 3.1 | Trade, hotels, transport, communication and services related to broadcasting | -47.01 | -15.55 | - | - | -47.36 | -10.29 | - | - |
| 3.2 | Financial, real estate & prof servs | -5.33 | -8.09 | - | - | -4.35 | -5.79 | - | - |
| 3.3 | Public Administration, defence and other services | -10.26 | -12.21 | - | - | -5.05 | -7.37 | - | - |
| GVA at basic prices | -22.81 | -7.00 | - | - | -20.57 | -4.16 | - | - | |