The Indian GDP expanded 6.2% from the previous year in the December quarter of 2024, picking up from the upwardly revised 5.6% expansion in the earlier period but slightly below market expectations of a 6.3% growth rate. The rate consolidated the softening in India’s GDP growth, which was by far the fastest growing economy in the G20 up until last year, following a prolonged period of high energy and food prices, in addition to restrictive monetary policy and tight liquidity conditions by the RBI. Growth increased for private consumption expenditure (6.9% vs 5.9% in September quarter) and public expenditures (8.3% vs 3.8%), but slowed for gross fixed capital formation (5.7% vs 5.8%). In the meantime, net external demand contributed positively to the GDP as exports soared by 10.4% and imports softened by 1.1%. source: Ministry of Statistics and Programme Implementation (MOSPI)
The Gross Domestic Product (GDP) in India expanded 6.20 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in India averaged 6.01 percent from 1951 until 2024, reaching an all time high of 22.60 percent in the second quarter of 2021 and a record low of -23.10 percent in the second quarter of 2020. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2025.
The Gross Domestic Product (GDP) in India expanded 6.20 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in India is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India GDP Annual Growth Rate is projected to trend around 5.10 percent in 2026 and 5.00 percent in 2027, according to our econometric models.