GDP growth rates at current prices in 2023-24 is 9.60%, India has recorded the 3rd lowest nominal growth rate since year 2003-04. In the 2011-12 series, the average growth rate in 1951-2024 stands at 5.04%, reaching an all-time high of 9.69% in 2021-22 and a record low of -5.78...
India's GDP growth rate rose to a pace of 7.8% y/y in the April-June quarter of 2023, compared with growth of 6.1% y/y in the January-March quarter of 2023, according to data released by India's National Statistical Office. The strong growth rate was despite high base ...
India is one of the fastest-growing economies in the world, driven primarily by its service, industrial, and agricultural sectors. It was projected to be the world’s fifth-largest economy in terms ofnominal gross domestic product (GDP)as of May 2024.1 India's economy grew at a rate of 8....
GDP (INR bn) 201,036 198,541 235,974 269,496 295,357 Economic Growth (Nominal GDP, ann. var. %) 6.4 -1.2 18.9 14.2 9.6 Agriculture (ann. var. %) 6.2 4.0 4.6 4.7 1.4 Services (ann. var. %) 6.4 -8.4 9.2 10.0 7.6 Latest Global GDP News 2-Dec-24 Serbia: GDP grows ...
YearNominal GDP (billions $)PPP GDP (billions Int. $)Nominal GDP capita ($)PPP GDP capita (Int. $)Growth (%) ChinaIndiaChinaIndiaChinaIndiaChinaIndiaChinaIndia 2023 17,794.80 3,549.92 34,643.70 14,537.40 12,614 2,485 24,558 10,176 5.200 7.584 2022 17,881.80 3,353.47 31,773.20 13,...
000croreandusingthebudgetedmagnitudeofnominalGDP,thefiscaldeficittoGDPratiomayincreasetocloseto6.1%.TheremaybefurtherpressureonthisnumberduetoaslippageinnominalGDPgrowthandanyshortfallinthebudgetedGTR.ThismaybereflectedinFY24RE.InFY25,theGoIshouldsignalamovementtowardsthestatedfiscaldeficittargetof4.5%ofGDPinFY26.If...
Gross Savings Rate (%)30.22023yearly1951 - 2023 Investment: % of GDP (%)32.8Jun 2024quarterlyJun 2004 - Jun 2024 Nominal GDP (USD mn)873,666.0Mar 2023quarterlyJun 1996 - Mar 2023 Nominal GDP Growth (%)9.666Jun 2024quarterlyJun 1997 - Jun 2024 ...
The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a youthful demographic profile and rapidly rising urban household incomes. India's nominal GDP measured in ...
Gross Savings Rate (%)30.22023yearly1951 - 2023 Investment: % of GDP (%)32.8Jun 2024quarterlyJun 2004 - Jun 2024 Nominal GDP (USD mn)873,666.0Mar 2023quarterlyJun 1996 - Mar 2023 Nominal GDP Growth (%)9.666Jun 2024quarterlyJun 1997 - Jun 2024 ...
Gross Domestic Product (GDP) of India grew by 6.1 per cent in Jan-Mar 2023, surpassing the estimated growth rate of quarter 4 (Q4) of 2022-23 at 5.1 per cent by the Reserve Bank of India (RBI) and 5.5 per cent by SBI research. According to the Reuters poll, Indian economy was exp...