India's GDP growth rate:
Here's a breakdown of India's GDP growth rate:
Current Growth Rate:
- India's GDP growth rate is dynamic and subject to change. To get the most accurate and up-to-date information, you'll need to refer to official sources (listed below).
Recent Trends:
- COVID-19 Impact: The pandemic caused a significant contraction in India's economy during 2020. However, there was a strong rebound in 2021.
- Recent Quarters: India's economy has shown signs of slowing down in recent quarters, but growth remains relatively strong compared to other major economies.
Where to Find the Latest GDP Growth Rate:
- Ministry of Statistics and Programme Implementation (MoSPI), Government of India: The official source for India's GDP data. (https://mospi.gov.in/)
- World Bank: Provides reliable data on India's GDP growth rate. (https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=IN)
- International Monetary Fund (IMF): Another source for India's GDP data. (https://www.imf.org/en/Countries/IND)
Things to keep in mind when looking at GDP Growth Rates:
- GDP growth rates can fluctuate from quarter to quarter.
- Look at longer-term trends to get a better picture of the economy's overall health.
- GDP growth rate is just one indicator of economic performance. It's important to consider other factors like inflation, employment, and income distribution.
Indian GDP History
Here is the historical GDP growth rate of India:
- 2022: 7.00% (a 2.05% decline from 2021)1
- 2021: 9.05% (a 14.88% increase from 2020)1
- 2020: -5.83% (a 9.70% decline from 2019)1
- 2019: 3.87% (a 2.58% decline from 2018)1
- 2018: 6.45% (a 0.34% decline from 2017)1
Please note that these figures are based on constant 2010 U.S. dollars1. The GDP growth rate can vary significantly from year to year, influenced by factors such as government policies, global economic conditions, and domestic economic activities
