India GDP

The GDP of India with regards to purchasing power parity is approximately 4.463 trillion dollars, which places it in the 4th position in the world. With regards to official exchange rate its GDP is close to $1.843 trillion.

At the end of 2011 the real growth rate of India GDP was approximately 7.8 percent, which gives it the 15th rank from a global perspective. In 2010 this was almost 10.1% and in 2009 it was close to 6.8%.

The per capita (PPP) GDP of India is approximately 3700 US dollars, which places it in the 163rd position from a global perspective. In 2010 this figure stood at almost $3500 and in the previous year this was at $3200.

Sectoral Composition of India GDP
As per the figures available for 2011 fiscal, almost 52 percent of India’s GDP comes from the agricultural sector and the services sector is the second biggest contributor with 34 percent. The industrial sector contributes almost 14 percent of India’s GDP.

Agriculture and Other Allied Activities Contribution to GDP

Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-05135745108879172401148401
2005-06139404113023185750156309
2006-07144790116947193209164245
2007-08151336122418211649169677
2008-09154307123389204748171675
2009-10156740126524201853177390
2010-11161614132668224044190778
2011-12167548136806230359193955


Mining and Quarrying Contribution to India GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-0520275200672174422943
2005-0621110196492174523636
2006-0722187209012360825882
2007-0822391218372462027149
2008-0922903221252522626989
2009-1024616236762658229351
2010-1126304253982820029520
2011-1226251240162740330798


Manufacturing Contribution to India GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-05104208116104115718122684
2005-06117187120670126161134992
2006-07131954137611143788157084
2007-08148701152128158009170214
2008-09159042162174162114172445
2009-10167571176550180421195187
2010-11182895187309194435209523
2011-12196170192790195509208999


Electricity, Gas and Water Supply Contribution to GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-0515369157381567115898
2005-0616775164481673717161
2006-0718054180761856118667
2007-0819839196791982320084
2008-0920687207232082321110
2009-1021902221752165622533
2010-1122541222412248023684
2011-1224333244242450924839


Construction Contribution to GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-0554628553205793460973
2005-0660665608886669369877
2006-0767520671837281777278
2007-0875338765218035283178
2008-0982403816738091187571
2009-1086032863778833994970
2010-11932649155796000103378
2011-129653997317102376108385


Trade, Hotel, Transport and Communications Contribution to India GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-05166536173240186971200973
2005-06189062194038208192225403
2006-07208411217544233919251680
2007-08234697239445258240279431
2008-09257700261944272156295776
2009-10279250289020301003327941
2010-11314546319798330117365994
2011-12357883350263363101391527


Finance, Insurance, Real Estate and Business Services Contribution to GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-05105870106130110428114744
2005-06117760119871123364131482
2006-07133638136440141377149923
2007-08150540153509158429165897
2008-09168259170953177881189619
2009-10187106189145192558201074
2010-11205861208815214205221114
2011-12225165229498233758243294


Community, Social and Personal Services Contribution to GDP


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-0592414100785100215117947
2005-0698447107946107861125904
2006-07104767111540109432126981
2007-08109294119536115429139569
2008-09118993131515142649152027
2009-10134423156838154070164765
2010-11140384163941152857180493
2011-12144849173869162710193275


India Gross Domestic Product at Factor Cost


Year 1st Quarter statistics in INR crores2nd Quarter statistics in INR crores3rd Quarter statistics in INR crores4th Quarter statistics in INR crores
2004-05695045690774781082804564
2005-06760412752534856505884765
2006-07831321826243936709971738
2007-0891213590507510265521055198
2008-0998429397449610865071117212
2009-101057641107030511664821213211
2010-111147409115172512623381324484
2011-121238738122898213397241395071


India GDP 2012-13
HSBC, a leading global bank has stated that in 2012-13 fiscal India’s chronological and yearly growth will be a moderate one. It had previously stated that in the same period India’s GDP will grow by 7.5 percent but has now brought down the forecast to 6.2%. HSBC opines that in 2014 India will see a better growth rate of almost 7.4 percent – previously it had forecast 8.2 percent for the period.

Leif Eskesen, an economist with HSBC, has stated that the year has started off on a weak note and reforms in the supply sector have been rather slow. The global economy is also taking a lot more time than expected to recover and all this has led to revaluate their previous growth forecasts.

HSBC has also stated that there are plenty of difficulties in the Indian administration and domestic policies are in a paralyzed state. The bank feels that these factors will restrict the amount of investment being done in India and limit its economic progress in the immediate future. It feels that things can improve in the second part of the fiscal.

HSBC opines that in the present circumstances the RBI might feel forced to take a step and reduce the rates. The changes are likely to be made on June 18, 2012 and there could be a deduction of almost 25 basis points. This will happen in spite of the consistent inflation.

The bank also states that the rate at which demand is going up, there could be risk of further inflation. It has called for the economic structure to be reformed with greater efficiency and stressed that this needs to be done quickly.

India’s GDP statistics for the first three months of 2012 were not at par with expectations. During April the rate of industrial production was pretty unimpressive as well when compared on a year-on-year basis and to March 2012.

The fact that India has not been able to effect useful structural improvements has hampered its possible growth as well. In the final quarter the national economy grew at 6.1 percent and in the next quarter it came down to 5.3%, which is the lowest figure recorded after 2004.

However, inflation rate is still pretty high in India. In May 2012, the WPI inflation increased to 7.55 percent as opposed to 7.23% in April. At present the CPI inflation rate is more than 10 percent.

HSBC states that inflation rate can come down to certain extent owing to reduction in oil prices and moderate economic growth but the exchange rate is still weak and India’s overall economic capacity is somewhat restricted and all these factors can keep the inflation factor in play.

India GDP
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Last Updated on 06/18/2012