Gross Domestic Product

Timelines
India exits recession, GDP grows 0.4% for Q3 2020-21

26 Feb 2021

India exits recession, GDP grows 0.4% for Q3 2020-21

India's economy grew by 0.4% in the third quarter of the financial year 2020-21, government data released on Friday showed.

Sensex ends 1,939 points lower; NIFTY below 14,600

26 Feb 2021

Sensex ends 1,939 points lower; NIFTY below 14,600

Domestic equity markets witnessed a strong downward trend on Friday, mirroring losses in other global markets.

Sitharaman tables Economic Survey; FY22 GDP growth pegged at 11%

29 Jan 2021

Sitharaman tables Economic Survey; FY22 GDP growth pegged at 11%

Union Finance Minister Nirmala Sitharaman on Friday tabled the Economic Survey 2021 in the Parliament.

India's 2020-21 GDP to shrink 7.7%, biggest contraction since 1952

07 Jan 2021

India's 2020-21 GDP to shrink 7.7%, biggest contraction since 1952

India's economy is estimated to contract 7.7% in the fiscal year 2020-21, according to the first advance estimates released by the National Statistical Office (NSO), the Ministry of Statistics & Programme Implementation (MoSPI).

World may lose $11.5 trillion due to COVID-19, says study

09 Dec 2020

World may lose $11.5 trillion due to COVID-19, says study

Due to the impact of the COVID-19 pandemic, the global economy may lose $11.5 trillion, including $5 trillion to $5.6 trillion in Gross Domestic Product (GDP), a study has suggested.

Climate change may cost Indian GDP $200bn by 2030: Report

26 Nov 2020

Climate change may cost Indian GDP $200bn by 2030: Report

The worsening effects of climate change may pose a massive risk of $200 billion to India's GDP (gross domestic product) by 2030, revealed a report by McKinsey Global Institute (MGI).

In a first, India enters technical recession, says RBI

12 Nov 2020

In a first, India enters technical recession, says RBI

India likely entered into a technical recession for the first time in its history at the end of the first half of 2020-21, according to the Reserve Bank of India (RBI).

India's GDP contracts by 23.9%; first contraction in 40+ years

31 Aug 2020

India's GDP contracts by 23.9%; first contraction in 40+ years

India's Gross Domestic Product (GDP) slipped by a sharp 23.9% in the first quarter (April-June) of the fiscal year 2020-21, according to data released by the National Statistical Office (NSO). This marks the first contraction in more than 40 years.

India's GDP growth rises to 4.7% in October-December quarter

28 Feb 2020

India's GDP growth rises to 4.7% in October-December quarter

India recorded a Gross Domestic Product (GDP) growth rate of 4.7% in the third quarter of the fiscal year 2019-2020, according to government data released on Friday.

India's GDP growth falls to 4.5%, lowest in 6.5 years

29 Nov 2019

India's GDP growth falls to 4.5%, lowest in 6.5 years

The Centre released India's gross domestic product for the second quarter of the fiscal year 2019-20.

India's manufacturing growth down to 15-month low in August: Report

02 Sep 2019

India's manufacturing growth down to 15-month low in August: Report

Amid economic slowdown, India also witnessed a dip in manufacturing activity, which reached a 15-month low in August, as demand and output grew at the slowest rate in a year, a private survey reported today.

RBI leaves repo rate unchanged at 6.5% second-time in row

05 Dec 2018

RBI leaves repo rate unchanged at 6.5% second-time in row

The Reserve Bank of India today left the repo rate unchanged while maintaining the stance of "calibrated tightening" of policy. The key rate remains unchanged at 6.5%.

RBI likely to keep interest rate unchanged on December 5

02 Dec 2018

RBI likely to keep interest rate unchanged on December 5

The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.

Chidambaram pokes fun at BJP for celebrating GDP data

01 Dec 2018

Chidambaram pokes fun at BJP for celebrating GDP data

Congress leader P Chidambaram poked fun at the BJP today over the GDP growth data, saying it did not warrant any jubilation by the ruling party.

Business Roundup: Here are today's top 5 business news

31 May 2018

Business Roundup: Here are today's top 5 business news

Missed today's business news? No problems, we have covered it all.

India back as world's fastest growing economy in December quarter

28 Feb 2018

India back as world's fastest growing economy in December quarter

The Indian economy grew at 7.2% in the October-December period, restoring its status as the world's fastest-growing major economy. The growth reflects overall recovery due to good show by agriculture, manufacturing, construction sectors.

India's December quarter GDP growth likely to be 7%: Report

26 Feb 2018

India's December quarter GDP growth likely to be 7%: Report

According to a recent report by Morgan Stanley, India's economic recovery is expected to have gathered momentum and GDP growth for the December quarter is likely to have accelerated to 7 percent.

CSO modifies base year for IIP, adds relevant items

14 May 2017

CSO modifies base year for IIP, adds relevant items

The new base year for all-India Index of Industrial Production (IIP) has been revised from 2004-05 to 2011-12.

Indian Road Accidents: At least 410 people die every day

25 Apr 2017

Indian Road Accidents: At least 410 people die every day

With the world's most unsafe roads and most people defying traffic rules, driving in India has become dangerous.

India - Top remittance-receiver with $62.7bn inflows: World Bank report

23 Apr 2017

India - Top remittance-receiver with $62.7bn inflows: World Bank report

India retained the top spot among remittance-receiving countries despite a significant 8.9% drop in remittances in 2016.

India's GDP increased by 7% in Q3

28 Feb 2017

India's GDP increased by 7% in Q3

India's third quarter GDP grew at a faster-than-expected 7% pace despite demonetization in the quarter till December. It had been expected to grow 6.1% then.

Understanding the Union Budget

01 Feb 2017

Understanding the Union Budget

The Union Budget is the annual financial statement mandated under Article 112 of India's Constitution. From this year, the Budget will be presented on Feb 1.

Quarter 2 GDP grows at 7.3%

30 Nov 2016

Quarter 2 GDP grows at 7.3%

The GDP of Q2 FY16-17 grew at 7.3% at constant prices (2011-12).

India's economy to grow 8%, agriculture 4%

25 Oct 2016

India's economy to grow 8%, agriculture 4%

Union Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal said India's economy would grow 8% this fiscal while agricultural growth is expected to grow over 4%.

Conflicts straying Pakistan from critical socio-economic issues

07 Oct 2016

Conflicts straying Pakistan from critical socio-economic issues

India and Pakistan are facing some serious tensions primarily due to the recent conflicts along the border.

Erratic rains but food grain output up

03 Aug 2016

Erratic rains but food grain output up

Shortage of water in reservoirs and rainfall playing spoil-sport didn't adversely impact food-grain production.