India’s GDP Growth Year on Year –
2020 has seen major economic slowdown due to worldwide pandemic. Let’s compare the GDP growth rate year on year since Indian Independence. Gross Domestic Product is the total value of goods and services produced within the country. GDP at the constant price is the measure of real economic growth. Comparison between the growth rate of GDP at constant price are used to measure the percentage by which the economy of any country is growing.
Pre- independent India suffered major economic contraction, due to Britishers who took India’s wealth to their country. According to reports India accounted for 22.7% GDP in the world in 1700 which was reduced to 3.2% in 1952.
In this article we will compare GDP growth rate year on year basis post independence.
| India GDP Growth Rate – Historical Data | ||
|---|---|---|
| Year | GDP Growth (%) | Annual Change |
| 2019 | 5.02% | -1.10% |
| 2018 | 6.12% | -0.92% |
| 2017 | 7.04% | -1.21% |
| 2016 | 8.26% | 0.26% |
| 2015 | 8.00% | 0.59% |
| 2014 | 7.41% | 1.02% |
| 2013 | 6.39% | 0.93% |
| 2012 | 5.46% | 0.22% |
| 2011 | 5.24% | -3.26% |
| 2010 | 8.50% | 0.64% |
| 2009 | 7.86% | 4.78% |
| 2008 | 3.09% | -4.57% |
| 2007 | 7.66% | -0.40% |
| 2006 | 8.06% | 0.14% |
| 2005 | 7.92% | 0.00% |
| 2004 | 7.92% | 0.06% |
| 2003 | 7.86% | 4.06% |
| 2002 | 3.80% | -1.02% |
| 2001 | 4.82% | 0.98% |
| 2000 | 3.84% | -5.00% |
| 1999 | 8.85% | 2.66% |
| 1998 | 6.18% | 2.13% |
| 1997 | 4.05% | -3.50% |
| 1996 | 7.55% | -0.02% |
| 1995 | 7.57% | 0.92% |
| 1994 | 6.66% | 1.91% |
| 1993 | 4.75% | -0.73% |
| 1992 | 5.48% | 4.43% |
| 1991 | 1.06% | -4.48% |
| 1990 | 5.53% | -0.41% |
| 1989 | 5.95% | -3.68% |
| 1988 | 9.63% | 5.66% |
| 1987 | 3.97% | -0.81% |
| 1986 | 4.78% | -0.48% |
| 1985 | 5.25% | 1.43% |
| 1984 | 3.82% | -3.47% |
| 1983 | 7.29% | 3.81% |
| 1982 | 3.48% | -2.53% |
| 1981 | 6.01% | -0.73% |
| 1980 | 6.74% | 11.97% |
| 1979 | -5.24% | -10.95% |
| 1978 | 5.71% | -1.54% |
| 1977 | 7.25% | 5.59% |
| 1976 | 1.66% | -7.49% |
| 1975 | 9.15% | 7.96% |
| 1974 | 1.19% | -2.11% |
| 1973 | 3.30% | 3.85% |
| 1972 | -0.55% | -2.20% |
| 1971 | 1.64% | -3.51% |
| 1970 | 5.16% | -1.38% |
| 1969 | 6.54% | 3.15% |
| 1968 | 3.39% | -4.44% |
| 1967 | 7.83% | 7.88% |
| 1966 | -0.06% | 2.58% |
| 1965 | -2.64% | -10.09% |
| 1964 | 7.45% | 1.46% |
| 1963 | 5.99% | 3.06% |
| 1962 | 2.93% | -0.79% |
| 1961 | 3.72% | -0.79% |
Source: Macrotrends
