What is the GDP of India 2020 2021?

7. GDP at Current Prices in the year Q1 2021-22 is estimated at ₹ 51.23 lakh crore, as against ₹ 38.89 lakh crore in Q1 2020-21, showing a growth of 31.7 percent as compared to contraction of 22.3 percent in Q1 2020-21.

Has India’s GDP increased 2020?

India’s Gross Domestic Product (GDP) contracted 7.3\% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8\% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4\%.

What is GDP rate of India today?

India gdp growth rate for 2020 was -7.96\%, a 12.01\% decline from 2019. India gdp growth rate for 2019 was 4.04\%, a 2.49\% decline from 2018. India gdp growth rate for 2018 was 6.53\%, a 0.26\% decline from 2017. India gdp growth rate for 2017 was 6.80\%, a 1.46\% decline from 2016.

Why is India GDP so low?

As the ripples of demonetisation and a poorly designed and hastily implemented Goods and Services Tax (GST) spread through an economy that was already struggling with massive bad loans in the banking system, the GDP growth rate steadily fell from over 8\% in FY17 to about 4\% in FY20, just before Covid-19 hit the country …

What is the per capita income of India?

Here Per capita Income of India is Derived from National Income and Population of India. India National Income 2019 = ₹ 123.30 lakh crore; Population of India = 134 Billion; Per Cap income 2019 = ₹ 1, 26,406

What is the growth rate in India?

The Gross Domestic Product (GDP) in India expanded 1.90 percent in the second quarter of 2018 over the previous quarter. GDP Growth Rate in India averaged 1.68 percent from 1996 until 2018, reaching an all time high of 5.40 percent in the second quarter of 2009 and a record low of -1.70 percent in the first quarter of 2009. Historical. Data. API.

What country has the highest GDP growth?

GDP Growth By Country. The top countries with the highest gross domestic product growth are Libya, Ethiopia, India, Bangladesh, and Vietnam. GDP is a calculation of the increase in the inflation-adjusted market value of the goods and services produced.

What is the per capita of India?

The country’s per-capita monthly income is estimated to have risen by 6.8 per cent to Rs 11,254 during 2019-20, government data on national income showed on Tuesday. In 2018-19, the monthly per-capita income had stood at Rs 10,534.