The Gross Domestic Product (GDP) in India expanded expanded 5.3 % in the first quarter of 2012 over the same quarter of the previous year.
Historically, from 2000 until 2012, India GDP Growth Rate averaged 7.3700 Percent reaching an all time high of 11.8000 Percent in December of 2003 and a record low of 1.6000 Percent in December of 2002.
The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services.
Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force.
The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. This page includes a chart with historical data for India GDP Growth Rate.
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