India Gdp Growth Rate Chart Last 10 Years
India is one of the fastest-growing economies in the world, and its GDP growth rate chart over the last decade is a testament to this fact. The GDP growth rate measures the increase or decrease in the value of goods and services produced by a country over a specific period. In this article, we will analyze India's GDP growth rate chart over the last ten years.
India's GDP Growth Rate in 2010
In 2010, India's GDP growth rate was 10.26%. This was a significant increase from the previous year's growth rate of 8.5%. The country's economic growth was mainly driven by the manufacturing and services sectors, which contributed around 9% and 8% respectively to the GDP. The agriculture sector, on the other hand, contributed around 2% to the GDP.
India's GDP Growth Rate in 2011
In 2011, India's GDP growth rate was 6.86%. This was a significant drop from the previous year's growth rate, mainly due to the global economic recession. However, the country's economic growth was still driven by the manufacturing and services sectors, which contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2012
In 2012, India's GDP growth rate was 5.45%. This was a further drop from the previous year's growth rate. The manufacturing and services sectors contributed around 6% and 8% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2013
In 2013, India's GDP growth rate was 6.39%. This was a slight increase from the previous year's growth rate. The manufacturing and services sectors contributed around 6% and 9% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2014
In 2014, India's GDP growth rate was 7.41%. This was a significant increase from the previous year's growth rate, mainly due to the government's policies and initiatives to boost the economy. The manufacturing and services sectors contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2015
In 2015, India's GDP growth rate was 7.99%. This was a further increase from the previous year's growth rate, mainly due to the government's continued efforts to boost the economy. The manufacturing and services sectors contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2016
In 2016, India's GDP growth rate was 8.26%. This was a significant increase from the previous year's growth rate, mainly due to the government's policies and initiatives to boost the economy. The manufacturing and services sectors contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2017
In 2017, India's GDP growth rate was 6.68%. This was a slight drop from the previous year's growth rate. The manufacturing and services sectors contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2018
In 2018, India's GDP growth rate was 7.17%. This was a slight increase from the previous year's growth rate. The manufacturing and services sectors contributed around 7% and 10% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2019
In 2019, India's GDP growth rate was 4.18%. This was a significant drop from the previous year's growth rate, mainly due to the economic slowdown and global trade tensions. The manufacturing and services sectors contributed around 6% and 9% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
India's GDP Growth Rate in 2020
In 2020, India's GDP growth rate was -7.7%. This was a significant drop from the previous year's growth rate, mainly due to the COVID-19 pandemic and the lockdowns imposed to control its spread. The manufacturing and services sectors contributed around 5% and 8% respectively to the GDP. The agriculture sector contributed around 2% to the GDP.
Conclusion
India's GDP growth rate chart over the last ten years shows that the country has had its fair share of ups and downs. However, despite the challenges, India's economy has continued to grow and expand, thanks to the government's policies and initiatives. With the post-pandemic recovery underway, India's GDP growth rate is expected to rebound and return to pre-pandemic levels soon.