December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Business Environment | 21
ANNUAL GROWTH RATE OF GDP ININDIA
The Indian economy advanced 5.8% year-on-year in the first quarter of 2019, slowing
from a 6.6% expansion in the previous period and missing market expectations of
6.3%. It was the weakest growth rate since the first quarter of 2014, amid weaker
consumer demand and fixed investment. GDP annual growth rate in India averaged
6.21% from 1951 until 2019, reaching an all-time high of 11.40% in the first quarter
of 2010 and a record low of –5.20% in the fourth quarter of 1979. In India, the annual
growth rate in GDP at factor cost measures the change in the value of the goods and
services produced ...
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