Description
The India Real Gross Domestic Product (Real GDP) Annual Growth Rate is released by the Ministry of Statistics and Programme Implementation (MOSPI). This indicator measures the year-over-year percentage change in the value of all goods and services produced within India, adjusted for inflation. It is a crucial indicator for assessing the nation's economic growth and health. A higher GDP growth rate indicates a strong and expanding economy, while a lower or negative growth rate suggests stagnation or contraction.
The Real GDP Annual Growth Rate is calculated by comparing the current year's inflation-adjusted GDP with the GDP of the previous year. The GDP figures are adjusted for inflation using the GDP deflator to remove the impact of price changes.
The data is released quarterly by MOSPI, typically within two months of the end of each quarter.