Question

India’s GDP is where US GDP was in

Answer 1

 

The Gross Domestic Product (GDP) in India expanded 6.9 percent in the third quarter of

2011 over the previous quarter.Historically, from 2000 until 2011, India's average quarterly

GDP Growth was 7.45 percent reaching an historical high of 11.80 percent in December of

2003 and a record low of 1.60 percent in December of 2002. 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: India GDP Growth Rate chart,

historical data, forecasts and news. Data is also available for India GDP Annual Growth Rate,

which measures growth over a full economic year.