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ECONOMIC FORUM

Sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's GDP growth to over six-year low of 5 per cent in the April-June quarter of 2019-20, according to official data released last month. India has world's 7th largest economy. It is mainly depend on agriculture and automobiles sector.

60% of its economy depend mainly on agriculture and rest of the things come under 40%. from last past 2 years GDP growth has The Gross Domestic Product (GDP) in India was worth 2726.32 billion US dollars in 2018. The GDP value of India represents 4.40 percent of the world economy. GDP in India averaged 587.93 Billion from 1960 until 2018, reaching an all time high of 2726.32  Billion in 2018 and a record low of 37.03  Billion in 1960.

Historical Data API India GDP The Gross Domestic Product (GDP) in India was worth 2726.32 billion US dollars in 2018. The GDP value of India represents 4.40 percent of the world economy. GDP in India averaged 587.93 Billion from 1960 until 2018, reaching an all time high of 2726.32  Billion in 2018 and a record low of 37.03 U Billion in 1960.

Historical Data API India GDP been decrease before 2 years ago India was 5th largest economy in the world '

India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years, according to latest official data.

However, India will still be the fastest growing major economy of the world and much ahead of China, the Washington-based global financial institution had said.

"We will have a fresh set of numbers coming up but the recent economic growth in India is much weaker than expected, mainly due to corporate and environmental regulatory uncertainty and lingering weakness in some non-bank financial companies," IMF spokesman Gerry Rice told reporters at a news conference here on Thursday.