{"id":32,"date":"2019-07-17T07:39:47","date_gmt":"2019-07-17T07:39:47","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=32"},"modified":"2025-01-22T12:01:12","modified_gmt":"2025-01-22T12:01:12","slug":"indian-economy-indicators","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=32","title":{"rendered":"1.1 – Indian Economy Indicators"},"content":{"rendered":"\n
\n

Table 1.1.1<\/span>Indian Economy Indicators (10 Year Trend)<\/h3>New Series - (Base year: 2011-12)<\/span>
Indicators <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
GDP at Current Prices <\/td> 12,467,959.00 <\/td> 13,771,874.00 <\/td> 15,362,386.00 <\/td> 17,095,005.00 <\/td> 18,971,237.00 <\/td> 20,339,849.00 <\/td> 19,745,670.00 <\/td> 23,664,637.00 <\/td> 27,240,712.00 <\/td> 29,535,667.00 <\/td> <\/tr>
GDP at Constant Prices <\/td> 10,527,674.00 <\/td> 11,369,493.00 <\/td> 12,298,327.00 <\/td> 13,179,857.00 <\/td> 13,981,426.00 <\/td> 14,565,951.00 <\/td> 13,512,740.00 <\/td> 14,735,515.00 <\/td> 16,006,425.00 <\/td> 17,381,722.00 <\/td> <\/tr>
GDP Growth Rate (%) - at Current Prices <\/td> 10.99 <\/td> 10.46 <\/td> 11.55 <\/td> 11.28 <\/td> 10.98 <\/td> 6.99 <\/td> (2.92) <\/td> 19.85 <\/td> 15.11 <\/td> 8.40 <\/td> <\/tr>
GDP Growth Rate (%) - at Constant Prices <\/td> 7.41 <\/td> 8.00 <\/td> 8.17 <\/td> 7.17 <\/td> 6.08 <\/td> 3.47 <\/td> (7.23) <\/td> 9.05 <\/td> 8.62 <\/td> 8.60 <\/td> <\/tr>
Overall Industrial Growth (%) <\/td> 8.07 <\/td> 11.86 <\/td> 8.33 <\/td> 6.06 <\/td> 5.26 <\/td> (0.11) <\/td> (9.18) <\/td> 14.86 <\/td> 2.41 <\/td> 9.30 <\/td> <\/tr>
Services Growth (%) <\/td> 8.99 <\/td> 8.62 <\/td> 8.12 <\/td> 7.75 <\/td> 6.43 <\/td> 3.78 <\/td> (7.95) <\/td> 8.82 <\/td> 9.53 <\/td> 7.90 <\/td> <\/tr>
Exports Growth (%) <\/td> 1.78 <\/td> (5.65) <\/td> 5.01 <\/td> 4.69 <\/td> 12.09 <\/td> (0.60) <\/td> (4.38) <\/td> 17.83 <\/td> 13.57 <\/td> 2.60 <\/td> <\/tr>
Imports Growth (%) <\/td> 0.87 <\/td> (5.85) <\/td> 4.38 <\/td> 17.62 <\/td> 8.41 <\/td> (3.80) <\/td> (8.01) <\/td> 35.33 <\/td> 17.12 <\/td> 10.90 <\/td> <\/tr>
Bank Credit Growth (%) <\/td> 9.00 <\/td> 10.90 <\/td> 8.20 <\/td> 10.00 <\/td> 13.30 <\/td> 6.10 <\/td> 5.60 <\/td> 9.60 <\/td> 15.00 <\/td> 20.20 <\/td> <\/tr>
Bank Deposit Growth (%) <\/td> 10.70 <\/td> 9.30 <\/td> 15.30 <\/td> 6.20 <\/td> 9.60 <\/td> 8.10 <\/td> 10.90 <\/td> 8.10 <\/td> 9.76 <\/td> 12.40 <\/td> <\/tr>
Gross Domestic Savings (% GDP) <\/td> 32.24 <\/td> 31.09 <\/td> 30.26 <\/td> 30.51 <\/td> 30.11 <\/td> 31.38 <\/td> 28.24 <\/td> 30.15 <\/td> NA <\/td> NA <\/td> <\/tr>
Inflation (WPI- Average) (%) <\/td> 1.30 <\/td> (3.7) <\/td> 1.70 <\/td> 2.90 <\/td> 4.30 <\/td> 1.70 <\/td> 1.30 <\/td> 13.00 <\/td> 9.40 <\/td> (0.70) <\/td> <\/tr>
Average Exchange Rate (Rs\/USD) <\/td> 62.40 <\/td> 66.32 <\/td> 64.84 <\/td> 65.13 <\/td> 69.47 <\/td> 74.35 <\/td> 72.79 <\/td> 76.24 <\/td> 82.28 <\/td> 82.80 <\/td> <\/tr>
Non Life Insurance GDPI in India (Rs in Crores) <\/td> 84,685.00 <\/td> 96,379.00 <\/td> 128,128.00 <\/td> 150,662.00 <\/td> 169,448.00 <\/td> 188,916.00 <\/td> 198,715.00 <\/td> 220,700.00 <\/td> 256,894.25 <\/td> 289,673.00 <\/td> <\/tr>
GDPI Growth (%) <\/td> 9% <\/td> 14% <\/td> 33% <\/td> 18% <\/td> 12% <\/td> 12% <\/td> 5% <\/td> 11% <\/td> 15% <\/td> 12.40 <\/td> <\/tr> <\/tbody><\/table>\n<\/div>\n\n\n\n

Source<\/strong>: RBI Handbook 2022-23
Note<\/strong>: GDP – Gross Domestic Product
GDPI – Gross Direct Premium in India<\/em>
Figures were recalibrated in the year 2018-19
Figures provided by The RBI are updated with a lag of 12 months<\/em> <\/p>\n\n\n\n

<\/p>\n\n\n\n

\n

<\/p>\n

<\/cite><\/blockquote>\n\n\n\n

The growth rate of non-life insurance was 12.4% as against the GDP growth rate of 8.4% (at constant prices) for the year ending 31st March 2024<\/p>\n\n\n

Chart 1.1.1<\/span>Non-Life Insurance Premium v\/s GDP Growth<\/h3>
<\/div>