What is the GDP Growth Rate? | Indian GDP Growth Rate

GDP Growth Rate is the percentage increase or decrease of GDP (Gross Domestic Product) compared to the previous quarter or year. When the economy is expanding, the GDP growth rate is positive. However, in a recession, the economy contracts and the GDP growth rate is negative.
India GDP Annual Growth Rate
The Gross Domestic Product (GDP) in India expanded 7.80 percent in the first quarter of 2011 over the same quarter, previous year. Historically, from 2004 until 2011, India's average annual GDP Growth was 8.45 percent reaching an historical high of 10.10 percent in September of 2006 and a record low of 5.50 percent in December of 2004.
The power of annual growth
A growth rate of 2.5% per annum leads to a doubling of GDP within 29 years, whilst a growth rate of 8% per annum (China has done it during 2000 and 2010) leads to a doubling of GDP within 10 years.

Latest News of Indian GDP Growth Rate

26 Aug,2011 : Economists see India's GDP growth near 7.6% in Apr-Jun. India's gross domestic product during April to June is expected to increase at its slowest pace in six quarters as interest rate hikes, inflation and global slowdown begin to impact growth.The RBI has pegged the full year's growth rate at 8%. Growth is expected to decelerate in the coming two quarters with a possible pick-up in the last three months of the current fiscal. 
"Domestic demand is expected to slow appreciably over the coming quarters as the full impact of the monetary and fiscal tightening takes hold.While the US growth in the first quarter has been revised sharply down to 0.4% from 1.9%, the second quarter figure for the world's largest economy is pegged at 1.3%, below street estimates of 1.8%. In Europe, the sovereign debt crisis shows little signs of resolution as consensus on a single fiscal authority looks difficult. Besides, upcoming elections in Germany and France, the two strongest euro-zone nations, have also added to the uncertainty.The future trajectory would be dictated by global events and would test our resilience in the second half of the year"

Source: wiki