Growth has continued to slacken to under 8% by the second quarter of 2008. Inflation is high, driven by commodity prices, but the peak appears to have passed. The current account deficit has risen substantially, and there is downward pressure on the exchange rate. The economy is projected to slow further over the next year and to recover in the tandem with the world economy in 2010. Click here to checkout State wise GDP of India.
India's Economic Outlook
| Details | 2006 | 2007 | 2008 | 2009 | 2010 |
| Real GDP Growth | 9.7 | 9 | 6 | 4.3 | 5.8 |
| Inflation* | 5.2 | 4.7 | 8.4 | 4.5 | 3.5 |
| Consumer Price Index (CPI)** | 6.7 | 6.2 | 8.8 | 4.5 | 3 |
| Wholesale Price Index (WPI)*** | 5.4 | 4.7 | 8.6 | -0.4 | 3 |
| Short-Term Interest Rate^ | 8.2 | 8.9 | 9.6 | 6.8 | 6.5 |
| Long-Term Interest Rate^^ | 8.3 | 8.4 | 8.3 | 7.2 | 6.7 |
| Fiscal Balance (per cent of GDP) | -7.4 | -6.1 | -10.1 | -12.2 | -12.7 |
| Current Account Balance (per cent of GDP) | -1.1 | -1.2 | -1.3 | -0.9 | -0.8 |
| * Percentage change in GDP deflator from previous period. | |||||
| ** Consumer price index for industrial workers. | |||||
| *** All commodities. | |||||
| ^ Mumbai three months Offer Rate (MIBOR). | |||||
| ^^ 10 Year Government Bond. | |||||
| Sources: CMIE, World Bank, International Monetary Fund, OECD and VMW Research. | |||||
