CEIC's GDP Nowcast for the current quarter (% y/y) in India stood at 5.39 on 21/12/2021
The GDP nowcast remained positive
CEIC's GDP Nowcast India increased to 5.4% y/y for Q4 2021, as on December 21, 2021.
Despite an intensification of the decline in crude petroleum production, to 2.3% y/y in November, from 2.2% y/y in the previous month, the impact on GDP nowcast remained positive, boosting Q4 2021 by 0.08pp, and Q1 2022 by 0.12pp.
Further data and analysis on India’s economy are available on the CEIC India Economy in a Snapshot – Q4 2021 report.