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CEIC's GDP Nowcast for India estimates Q3 2021 to grow at 17.2% y/y as of October 25, 2021

Primarily driven by a slowdown in air passenger traffic
Primarily driven by a slowdown in air passenger traffic
Primarily driven by a slowdown in air passenger traffic
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26th October 2021
GDP, air passenger traffic, India, air cargo traffic

CEIC's GDP Nowcast for the current quarter (% y/y) in India stood at 17.2 on 25/10/2021 compared to 18.24 on 22/10/2021, primarily driven by a slowdown in air passenger traffic. Growth in air passenger traffic, after experiencing a brief spurt in August, slowed to 82.7% y/y in September, causing the GDP nowcast for Q3 2021 to decrease by 1.21 pp, but pushed the GDP nowcast for Q4 2021 upwards, by 0.47 pp. Air cargo traffic growth moderated for a fifth time in a row, to 14.9% y/y in September, which helped the GDP nowcast for Q3 2021 increase by 0.17 pp, and that for Q4 2021 increase by 1.15 pp.

CEIC's GDP Nowcast for the current quarter (% y/y) in India stood at 17.2

GDP Nowcast data for India is updated daily, available from 24/03/2021 to 25/10/2021. The data reached an all-time high of 19.46 on 22/09/2021 and a record low of 2.62 on 24/03/2021.

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Further data and analysis on India’s economy are available on the CEIC India Economy in a Snapshot – Q3 2021 report.

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India
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26th October 2021 CEIC's GDP Nowcast for India estimates Q3 2021 to grow at 17.2% y/y as of October 25, 2021