Clickable arrow icon In this article
2 Mins

What is the growth rate of India in 2020?

India GDP Growth Rate was forecasted to drop by 18% during 2020 however it exceeded the expected forecast as it went lower by 11% only in the first 2 months of the year and after the spread of COVID-19 during Q2 2020 it dropped by 23% being one of the most economically affected countries by the current pandemic disease

Scripbox Recommended Goals

Plans that will help you to achieve your life goals across multiple time frames.

What is India’s GDP 2020?

India GDP Annual Growth Rate was worth 2875.14 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. India shrank 23.9% year-on-year in the second quarter of 2020, much worse than market forecasts of an 18.3% drop. GDP in India is expected to reach 2610.00 USD by end of 2020

What is India’s GDP in last 10 years?

India’s GDP in the last 10 years has been constantly increasing except for 2020 when it has faced significant drop as in the below statistics: 2011: 5,618.3 / 2012: 6,153.1 / 2013: 6,477.5 / 2014: 6,781.0 / 2015 : 7,159.7 / 2016: 7,735.0 / 2017: 8,280.9 / 2018: 8,998.6 / 2019: 9,542.2 / 2020: 8,681.3

Which industry will grow in 2020?

Xylem and Danaher are public companies with multiple brands in the clean water services sector. The industry has seen its investment in new sources of drinkable water grow 25 percent to $50.7 million in the past five years. Gender-neutral Personal Care, Gun Violence Prevention, and Healthier Junk Foods are among the fastest-growing industries in 2020

Which sector is growing fast in India 2020?

Despite the effect of COVID-19 on the economical situation, some industries have been growing and expected to have more growth in the near future, healthcare is one of the main industries including hospitals, medical devices, health insurance and medical equipment’s, also educational technology and companies working in this field are getting more attention and potential to grow. Digital Marketing is one of the growing industries considering the high population and number of mobile holders. Gaming industry and Financial Technology are also from the top growing industries.

What are the top 10 industries in India?

The Top 10 Industries in India are:

1- Pharmaceuticals


3- Automobiles

4- Banking

5- Oil & Gas

6- Cement Industry

7- Financial Services

8- Construction & Engineering

9-Textiles, Apparels & Accessories

10-Real Estate

Explore our article on Value Stocks vs Growth Stocks