The Gross Domestic Product (GDP) in India expanded 7.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in India was worth 3912.69 billion US dollars in 2024, according to official data from the World Bank. The GDP value of India represents 3.69 percent of the world economy. This dataset provides the latest reported value for - India GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

GDP (current US$) in India was reported at 3912686168582 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 120.9 % in the previous year
• India Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1993 to Dec 2024
• The data reached an all-time high of 146.4 % in Dec 2007 and a record low of 23.0 % in Dec 2001

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. BSE Limited provides Market Capitalization in local currency. The Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency. Nominal GDP is reported in annual frequency, ending in March of each year.


Further information about India Market Capitalization: % of GDP

• In the latest reports, SENSEX recorded a daily P/E ratio of 20.6 in Mar 2025
• Sensitive 30 (Sensex) closed at 73,198.1 points in Feb 2025

Expense (% of GDP) in India was reported at 13.33 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Expense (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Forest rents (% of GDP) in India was reported at 0.16073 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Forest rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

GDP, PPP (current international $) in India was reported at 16190819718798 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Coal rents (% of GDP) in India was reported at 1.2803 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Coal rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

GDP per capita (current LCU) in India was reported at 228151 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Inflation Rate in India decreased to 1.55 percent in July from 2.10 percent in June of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation, GDP deflator: linked series (annual %) in India was reported at 3.2018 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Gross portfolio equity assets to GDP (%) in India was reported at 0.08971 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Gross portfolio equity assets to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Central government debt, total (% of GDP) in India was reported at 46.52 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Of the major developed and emerging economies, China had the lowest inflation rate at *** percent in June 2025. On the other end of the spectrum, the inflation rate in Russia stood at nearly ** percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

Stock market capitalization to GDP (%) in India was reported at 97.29 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Stock market capitalization to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

External balance on goods and services (% of GDP) in India was reported at --2.3148 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - External balance on goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Industry (including construction), value added (% of GDP) in India was reported at 24.46 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

GDP per capita growth (annual %) in India was reported at 5.54 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.