In 2023, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software. The IT factorThe IT industry is a vital part of India’s economy, and in the fiscal year of 2016/2017, it generated about 8 percent of India’s GDP alone – a slight decrease from previous years, when it made up about 10 percent of the country’s economy. Nevertheless, the IT industry is growing, as is evident by its quickly increasing revenue and employment figures. IT includes software development, consulting, software management, and online services, and business process management (BPM). Employee migrationAlthough employment figures in IT, and thus in the services sector, are on the rise, most of the Indian workforce is still employed in agriculture, however, the figures show a trend pointing towards a reversal of this distribution. For now, the majority of Indians still do not live in cities – where IT jobs are generated – but urbanization is on the rise as well.

The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first 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 trade, hotels, transport, and communication industries had the highest GVA growth rate of 15 percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over nine percent in the financial year 2025.
What is GVA? GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities. Services sector In India India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.

The Gross Domestic Product (GDP) in India was worth 3567.55 billion US dollars in 2023, according to official data from the World Bank. The GDP value of India represents 3.38 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.

Structural Change is the phenomenon witnessed by almost all the developing and the developed states in their journey towards a higher sustained economic growth. The rise in per capita income and the structural change are complementary to each other. A rise in per capita income reinforces structural change and structural change leads to the rise in the productive efficiency stimulating rise in the per capita income of the people. The paper analyses this phenomenon in the state of Bihar which has, of late, started ta witness a higher growth trajectory in its economy. Sourcing the data from the archival records of the various government agencies, the study found that the state of Bihar has mirrored the structural change being experienced by the economy of India. The share of the primary sector in the state's GSDP has drastically declined and is replaced by the services sector. This phenomenon is particularly ascribed to the rising share of trade, communications and the government led public spending in the construction sector. However, the state is not experiencing a balanced growth pattern in its economy; some districts have become more developed relative to the other districts. It has also been seen that due to the low economic base of the state, we cannot expect that the state's socio-economic indicators will converge sooner to the_ more developed states of India.

The dataset contains All India Yearly Growth Rates of Index Numbers of Core Industries from Handbook of Statistics on Indian Economy.

Note: 1. Weight represents weight in Index Number of Industrial Production. 2. Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012. 3. Refinery Products has 93 percent of the crude throughout.

India Real Gross Capital Formation Growth: Agriculture data was reported at 1.583 % in 2018. This records a decrease from the previous number of 13.250 % for 2017. India Real Gross Capital Formation Growth: Agriculture data is updated yearly, averaging 4.376 % from Mar 1952 (Median) to 2018, with 67 observations. The data reached an all-time high of 51.963 % in 1991 and a record low of -31.223 % in 1992. India Real Gross Capital Formation Growth: Agriculture data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Agriculture Sector – Table IN.RIU002: Memo Items: Investment of Agriculture Sector. Data prior to 2013 is 2004-2005 base

Although the share of industry in GDP remained stable, it underwent significant fundamental changes. During this period, as a process of product restructuring, when a gross value was adjusted, production increased at current prices by 8 percent per annum. Then in 2004-09, the GDP growth rate increased to 20%. At the same prices, the annual but significant increase in employment was also 7.5 percent per annum. The work participation rate was 39.2 percent in 2009-10. Of these, 53 percent were in agriculture and the remaining 47 percent were in non-agricultural sectors. For the first time in the late 2000s, the number of perfect workers in the agricultural sector decreased. Unemployment in the economy as a whole has come down from 8.3 percent in 2004-05 to 6.6 percent in 2009-10. We can say that the Indian economy has performed well since 1991 but now the Indian economy is going through another turbulent period. The growth rate of the Indian economy has been slowing down since 2014. In addition to this, Kovid 19 has spread its legs in India and has slowed down the growth rate. The research paper will conclude the study of the Indian economy from 2014 to 2020, as well as three economic sectors.

Domestic credit to private sector by banks (% of GDP) in India was reported at 50.14 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Domestic credit to private sector by banks (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

During the financial year 2022, the sectors of manufacturing and agriculture showed resilience to the pandemic with a growth of 9.8 and 6.7 percent respectively, over last financial year. The sector of trade, hotels, transport, communication and services suffered during the period with a contraction of 10.9 percent.

Key information about India Investment: % of GDP

• India Investment accounted for 30.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 34.7 % in the previous quarter.
• India investment share of Nominal GDP data is updated quarterly, available from Jun 2004 to Dec 2024, with an average ratio of 33.6 %.
• The data reached an all-time high of 41.2 % in Sep 2011 and a record low of 21.8 % in Jun 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation, Changes in Stocks and Valuables. Ministry of Statistics and Programme Implementation provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Investment as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Investment: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.

Data and expert analysis on India’s GDP and GSDP including per capita values, sector and industry contribution, GVA, and comparison with global peers.

This dataset measures the rate of growth of the Gross Domestic Product each year. Gross Domestic Product or GDP is the market value of all the produced goods and or services within an economy in a given time.

Explore the Saudi Arabia World Development Indicators dataset , including key indicators such as Access to clean fuels, Adjusted net enrollment rate, CO2 emissions, and more. Find valuable insights and trends for Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, China, and India.

Indicator, Access to clean fuels and technologies for cooking, rural (% of rural population), Access to electricity (% of population), Adjusted net enrollment rate, primary, female (% of primary school age children), Adjusted net national income (annual % growth), Adjusted savings: education expenditure (% of GNI), Adjusted savings: mineral depletion (current US$), Adjusted savings: natural resources depletion (% of GNI), Adjusted savings: net national savings (current US$), Adolescents out of school (% of lower secondary school age), Adolescents out of school, female (% of female lower secondary school age), Age dependency ratio (% of working-age population), Agricultural methane emissions (% of total), Agriculture, forestry, and fishing, value added (current US$), Agriculture, forestry, and fishing, value added per worker (constant 2015 US$), Alternative and nuclear energy (% of total energy use), Annualized average growth rate in per capita real survey mean consumption or income, total population (%), Arms exports (SIPRI trend indicator values), Arms imports (SIPRI trend indicator values), Average working hours of children, working only, ages 7-14 (hours per week), Average working hours of children, working only, male, ages 7-14 (hours per week), Cause of death, by injury (% of total), Cereal yield (kg per hectare), Changes in inventories (current US$), Chemicals (% of value added in manufacturing), Child employment in agriculture (% of economically active children ages 7-14), Child employment in manufacturing, female (% of female economically active children ages 7-14), Child employment in manufacturing, male (% of male economically active children ages 7-14), Child employment in services (% of economically active children ages 7-14), Child employment in services, female (% of female economically active children ages 7-14), Children (ages 0-14) newly infected with HIV, Children in employment, study and work (% of children in employment, ages 7-14), Children in employment, unpaid family workers (% of children in employment, ages 7-14), Children in employment, wage workers (% of children in employment, ages 7-14), Children out of school, primary, Children out of school, primary, male, Claims on other sectors of the domestic economy (annual growth as % of broad money), CO2 emissions (kg per 2015 US$ of GDP), CO2 emissions (kt), CO2 emissions from other sectors, excluding residential buildings and commercial and public services (% of total fuel combustion), CO2 emissions from transport (% of total fuel combustion), Communications, computer, etc. (% of service exports, BoP), Condom use, population ages 15-24, female (% of females ages 15-24), Container port traffic (TEU: 20 foot equivalent units), Contraceptive prevalence, any method (% of married women ages 15-49), Control of Corruption: Estimate, Control of Corruption: Percentile Rank, Upper Bound of 90% Confidence Interval, Control of Corruption: Standard Error, Coverage of social insurance programs in 4th quintile (% of population), CPIA building human resources rating (1=low to 6=high), CPIA debt policy rating (1=low to 6=high), CPIA policies for social inclusion/equity cluster average (1=low to 6=high), CPIA public sector management and institutions cluster average (1=low to 6=high), CPIA quality of budgetary and financial management rating (1=low to 6=high), CPIA transparency, accountability, and corruption in the public sector rating (1=low to 6=high), Current education expenditure, secondary (% of total expenditure in secondary public institutions), DEC alternative conversion factor (LCU per US$), Deposit interest rate (%), Depth of credit information index (0=low to 8=high), Diarrhea treatment (% of children under 5 who received ORS packet), Discrepancy in expenditure estimate of GDP (current LCU), Domestic private health expenditure per capita, PPP (current international $), Droughts, floods, extreme temperatures (% of population, average 1990-2009), Educational attainment, at least Bachelor's or equivalent, population 25+, female (%) (cumulative), Educational attainment, at least Bachelor's or equivalent, population 25+, male (%) (cumulative), Educational attainment, at least completed lower secondary, population 25+, female (%) (cumulative), Educational attainment, at least completed primary, population 25+ years, total (%) (cumulative), Educational attainment, at least Master's or equivalent, population 25+, male (%) (cumulative), Educational attainment, at least Master's or equivalent, population 25+, total (%) (cumulative), Electricity production from coal sources (% of total), Electricity production from nuclear sources (% of total), Employers, total (% of total employment) (modeled ILO estimate), Employment in industry (% of total employment) (modeled ILO estimate), Employment in services, female (% of female employment) (modeled ILO estimate), Employment to population ratio, 15+, male (%) (modeled ILO estimate), Employment to population ratio, ages 15-24, total (%) (national estimate), Energy use (kg of oil equivalent per capita), Export unit value index (2015 = 100), Exports of goods and services (% of GDP), Exports of goods, services and primary income (BoP, current US$), External debt stocks (% of GNI), External health expenditure (% of current health expenditure), Female primary school age children out-of-school (%), Female share of employment in senior and middle management (%), Final consumption expenditure (constant 2015 US$), Firms expected to give gifts in meetings with tax officials (% of firms), Firms experiencing losses due to theft and vandalism (% of firms), Firms formally registered when operations started (% of firms), Fixed broadband subscriptions, Fixed telephone subscriptions (per 100 people), Foreign direct investment, net outflows (% of GDP), Forest area (% of land area), Forest area (sq. km), Forest rents (% of GDP), GDP growth (annual %), GDP per capita (constant LCU), GDP per unit of energy use (PPP $ per kg of oil equivalent), GDP, PPP (constant 2017 international $), General government final consumption expenditure (current LCU), GHG net emissions/removals by LUCF (Mt of CO2 equivalent), GNI growth (annual %), GNI per capita (constant LCU), GNI, PPP (current international $), Goods and services expense (current LCU), Government Effectiveness: Percentile Rank, Government Effectiveness: Percentile Rank, Lower Bound of 90% Confidence Interval, Government Effectiveness: Standard Error, Gross capital formation (annual % growth), Gross capital formation (constant 2015 US$), Gross capital formation (current LCU), Gross fixed capital formation, private sector (% of GDP), Gross intake ratio in first grade of primary education, male (% of relevant age group), Gross intake ratio in first grade of primary education, total (% of relevant age group), Gross national expenditure (current LCU), Gross national expenditure (current US$), Households and NPISHs Final consumption expenditure (constant LCU), Households and NPISHs Final consumption expenditure (current US$), Households and NPISHs Final consumption expenditure, PPP (constant 2017 international $), Households and NPISHs final consumption expenditure: linked series (current LCU), Human capital index (HCI) (scale 0-1), Human capital index (HCI), male (scale 0-1), Immunization, DPT (% of children ages 12-23 months), Import value index (2015 = 100), Imports of goods and services (% of GDP), Incidence of HIV, ages 15-24 (per 1,000 uninfected population ages 15-24), Incidence of HIV, all (per 1,000 uninfected population), Income share held by highest 20%, Income share held by lowest 20%, Income share held by third 20%, Individuals using the Internet (% of population), Industry (including construction), value added (constant LCU), Informal payments to public officials (% of firms), Intentional homicides, male (per 100,000 male), Interest payments (% of expense), Interest rate spread (lending rate minus deposit rate, %), Internally displaced persons, new displacement associated with conflict and violence (number of cases), International tourism, expenditures for passenger transport items (current US$), International tourism, expenditures for travel items (current US$), Investment in energy with private participation (current US$), Labor force participation rate for ages 15-24, female (%) (modeled ILO estimate), Development

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Gross fixed capital formation, private sector (% of GDP) in India was reported at 26.7 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Gross fixed capital formation; private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The India Manufacturing Sector Market offers a diverse range of products, including automobiles, machinery, electronics, and pharmaceuticals. The automotive industry is one of the largest segments, driven by factors such as increasing urbanization, rising disposable income, and government initiatives to promote domestic manufacturing. The machinery segment is also experiencing growth, supported by the expanding manufacturing base and the need for automation. The electronics industry is witnessing significant demand due to the growing adoption of consumer electronics and the proliferation of the digital economy. The pharmaceutical industry is driven by factors such as increasing healthcare expenditure and the rise of chronic diseases. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, secured its largest-ever EV contract in its six-decade history. The Chennai-based company clinched a USD 250 million deal from a prominent global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. Sundram Fasteners anticipates reaching an annual sales peak of USD 52 million by 2026, with a supply of 1.5 million drive unit sub-assemblies per annum., January 2023: Tata Motors, a multinational automotive manufacturing company based in India, disclosed plans to potentially establish plants in India and Europe for manufacturing battery cells dedicated to electric vehicles (EVs). The Chief Financial Officer of Tata Motors' auto unit revealed this information in an interview with Reuters. Tata Motors, which has sold a total of 50,000 electric cars thus far, dominates India's EV market and aims to introduce 10 electric models by March 2026.. Key drivers for this market are: Increasing demand for products in sectors like automotive, consumer electronics, and pharmaceuticals, both domestically and internationally, is fueling the expansion of manufacturing activities in India. Potential restraints include: Inadequate infrastructure, including poor transportation networks, inconsistent power supply, and inefficient logistics, which raise operational costs and hinder the smooth functioning of industries. Notable trends are: Growing government spending and the large and growing population, coupled with a rising middle class, are driving the market growth.

India: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 16 percent, a decline from 16.64 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for India from 1960 to 2023 is 27.57 percent. The minimum value, 16 percent, was reached in 2023 while the maximum of 42.75 percent was recorded in 1967.

Over the last four years since the macroeconomic crisis in 1991, the Indian economy has undergone substantial changes. Almost all areas of the economy have been opened to domestic and foreign private investment. Import licensing restrictions on intermediates and capital goods have been virtually eliminated. Tariffs have been significantly reduced and full convertibility has been established for current account transactions. In the financial sector, prudential regulations that meet international standards have been introduced; banks now have significantly more discretion in their lending decisions; financial markets have been liberalized; and entry restrictions have been eliminated. The external accounts have strengthened considerably and, although still a major obstacle to higher growth, central fiscal imbalances are lower. This report highlights a large unfinished agenda. First, all reforms, which are part of the program articulated since 1991, need to be followed through to completion. In addition, agriculture, which historically has contributed extensively to poverty reduction, requires a more focused effort. Second, an urgent and appreciable improvement in public savings - embracing reduction of the fiscal deficits of the central and state governments, and improving substantially the efficiency of public enterprises - is necessary. It is critical for restoring the capacity of the public sector to invest and for accommodating higher levels of private investment. Such levels of total investment, particularly in infrastructure and social services such as primary education, are needed to achieve and sustain rates of growth and poverty reduction comparable to higher performing countries in Asia. Third, failure to correct fiscal imbalances would implicate and ultimately undermine external sector policies. Over the last two years, the challenge has been to prevent surpluses in the capital account from causing the nominal and real exchange rates to appreciate, and thereby, from reducing export growth. Careful and cautious management of these external accounts needs to continue in the foreseeable future, whether the challenge is large capital inflows or outflows. At the same time, international experience indicates that a strong fiscal position has a central role in managing effectively the capital and current accounts of the balance of payments. Fourth, in an economy which was driven for four decades by increases in public investment, maintaining dynamic growth requires a dramatic increase in private investment in infrastructure. Recent changes in the policy framework provide ample scope for this needed private sector involvement, and private investors have expressed interest in participating in the sector.