Full Year GDP Growth in India decreased to 6.50 percent in 2025 from 9.20 percent in 2024. This dataset includes a chart with historical data for India Full Year GDP Growth.

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 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.

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.

Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

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 Gross Domestic Product (GDP) in India expanded 2 percent in the first quarter of 2025 over the previous quarter. This dataset provides - India GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about India Nominal GDP Growth

• India Nominal GDP Growth was reported at 9.912 % in Dec 2024.
• This records an increase from the previous number of 8.263 % for Sep 2024.
• India Nominal GDP Growth data is updated quarterly, averaging 12.046 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 32.980 % in Jun 2021 and a record low of -21.356 % in Jun 2020.
• India Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Nominal GDP Growth prior to Q2 2012 is calculated from Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2005 is calculated from Nominal GDP based on SNA 1993, at 1999-2000 prices.

The statistic shows the growth of the real gross domestic product (GDP) in India from the second quarter 2021 to second quarter 2023. 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 the second quarter of 2023, the real GDP in India grew by 7.8 percent, compared to the same quarter of the previous year.

The latest data from show economic growth of 7.38 percent, which is an increase from the rate of growth of 6.37 percent in the previous quarter and
a decrease compared to the growth rate of 8.35 percent in the same quarter last year. The economic growth time series for India cover the period...

India PFS: Real GDP: Growth Rate: Current Fiscal Year: Maximum data was reported at 7.300 % in Mar 2019. This records a decrease from the previous number of 7.600 % for Dec 2018. India PFS: Real GDP: Growth Rate: Current Fiscal Year: Maximum data is updated quarterly, averaging 7.450 % from Jun 2017 (Median) to Mar 2019, with 8 observations. The data reached an all-time high of 8.000 % in Jun 2017 and a record low of 6.800 % in Dec 2017. India PFS: Real GDP: Growth Rate: Current Fiscal Year: Maximum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE002: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Real GDP Growth Rate.

The Gross Domestic Product per capita in India was last recorded at 2236.31 US dollars in 2023. The GDP per Capita in India is equivalent to 18 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India economic growth for 2023 was 3.568 trillion US dollars, a 6.38% increase from 2022.

<ul style='margin-top:20px;'>

<li>India economic growth for 2022 was <strong>3.353 trillion US dollars</strong>, a <strong>5.88% increase</strong> from 2021.</li>
<li>India economic growth for 2021 was <strong>3.167 trillion US dollars</strong>, a <strong>18.41% increase</strong> from 2020.</li>
<li>India economic growth for 2020 was <strong>2.675 trillion US dollars</strong>, a <strong>5.67% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for India (INDGDPNADSMEI) from 1997 to 2022 about India and GDP.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2030. In 2020, the estimated gross domestic product per capita in India amounted to about 1,915.55 U.S. dollars. See figures on India's economic growth here. For comparison, per capita GDP in China had reached about 6,995.25 U.S. dollars in 2013. India's economic progress India’s progress as a country over the past decade can be attributed to a global dependency on cheaper production of goods and services from developed countries around the world. India’s economy is built upon its agriculture, manufacturing and services sector, which, along with its drastic rise in population and demand for employment, led to a significant increase of the nation’s GDP per capita. Despite experiencing rather momentous economic gains since the mid 2000s, the Indian economy stagnated around 2012, with a decrease in general growth as well as the value of its currency. Residents and consumers in India have recently shown pessimism regarding the future of the Indian economy as well as their own financial situation, and with the recent economic standstill, consumer confidence in the country could potentially lower in the near future. Typical Indian exports consist of agricultural products, jewelry, chemicals and ores. Imports consist primarily of crude oil, gold and precious stones, used primarily in the manufacturing of jewelry. As a result, India has seen a rather highly increased demand of several gems in order to boost their jewelry industry and in general their exports. Although India does not export an extensive amount of goods, especially when considering the stature of the country, India has remained as one of the world’s largest exporters.

India: Economic growth forecast: The latest value from 2030 is 6.5 percent, an increase from 6.49 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for India from 1980 to 2030 is 6.07 percent. The minimum value, -5.78 percent, was reached in 2020 while the maximum of 9.69 percent was recorded in 2021.

GDP (current US$) in India was reported at 3567551674623 USD in 2023, 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 June of 2025.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for India (INDGDPRQPSMEI) from Q2 2012 to Q1 2025 about India, real, GDP, and rate.

India PFS: Real GDP: Growth Rate: Current Fiscal Year: Minimum data was reported at 6.900 % in Mar 2019. This records a decrease from the previous number of 7.000 % for Dec 2018. India PFS: Real GDP: Growth Rate: Current Fiscal Year: Minimum data is updated quarterly, averaging 6.800 % from Jun 2017 (Median) to Mar 2019, with 8 observations. The data reached an all-time high of 7.000 % in Dec 2018 and a record low of 6.200 % in Sep 2017. India PFS: Real GDP: Growth Rate: Current Fiscal Year: Minimum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE002: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Real GDP Growth Rate.

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