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.

Key information about India Nominal GDP

• India Nominal GDP reached 873.7 USD bn in Mar 2023, compared with 846.0 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Mar 2023, with an average number of 357.4 USD bn.
• The data reached an all-time high of 873.7 USD bn in Mar 2023 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 6.1 % YoY 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 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Mar 2023.
• Public Consumption accounted for 12.1 % in Mar 2023.
• Private Consumption accounted for 58.4 % in Mar 2023.

In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data was reported at 2.445 % in 2025. This records a decrease from the previous number of 2.476 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data is updated yearly, averaging 2.848 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 3.259 % in 2005 and a record low of 2.445 % in 2025. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

Key information about India Public Consumption Expenditure

• India Public Consumption Expenditure was reported at 87.219 USD bn in Dec 2024.
• This records a decrease from the previous number of 93.176 USD bn for Sep 2024.
• India Public Consumption Expenditure data is updated quarterly, averaging 42.876 USD bn from Jun 1996 to Dec 2024, with 115 observations.
• The data reached an all-time high of 116.624 USD bn in Mar 2024 and a record low of 7.851 USD bn in Sep 1996.
• India Public Consumption Expenditure 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: Government Consumption Expenditure: USD: Quarterly.

CEIC converts quarterly Government Consumption Expenditure into USD. Ministry of Statistics and Programme Implementation provides Government Consumption Expenditure in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Government Consumption Expenditure prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.

India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data was reported at 174.200 INR mn in Feb 2025. This records an increase from the previous number of 157.700 INR mn for Jan 2025. India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data is updated monthly, averaging 11.200 INR mn from Apr 2017 (Median) to Feb 2025, with 95 observations. The data reached an all-time high of 193.500 INR mn in Mar 2024 and a record low of 0.000 INR mn in Jul 2022. India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data remains active status in CEIC and is reported by Controller General of Accounts. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FA005: Central Government: Controller General of Accounts (CGA): Expenditure: by Ministry-wise: Financial Year: Year to Date.

Key information about India Public Consumption: % of GDP

• India Public Consumption accounted for 8.7 % of its Nominal GDP in Dec 2024, compared with a share of 10.0 % in the previous quarter.
• India Public Consumption share of Nominal GDP ratio is updated quarterly, available from Jun 1996 to Dec 2024, with an average number of 10.8 %.
• The data reached an all-time high of 17.7 % in Mar 1998 and a record low of 8.0 % in Mar 2016.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Government Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Government Consumption as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1990-2000 prices.


Related information about India Public Consumption: % 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.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Dec 2024.
• Private Consumption accounted for 64.8 % in Dec 2024.

India IN: Relative Price: Imported Goods and Services data was reported at 0.921 Ratio in 2025. This records a decrease from the previous number of 0.948 Ratio for 2024. India IN: Relative Price: Imported Goods and Services data is updated yearly, averaging 1.020 Ratio from Dec 1995 (Median) to 2025, with 31 observations. The data reached an all-time high of 1.592 Ratio in 1996 and a record low of 0.921 Ratio in 2025. India IN: Relative Price: Imported Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Trade Statistics: Trade Volume and Relative Price: Forecast: Non OECD Member: Annual. RPMGS - Relative price of imported goods and services OECD calculation, see OECD Economic Outlook database documentation

India IN: Purchasing Power Parity data was reported at 23.140 USD in 2021. This records an increase from the previous number of 21.990 USD for 2020. India IN: Purchasing Power Parity data is updated yearly, averaging 10.985 USD from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 23.140 USD in 2021 and a record low of 5.500 USD in 1990. India IN: Purchasing Power Parity data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

Key information about India Household Debt: % of GDP

• India household debt accounted for 17.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 14.9 % in the previous year.
• India household debt to GDP ratio is updated yearly, available from Mar 1998 to Mar 2024.
• The data reached an all-time high of 17.1 % in Mar 2024 and a record low of 2.2 % in Mar 1999.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Reserve Bank of India provides Household Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about India Household Debt: % of GDP

• In the latest reports, India Household Debt reached 617.3 USD bn in Mar 2024.
• Money Supply M2 in India increased 7.9 % YoY in Nov 2024.
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.

India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 892.981 USD bn in 2024. This records an increase from the previous number of 847.894 USD bn for 2023. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 80.393 USD bn from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 892.981 USD bn in 2024 and a record low of 7.715 USD bn in 1961. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

Pertumbuhan PDB Riil India dilaporkan sebesar 4.4 % pada 2022-12. Rekor ini turun dibanding sebelumnya yaitu 6.3 % untuk 2022-09. Data Pertumbuhan PDB Riil India diperbarui triwulanan, dengan rata-rata 7.2 % dari 2005-06 sampai 2022-12, dengan 71 observasi. Data ini mencapai angka tertinggi sebesar 21.6 % pada 2021-06 dan rekor terendah sebesar -23.4 % pada 2020-06. Data Pertumbuhan PDB Riil India tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Real GDP: Y-o-Y Growth: Quarterly: Asia.

India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 154.581 2010=100 in Dec 2019. This records an increase from the previous number of 152.648 2010=100 for Sep 2019. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 83.535 2010=100 from Jun 1996 (Median) to Dec 2019, with 95 observations. The data reached an all-time high of 154.581 2010=100 in Dec 2019 and a record low of 46.504 2010=100 in Jun 1996. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

Vital Statistics: Natural Growth Rate: per 1000 Population: Kerala data was reported at 6.200 NA in 2020. This records a decrease from the previous number of 6.400 NA for 2019. Vital Statistics: Natural Growth Rate: per 1000 Population: Kerala data is updated yearly, averaging 8.200 NA from Dec 1997 (Median) to 2020, with 23 observations. The data reached an all-time high of 11.800 NA in 1998 and a record low of 6.200 NA in 2020. Vital Statistics: Natural Growth Rate: per 1000 Population: Kerala data remains active status in CEIC and is reported by Office of the Registrar General & Census Commissioner, India. The data is categorized under India Premium Database’s Demographic – Table IN.GAH004: Vital Statistics: Natural Growth Rate: by States.

Pdb Per Kapita India dilaporkan sebesar 2,301.418 USD pada 2022. Rekor ini naik dibanding sebelumnya yaitu 1,971.654 USD untuk 2021. Data Pdb Per Kapita India diperbarui tahunan, dengan rata-rata 323.238 USD dari 1958 sampai 2022, dengan 65 observasi. Data ini mencapai angka tertinggi sebesar 2,301.418 USD pada 2022 dan rekor terendah sebesar 70.396 USD pada 1958. Data Pdb Per Kapita India tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: GDP Per Capita: USD: Annual.

India IT Industry Revenue: USD: IT Services: Domestic data was reported at 17.000 USD bn in 2019. This stayed constant from the previous number of 17.000 USD bn for 2018. India IT Industry Revenue: USD: IT Services: Domestic data is updated yearly, averaging 8.476 USD bn from Mar 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 17.000 USD bn in 2019 and a record low of 1.500 USD bn in 2000. India IT Industry Revenue: USD: IT Services: Domestic data remains active status in CEIC and is reported by National Association of Software and Service Companies. The data is categorized under Global Database’s India – Table IN.TF007: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Domestic Revenue.

India Vital Statistics: Natural Growth Rate: per 1000 Population data was reported at 13.500 NA in 2020. This records a decrease from the previous number of 13.800 NA for 2019. India Vital Statistics: Natural Growth Rate: per 1000 Population data is updated yearly, averaging 18.500 NA from Dec 1970 (Median) to 2020, with 51 observations. The data reached an all-time high of 22.000 NA in 1971 and a record low of 13.500 NA in 2020. India Vital Statistics: Natural Growth Rate: per 1000 Population data remains active status in CEIC and is reported by Office of the Registrar General & Census Commissioner, India. The data is categorized under Global Database’s India – Table IN.GAH001: Vital Statistics.

Investasi (Persentase dari PDB Nominal) India dilaporkan sebesar 2.80 % pada 2022. Rekor ini turun dibanding sebelumnya yaitu 3.99 % untuk 2021. Data Investasi (Persentase dari PDB Nominal) India diperbarui tahunan, dengan rata-rata 4.31 % dari 1992 sampai 2022, dengan 31 observasi. Data ini mencapai angka tertinggi sebesar 9.15 % pada 2016 dan rekor terendah sebesar 0.74 % pada 2000. Data Investasi (Persentase dari PDB Nominal) India tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Labour Productivity: Y-o-Y Growth: Annual.

India IN: GDP: Deflator: Single Hit Scenario data was reported at 1.511 Index, 2011-12 in 2021. This records an increase from the previous number of 1.451 Index, 2011-12 for 2020. India IN: GDP: Deflator: Single Hit Scenario data is updated yearly, averaging 0.777 Index, 2011-12 from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 1.511 Index, 2011-12 in 2021 and a record low of 0.370 Index, 2011-12 in 1995. India IN: GDP: Deflator: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. PGDP - Gross domestic product, market prices, deflatorIndex, national reference year

Debit Card: Number of Transaction: Volume: POS: Bank of India data was reported at 9,677,217.000 Unit in Sep 2018. This records an increase from the previous number of 9,627,587.000 Unit for Aug 2018. Debit Card: Number of Transaction: Volume: POS: Bank of India data is updated monthly, averaging 2,278,379.500 Unit from Apr 2011 (Median) to Sep 2018, with 90 observations. The data reached an all-time high of 12,226,430.000 Unit in Jun 2018 and a record low of 346,339.000 Unit in Apr 2011. Debit Card: Number of Transaction: Volume: POS: Bank of India data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAI017: Debit Card Statistics: by Bankwise.