The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

Inflation Rate in India decreased to 2.82 percent in May from 3.16 percent in April of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The food inflation in India fell to around *** percent year-on-year in January 2025. In 2024, the food inflation peaked in October at about ** percent. Impact of inflation Inflation is a key economic indicator of an economy, influencing purchasing power, investments, and economic growth. The rise in food prices, which comprise about **** of the consumer price index (CPI) basket, affects large sections of the Indian population. Supply chain disruptions, increased cost of production, global market dependency, weather conditions, and government policies on minimum support prices are some reasons leading to food inflation. TOP drivers of food inflation Price-sensitive vegetables viz. tomato, onion, and potato (TOP) were the leading drivers of food inflation as per the Economic Survey for the financial year 2025. Experts argue that price pressures are not mainly due to a shortfall in production but post-harvest losses, seasonal production, and regional dispersion in production.  

Cost of food in India increased 0.99 percent in May of 2025 over the same month in the previous year. This dataset provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India inflation rate for 2024 was 4.95%, a 0.7% decline from 2023.

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

<li>India inflation rate for 2023 was <strong>5.65%</strong>, a <strong>1.05% decline</strong> from 2022.</li>
<li>India inflation rate for 2022 was <strong>6.70%</strong>, a <strong>1.57% increase</strong> from 2021.</li>
<li>India inflation rate for 2021 was <strong>5.13%</strong>, a <strong>1.49% decline</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

India's quarterly GDP was estimated to grow by 8.4 percent in the second quarter of financial year 2022 compared to the same quarter in the previous fiscal year. While continuing to be a positive change, it was a significant reduction from the performance during the first quarter of fiscal year 2022 when GDP growth peaked by 20 percent.

Cost of the pandemic

As a result of the various lockdowns enforced since the onset of the coronavirus pandemic in 2020, the Indian economy has been reeling from a multibillion dollar setback. The GDP contribution as well as the employment rate among most major sectors, especially services and trade, had taken a hit. The agriculture sector was an exception, having experienced positive changes on both these fronts.

A slowly recovering economy

With the outbreak of the second wave of the pandemic in March 2021, the government redirected financial support to boost India’s vaccination campaign. As of February 2022, over a billion vaccine doses had been administered across the country. Furthermore, inflation within the country was expected to decline 2021 onwards. However, the stagnation of employment continued to remain a matter of concern with protests erupting across different states in 2022.

India IESH: RBI: Inflation Expectations: Current: Mean data was reported at 8.538 % in Mar 2025. This records a decrease from the previous number of 8.848 % for Jan 2025. India IESH: RBI: Inflation Expectations: Current: Mean data is updated monthly, averaging 9.150 % from Sep 2006 (Median) to Mar 2025, with 92 observations. The data reached an all-time high of 12.700 % in Sep 2014 and a record low of 4.500 % in Dec 2007. India IESH: RBI: Inflation Expectations: Current: Mean data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SG001: Inflation Expectations Survey of Households (IESH): Reserve Bank of India: Inflation Expectations. [COVID-19-IMPACT]

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 Consumer Price Index CPI growth

• India Consumer Price Index (CPI) growth was measured at 3.6 % YoY in Feb 2025, compared with a rate of 4.3 % in the previous month.
• India Consumer Price Index growth data is updated monthly, available from Jan 1958 to Feb 2025, with an averaged number of 6.6 % YoY.
• The data reached an all-time high of 34.6 % YoY in Sep 1974 and a record low of -11.3 % YoY in Jun 1976.

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.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for India.

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.

India SPF:(CPI) Consumer Price IndexCombined: Headline: Current Fiscal Year: Mean data was reported at 4.700 % in Apr 2025. This records a decrease from the previous number of 4.800 % for Feb 2025. India SPF:(CPI) Consumer Price IndexCombined: Headline: Current Fiscal Year: Mean data is updated monthly, averaging 4.800 % from Jun 2017 (Median) to Apr 2025, with 48 observations. The data reached an all-time high of 6.700 % in Dec 2022 and a record low of 3.400 % in Aug 2017. India SPF:(CPI) Consumer Price IndexCombined: Headline: Current Fiscal Year: Mean 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.SH021: Survey of Professional Forecasters (SPF): Reserve Bank of India: Annual Forecasts: Inflation: CPI Combined: Headline. [COVID-19-IMPACT]

India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Comb data was reported at 253.800 2001=100 in Oct 2018. This stayed constant from the previous number of 253.800 2001=100 for Sep 2018. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Comb data is updated monthly, averaging 171.820 2001=100 from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 253.800 2001=100 in Oct 2018 and a record low of 108.750 2001=100 in Aug 2006. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Comb data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Inflation – Table IN.IG015: Retail Price Index: Industrial Workers: 2001=100: Miscellaneous: Personal Care and Effects.

India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Face Powder, Talcum Powder data was reported at 359.720 2001=100 in Oct 2018. This records an increase from the previous number of 358.260 2001=100 for Sep 2018. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Face Powder, Talcum Powder data is updated monthly, averaging 213.760 2001=100 from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 359.720 2001=100 in Oct 2018 and a record low of 152.300 2001=100 in Nov 2006. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Face Powder, Talcum Powder data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Inflation – Table IN.IG015: Retail Price Index: Industrial Workers: 2001=100: Miscellaneous: Personal Care and Effects.

This dataset simulates the economic impact of the COVID-19 pandemic on India's GDP across various sectors and states from 2019 to 2022. It includes realistic variations in GDP before and during the pandemic, along with key economic indicators like unemployment, migration, inflation, and vaccination rate.

Although the data is synthetic, it follows realistic patterns inspired by publicly available economic and government reports.

Key features:

State-wise and sector-wise granularity

Time-series data spanning 48 months (2019–2022)

Simulated recovery metrics post-COVID

Useful for economic forecasting, ML modeling, policy simulations, and dashboards

India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Perfume data was reported at 164.700 2001=100 in Oct 2018. This stayed constant from the previous number of 164.700 2001=100 for Sep 2018. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Perfume data is updated monthly, averaging 133.120 2001=100 from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 164.700 2001=100 in Oct 2018 and a record low of 108.730 2001=100 in Jan 2006. India Retail Price Index: Industrial Workers: 2001p: Personal Care and Effects: Perfume data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Inflation – Table IN.IG015: Retail Price Index: Industrial Workers: 2001=100: Miscellaneous: Personal Care and Effects.

Consumer Price Index CPI in India increased to 193 points in May from 192.60 points in April of 2025. This dataset provides - India Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.