Historical chart and dataset showing India economic growth by year from 1960 to 2023.

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: Economic growth: the rate of change of real GDP: The latest value from 2023 is 8.15 percent, an increase from 6.99 percent in 2022. In comparison, the world average is 3.43 percent, based on data from 184 countries. Historically, the average for India from 1961 to 2023 is 5.19 percent. The minimum value, -5.78 percent, was reached in 2020 while the maximum of 9.69 percent was recorded in 2021.

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 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.

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.

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 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.

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...

In financial year 2025, the growth in finance, real estate, and professional service sectors in India was estimated to be *** percent, a decrease from the previous year. These sectors are part of the country's service industries and make up the largest share of the country's gross value added in fiscal year 2020.

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 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.

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

During the financial year 2023, the year-on-year growth rate of both banks and non-banking financial companies (NBFCs) in India increased to ** percent and ** percent, respectively. In the last ***** financial years, loan advances by NBFCs remained less than those by banks. Credit market in India The organized loan market in India has many players that can be categorized into banks or NBFCs. Traditionally, banks have been the main source of credit for various industries and sectors within the Indian economy. However, in recent years, NBFCs have emerged as a viable alternative to traditional banks, offering services such as loans, savings and investment plans, credit facilities, and insurance among others. While NBFCs are making significant strides, banks are also expanding their presence in the credit market. For example, to compete with NBFCs, banks have been increasing their disbursement of gold loans in recent years. NBFCs: driving financial inclusion NBFCs have emerged as a significant force in promoting financial inclusion in India by successfully catering to the underserved segments of society. As of September 2023, NBFCs in the country have disbursed loans and advances amounting to over *** billion U.S. dollars. The growing market share of NBFCs can be attributed to the lighter and more flexible regulations imposed by the Reserve Bank of India, as well as their focus on specific sectors and niche markets. The NBFC sector has been experiencing double-digit growth recently, and this trend is expected to continue in the near future.

India IN: GDP: Growth data was reported at 10.262 % in 2026. This records a decrease from the previous number of 10.474 % for 2025. India IN: GDP: Growth data is updated yearly, averaging 12.476 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 22.126 % in 1974 and a record low of -1.241 % in 2020. India IN: GDP: Growth 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: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The India Trade Finance Market is Segmented by Product (Documentary, Non-Documentary), by Service Provider (Banks, Trade Finance Companies, Insurance Companies, and More), by Application (Domestic, International), by Company Size (Large Enterprises, Small and Medium-Sized Enterprises), and by Financing Structure (Structured Trade Finance, Non-Structured Trade Finance). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Population Growth for India (SPPOPGROWIND) from 1961 to 2024 about India, population, and rate.

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.

Key information about India Tourism Revenue Growth

• India Tourism Revenue grew 30.0 % YoY in Dec 2024, compared with an increase of 29.6 % YoY in the previous month
• India Tourism Revenue Growth rate data is updated monthly, available from Jan 2002 to Dec 2024
• The data reached an all-time high of 10,277.8 % in Apr 2021 and a record low of -99.6 % in Apr 2020

CEIC calculates Tourism Revenue Growth from monthly Tourism Revenue. The Ministry of Tourism provides Tourism Revenue in USD.

India IN: GDP: Growth: Volume: Single Hit Scenario data was reported at 7.936 % in 2021. This records an increase from the previous number of -3.720 % for 2020. India IN: GDP: Growth: Volume: Single Hit Scenario data is updated yearly, averaging 7.227 % from Dec 1996 (Median) to 2021, with 26 observations. The data reached an all-time high of 8.498 % in 2010 and a record low of -3.720 % in 2020. India IN: GDP: Growth: Volume: 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: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.