The statistic shows the growth of the real gross domestic product (GDP) in India from 2019 to 2024, with projections up until 2029. 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 7.02 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.
In the financial year 2023, Maharashtra emerged as the leader in rural manufacturing GDP within India, reaching approximately 4.7 trillion Indian rupees. Following closely behind was Uttar Pradesh, with a notable figure of about four trillion rupees. The nine listed states account for roughly 72 percent of the rural manufacturing GVA in India.
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra Pradesh data was reported at 4.779 % in 2024. This records a decrease from the previous number of 4.848 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra Pradesh data is updated yearly, averaging 4.431 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 4.929 % in 2021 and a record low of 4.133 % in 2014. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra Pradesh 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
The estimated per capita income across Sikkim was the highest among Indian states at around 588 thousand Indian rupees in the financial year 2024. Meanwhile, it was the lowest in the northern state of Bihar at over 60 thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated 184 thousand rupees. What is per capita income? Per capita income is a measure of the average income earned per person in a given area in a certain period. It is calculated by dividing the area's total income by its total population. If absolute numbers are noted, India’s per capita income doubled from the financial year 2015 to 2023. Wealth inequality However, as per economists, the increase in the per capita income of a country does not always reflect an increase in the income of the entire population. Wealth distribution in India remains highly skewed. The average income hides the disbursal and inequality in a society. Especially in a society like India where the top one percent owned over 40 percent of the total wealth in 2022.
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal data was reported at 5.647 % in 2024. This records a decrease from the previous number of 5.696 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal data is updated yearly, averaging 5.907 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 7.022 % in 2005 and a record low of 5.633 % in 2022. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal 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.
The statistic shows GDP in India from 1987 to 2023, with projections up until 2029. In 2023, GDP in India was at around 3.57 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.
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The Gross Domestic Product (GDP) in India expanded 1.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - India GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data was reported at 2.836 % in 2024. This records an increase from the previous number of 2.776 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data is updated yearly, averaging 2.743 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 2.894 % in 2020 and a record low of 2.351 % in 2006. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar 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
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Rajasthan data was reported at 5.074 % in 2024. This records an increase from the previous number of 5.050 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Rajasthan data is updated yearly, averaging 4.922 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 5.127 % in 2021 and a record low of 4.107 % in 2008. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Rajasthan 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
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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 state of Maharashtra had the highest gross state domestic product in financial year 2017, valued at about 22 trillion Indian rupees, contributing about 18 percent to the country's GDP. Tamil Nadu followed at about 12.7 trillion rupees during the measured time period.
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Gujarat data was reported at 8.194 % in 2023. This records an increase from the previous number of 8.140 % for 2022. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Gujarat data is updated yearly, averaging 7.399 % from Mar 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 8.194 % in 2023 and a record low of 6.844 % in 2005. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Gujarat 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
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Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu data was reported at 9.035 % in 2024. This records an increase from the previous number of 8.900 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu data is updated yearly, averaging 8.584 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 9.035 % in 2024 and a record low of 7.370 % in 2005. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu 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
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The dataset contains All India Yearly Central and State Government Debt Indicators from Handbook of Statistics on Indian Economy.
As of 2021, the Sustainable Development Goal (SDG) index score for decent work and economic growth (SDG 8) ranges between 78 and 36 for Indian states and union territories. The state of Himachal Pradesh had the highest score of 78.
This database presents the data underlying the regression results presented in the Party Politics paper entitled Economic Performance and Electoral Volatility: Testing the Economic Voting Hypothesis on Indian States. The online Appendix presents the regression results of the robustness test discussed in the text. The data covers 14 Indian states and included volatility measures and economic state data.
In financial year 2022, the Indian state of Maharashtra was the leading contributor of 134.3 billion U.S. dollars to the total retail GDP. This was followed by Tamil Nadu with a contribution of over 71 billion U.S. dollars to the retail GDP.
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NSDP Per Capita: Punjab data was reported at 196,504.719 INR in 2024. This records an increase from the previous number of 181,678.286 INR for 2023. NSDP Per Capita: Punjab data is updated yearly, averaging 139,834.638 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 196,504.719 INR in 2024 and a record low of 85,576.648 INR in 2012. NSDP Per Capita: Punjab data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.
Data submitted is based on farm surveys among 660 farmers in the Siriguppa taluk of Bellary district in the Indian state of Karnataka. The data includes four waves of surveys among same farmers over five years from 2012-13 to 2016-17. The first survey – baseline survey – was carried out in the first year of the project before the implementation of the experimental intervention. The intervention was on providing farmers with crop cultivation information ranging from land preparation to harvesting, information on credit and insurance, the price of inputs and outputs, etc. This intervention was carried out every year except 2014-15. After the baseline survey, two more surveys were carried out apart from the endline survey. These surveys retrospectively record information on several aspects of farming, social network, and household consumption.
Abstract Recent years have witnessed renewed appreciation that agriculture could play a significant role in the pursuit of Millennium Development Goals. In this context, the role of information dissemination through information and communication technology (ICT) in improving rural welfare is highlighted. However, some fear that with ICT technological disparity will arise, and existing socio-economic inequality and poverty will be further exacerbated. This study will use randomised experiment and surveys before and after the experiment to investigate the impact of ICT on rural welfare in the Indian state of Karnataka. The two key aims of this project are: (1) to unravel the linkage between information access and agricultural growth, rural development, reduction of poverty, and income and social inequality; (2) to identify the role of ICT as a potential instrument of rural information and empowerment for inclusive growth. The randomised experimental methodology proposed here involves facilitating information access on key agriculture related services to households in some villages and not in others. Combining data from both surveys and the experiment, we investigate the impact of information dissemination on agricultural practices, household incomes, social network, risk coping mechanism and caste disparity. India's development priorities include poverty reduction and faster, more inclusive growth. Due to widespread rural poverty and high population growth, India must increase agricultural productivity. In the current debate among academics and policy makers on inclusive growth in India, there is a growing concern that poor people, especially in rural India, have benefited very little from rapid economic growth. Asymmetric information coupled with poor skill sets are considered the root cause, and inability of the rural poor to take advantage of opportunities in the markets, created by technology advancement and policy changes. Addressing the problem of asymmetric information is expected to empower the rural poor to take advantage of the market opportunities as well as overcome the skill set deficits in the long run, and therefore, enhances inclusiveness. The action research proposed in the current project using experimental methodology does precisely this - benefits the rural community directly, where e-governance facilities installed and access to range of information provided. The information will include both public and private services in the areas of education, health, agriculture, employment, financial inclusion, etc. These services will directly cater to the needs of the village inhabitants, local government as well as business. In recent years, there is a proliferation of government welfare programs for the poor to be delivered in the rural areas. But several of these services have not been delivered due to weak last mile organisational linkage. Proper design and use of the telecentres can help overcome this difficulty to a large extent and effectively reach the rural poor. With public access to information on these services, there can be some scope for transparency and lower corruption. Apart from directly benefiting the rural people, this project will inform the ongoing debate on some of the concerns raised.
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The current research project investigates the correlation between economic growth, government spending, and public revenue in seventeen Indian states spanning the years 1990 to 2020. An analysis of the relationship between key fiscal policy variables and economic growth was conducted utilising a panel data approach, the Generalised Method of Moments (GMM), and fully modified Ordinary Least Squares (FMOLS & DOLS) estimation. In our investigation, we assessed the impacts of non-tax revenue, development plan expenditure, tax revenue, and development non-plan expenditure on (i) the net state domestic product (NSDP) and (ii) the NSDP per capita. The findings indicate that the selected fiscal variables are significantly related. The results indicate that expeditious expansion of the fiscal sector is obligatory to stimulate economic growth in India and advance the actual development of the economies of these states.
The statistic shows the growth of the real gross domestic product (GDP) in India from 2019 to 2024, with projections up until 2029. 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 7.02 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.