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.

Historical dataset showing India gdp growth rate by year from 1961 to 2023.

A research from Deloitte shows ***** estimations based on different scenarios, ranging from optimism to extreme pessimism, of India’s real GDP growth rate. In scenario one, with mass vaccination, the local spread of the virus may see significant reduction and there will be no further outbreaks. Meanwhile, as the stimulus and reforms come into effect, the economy can be expected to reach pre-Covid-19 pandemic levels around end of 2021. However, in scenario two, as the pandemic continues to affect Indian society, and the governmental spending and reforms are limited by the impact, the economy is expected to reach pre-crisis levels in mid-2022. In scenario three, the most pessimistic estimation, Indian economy will only recover at the end of financial year 2023.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in India was reported at 6.7 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In the second quarter of 2023, the real GDP in India grew by *** percent, compared to the same quarter of the previous year.

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.

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 dataset contains All India Yearly Macroeconomic Aggregates at Constant Price from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2020-21 are Third Revised Estimates for 2021-22 are Second Revised Estimates and for 2022-23 are First Revised Estimates. 2. Data for 2023-24 are Provisional Estimates.

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.

The dataset contains All India Monthly Wholesale Price Index in Old Format from Handbook of Statistics on Indian Economy.

In financial year 2023, the annual growth rate of net national income at constant prices in India amounted to over *** percent. Overall, the growth rate of net national income in the country had been slowing down due to various social and economic policies undertaken by the government.

The dataset contains All India and Yearly Growth Rates of Foreign Direct Investment Companies

Note: 1. Empty value indicates denominator is negative, nil or negligible 2. For the reporting years 2017–18, 2015–16, and earlier, sales values are net of 'rebates and discounts' and 'excise duty and cess'. 3. For reporting year 2015-16 Dividend paid, Profit Retained, Gross Saving information was not available for 2013-14 in MCA data 4. For reporting year 2014-15 Dividend paid, Profit Retained information was not available for 2012-13 in MCA data 5. For the reporting years 2017–18 Profit Before Tax, Profit After Tax are calculated for continuing operations of companies 6. For reporting year 2012-13 adn 2013-14 Networth and all asset categories are adjusted for revaluation, etc 7. Data for the reporting year 2019–20 is not available in the source

India IN: GDP: Growth: Volume: Exports of Goods and Services data was reported at 3.332 % in 2025. This records a decrease from the previous number of 5.463 % for 2024. India IN: GDP: Growth: Volume: Exports of Goods and Services data is updated yearly, averaging 8.817 % from Dec 1997 (Median) to 2025, with 29 observations. The data reached an all-time high of 27.609 % in 2005 and a record low of -10.119 % in 2020. India IN: GDP: Growth: Volume: Exports of 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: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP per capita growth (annual %) in India was reported at 5.54 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The dataset contains All India Monthly Growth Rate of Consumer Price Index in New Format from Handbook of Statistics on Indian Economy.

Note: 1. Urban Non-manual Employees - Discontinued from January 2011. 2. Inflation as per the New CPI is available from January 2012. 3. In case of New CPI, data for the latest month is provisional. 4. CPI indices for Apr-May, 2020 are imputed indices published by the NSO and accordingly the 'Annual variation' can be interpreted with caveat. 5. CPI Industrial Workers annual variation from Sep-2020 onwards has been derived by linking the current base series (2016=100) with the previous base series (2001=100) by the linking factor 2.88. 6. CPI Combined Food and beverages annual variation has been published in place of CPI Industrial Workers Food group.

India PFS: Real GDP: Growth Rate: Next Fiscal Year: Median data was reported at 7.300 % in Mar 2019. This stayed constant from the previous number of 7.300 % for Dec 2018. India PFS: Real GDP: Growth Rate: Next Fiscal Year: Median data is updated quarterly, averaging 7.400 % from Jun 2017 (Median) to Mar 2019, with 8 observations. The data reached an all-time high of 7.800 % in Jun 2017 and a record low of 7.300 % in Mar 2019. India PFS: Real GDP: Growth Rate: Next Fiscal Year: Median 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.

Vital Statistics: Natural Growth Rate: per 1000 Population: West Bengal data was reported at 9.100 NA in 2020. This records a decrease from the previous number of 9.600 NA for 2019. Vital Statistics: Natural Growth Rate: per 1000 Population: West Bengal data is updated yearly, averaging 11.000 NA from Dec 1997 (Median) to 2020, with 23 observations. The data reached an all-time high of 13.700 NA in 2001 and a record low of 9.100 NA in 2020. Vital Statistics: Natural Growth Rate: per 1000 Population: West Bengal 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.

The dataset contains All India Monthly Wholesale Price Index in New Format from Handbook of Statistics on Indian Economy.

Note: Data for latest two months are provisional.

Key information about India Labour Productivity Growth

• India Labour Productivity dropped by 2.80 % YoY in Dec 2022, compared with a growth of 3.99 % in the previous year
• India Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 4.31 %
• The data reached an all-time high of 9.15 % in Dec 2016 and a record low of 0.74 % in Dec 2000

CEIC shifts year-end for annual Labour Force Participation Rate. CEIC calculates annual Labour Productivity Growth from annual Real GDP and annual Employment. The Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on NAS 2011-12, at 2011-12 prices. Organisation for Economic Co-operation and Development provides Employment data. Labour Productivity Growth prior to 2013 is based on World Bank's GDP per person employed, 2021 PPP

The annual growth rate for industrial production in India recovered and registered a growth rate of over **** percent in the financial year 2023. The IIP growth rate is expected to increase to nearly *** percent in 2024.