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 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.

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.

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.

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 Nominal GDP Growth

• India Nominal GDP Growth was reported at 9.912 % in Dec 2024.
• This records an increase from the previous number of 8.263 % for Sep 2024.
• India Nominal GDP Growth data is updated quarterly, averaging 12.046 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 32.980 % in Jun 2021 and a record low of -21.356 % in Jun 2020.
• India Nominal GDP Growth 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: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Nominal GDP Growth prior to Q2 2012 is calculated from Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2005 is calculated from Nominal GDP based on SNA 1993, at 1999-2000 prices.

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.

Data and expert analysis on India’s GDP and GSDP including per capita values, sector and industry contribution, GVA, and comparison with global peers.

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.

Graph and download economic data for Nominal Gross Domestic Product for India (NGDPNSAXDCINQ) from Q2 2004 to Q4 2024 about India and GDP.

As of 2024, Mumbai had a gross domestic product of 368 billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around 167 billion U.S. dollars. India’s megacities also boast the highest GDP among other cities in the country. What drives the GDP of India’s megacities? Mumbai is the financial capital of the country, and its GDP growth is primarily fueled by the financial services sector, port-based trade, and the Hindi film industry or Bollywood. Delhi in addition to being the political hub hosts a significant services sector. The satellite cities of Noida and Gurugram amplify the city's economic status. The southern cities of Bengaluru and Chennai have emerged as IT and manufacturing hubs respectively. Hyderabad is a significant player in the pharma and IT industries. Lastly, the western city of Ahmedabad, in addition to its strategic location and ports, is powered by the textile, chemicals, and machinery sectors. Does GDP equal to quality of life? Cities propelling economic growth and generating a major share of GDP is a global phenomenon, as in the case of Tokyo, Shanghai, New York, and others. However, the GDP, which measures the market value of all final goods and services produced in a region, does not always translate to a rise in quality of life. Five of India’s megacities featured in the Global Livability Index, with low ranks among global peers. The Index was based on indicators such as healthcare, political stability, environment and culture, infrastructure, and others.

In 2020, the GDP per capita at current prices in India was estimated to approximately 2,379 U.S. dollars. Projections from per capita GDP are expected to increase up to 2024, with a projected GDP per capita of 3,277 U.S. dollars projected for that year.

GDP, billion currency units in India, December, 2024 The most recent value is 84738.67 billion Indian Rupee as of Q4 2024, an increase compared to the previous value of 78389.67 billion Indian Rupee. Historically, the average for India from Q2 2004 to Q4 2024 is 34688.98 billion Indian Rupee. The minimum of 7240.4 billion Indian Rupee was recorded in Q2 2004, while the maximum of 84738.67 billion Indian Rupee was reached in Q4 2024. | TheGlobalEconomy.com

The Gross Domestic Product per capita in India was last recorded at 2236.31 US dollars in 2023. The GDP per Capita in India is equivalent to 18 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Nominal Gross Domestic Product for India (NGDPXDCINA) from 2005 to 2024 about India and GDP.

GDP (current US$) in India was reported at 3567551674623 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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...

Graph and download economic data for Real Gross Domestic Product for India (NGDPRNSAXDCINQ) from Q2 2004 to Q4 2024 about India, real, and GDP.

India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing power of the rupee. The Indian economy A significant portion of India’s economic growth comes from a shift in the workforce from the agricultural sector to the more-productive service sector. This labor force shift is particularly significant in India because of the country’s staggering population figures. As such, changes in the Indian economy have an impact on a significant portion of the world population. What does PPP mean? The Economist magazine uses the Big Mac Index to illustrate purchasing power. Since the product should be the same in every country that has a McDonalds, the Big Mac’s price should reflect the purchasing power of each local currency. For the calculation in this statistic, economists took the prices of several standard goods (though not the Big Mac) and put them at the same level based on their prices in the local currency. Thus, the power of these currencies to purchase was put on par across countries, giving purchasing power parity. As such, this statistic can be interpreted as the relative size of the Indian economy if the whole world used the Indian rupee price levels.

Consumption as percent of GDP in India, March, 2025 The most recent value is 58.28 percent as of Q1 2025, a decline compared to the previous value of 65.09 percent. Historically, the average for India from Q2 2004 to Q1 2025 is 58.46 percent. The minimum of 51.69 percent was recorded in Q1 2011, while the maximum of 65.09 percent was reached in Q4 2024. | TheGlobalEconomy.com