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.

The dataset provides year-wise annual Gross Domestic Product (GDP) figures at both current and constant prices from 1950–51, with 2011–12 as the base year. GDP represents the total market value of all goods and services produced within an economy over a specific period

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for India (PGD2USINA621NUPN) from 1950 to 2010 about PPP, India, per capita, and GDP.

Graph and download economic data for Investment Share of Purchasing Power Parity Converted GDP Per Capita at current prices for India (CIPPPGINA156NUPN) from 1950 to 2010 about PPP, India, investment, per capita, and GDP.

India IN:(GDP) Gross Domestic ProductVolume Index data was reported at 158.814 2010=100 in 2017. This records an increase from the previous number of 148.793 2010=100 for 2016. India IN:(GDP) Gross Domestic ProductVolume Index data is updated yearly, averaging 19.670 2010=100 from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 158.814 2010=100 in 2017 and a record low of 5.472 2010=100 in 1950. India IN:(GDP) Gross Domestic ProductVolume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

Graph and download economic data for Output-side Real GDP at Current Purchasing Power Parities for India (CGDPOSINA666NRUG) from 1950 to 2019 about PPP, India, real, and GDP.

India IN: GDP: Net National Income data was reported at 134,859,080.000 INR mn in 2016. This records an increase from the previous number of 120,830,930.000 INR mn for 2015. India IN: GDP: Net National Income data is updated yearly, averaging 1,606,120.000 INR mn from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 134,859,080.000 INR mn in 2016 and a record low of 89,100.000 INR mn in 1950. India IN: GDP: Net National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

India IN:(GDP) Gross Domestic ProductDeflator data was reported at 135.680 2010=100 in 2017. This records an increase from the previous number of 131.095 2010=100 for 2016. India IN:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 15.847 2010=100 from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 135.680 2010=100 in 2017 and a record low of 1.976 2010=100 in 1955. India IN:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

The dataset contains year-wise historical data on value of Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF), Import and Export of Valuables and Goods, Change in Stocks (CIS), Government Final Consumption Expenditure (GFCE), Private Final Consumption Expenditure (PFCE), Discrepancies, and Valuables, at constant and current prices, since the year 1950-51

The median age in India was 27 years old in 2020, meaning half the population was older than that, half younger. This figure was lowest in 1970, at 18.1 years, and was projected to increase to 47.8 years old by 2100. Aging in India India has the second largest population in the world, after China. Because of the significant population growth of the past years, the age distribution remains skewed in favor of the younger age bracket. This tells a story of rapid population growth, but also of a lower life expectancy. Economic effects of a young population Many young people means that the Indian economy must support a large number of students, who demand education from the economy but cannot yet work. Educating the future workforce will be important, because the economy is growing as well and is one of the largest in the world. Failing to do this could lead to high youth unemployment and political consequences. However, a productive and young workforce could provide huge economic returns for India.

Graph and download economic data for Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for India (KGPPPGINA156NUPN) from 1950 to 2010 about PPP, India, per capita, consumption, government, real, and GDP.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for India (RGDPL2INA625NUPN) from 1950 to 2010 about PPP, India, domestic, per capita, GDP, and rate.

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for India (CSHRCPINA156NRUG) from 1950 to 2019 about residual, PPP, India, trade, and GDP.

Graph and download economic data for Output-side Real GDP at chained Purchasing Power Parities for India (RGDPOSINA666NRUG) from 1950 to 2019 about chained, PPP, India, real, and GDP.

Graph and download economic data for Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for India (PLGDPOINA670NRUG) from 1950 to 2019 about PPP, India, real, GDP, and price.

Graph and download economic data for Price level of Expenditure-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for India (DISCONTINUED) (PLGDPEINA670NRUG) from 1950 to 2011 about PPP, India, real, GDP, and price.

IN：国内生产总值量指数在12-01-2017达158.8142010=100，相较于12-01-2016的148.7932010=100有所增长。IN：国内生产总值量指数数据按年更新，12-01-1950至12-01-2017期间平均值为19.6702010=100，共68份观测结果。该数据的历史最高值出现于12-01-2017，达158.8142010=100，而历史最低值则出现于12-01-1950，为5.4722010=100。CEIC提供的IN：国内生产总值量指数数据处于定期更新的状态，数据来源于International Monetary Fund，数据归类于Global Database的印度 – 表 IN.国际货币基金组织.国际金融统计：国内生产总值：紧缩指数和物量指数：年度。

Graph and download economic data for Purchasing Power Parity Converted GDP Chain per equivalent adult for India (RGDPEQINA626NUPN) from 1950 to 2010 about adult, chained, PPP, India, and GDP.

In 2022, the global trade value of goods exported throughout the world amounted to approximately 24.9 trillion U.S. dollars at current prices. In comparison, this figure stood at around 6.45 trillion U.S. dollars in 2000. The rise in the value of goods exported around the world reflects developments in international trade, globalization, and advances in technology.

Export trade
Global trade refers to the exchange of capital, goods and services between different countries and territories. The export of trade goods refers to goods sold internationally which were grown, produced, or manufactured in another country.

Who are the leading importers and exporters of trade goods?
In 2021, China was the largest source of goods exported around the world, with total merchandise exports valuing approximately 3.37 trillion U.S. dollars. That year, China was responsible for almost 15 percent of all trade goods exported around the world. The United States was the second largest exporters of goods that year. The United States was the leading importer of merchandise in the world as of 2021. That year, the global superpower accounted for 13 percent of the world’s merchandise imports.