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 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.

The Gross Domestic Product (GDP) in India expanded 8.20 percent in the third 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.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.6 % of its Nominal GDP in Dec 2024, compared with a percentage of 120.9 % in the previous year
• India Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1993 to Dec 2024
• The data reached an all-time high of 146.4 % in Dec 2007 and a record low of 23.0 % in Dec 2001

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. BSE Limited provides Market Capitalization in local currency. The Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency. Nominal GDP is reported in annual frequency, ending in March of each year.


Further information about India Market Capitalization: % of GDP

• In the latest reports, SENSEX recorded a daily P/E ratio of 23.4 in Nov 2025
• Sensitive 30 (Sensex) closed at 85,706.7 points in Nov 2025

Key information about India Gross National Product (GNP)

• India Gross National Product (GNP) was reported at 3,589.169 USD bn in Dec 2023.
• This records an increase from the previous number of 3,301.403 USD bn for Dec 2022.
• India Gross National Product (GNP) data is updated yearly, averaging 277.336 USD bn from Dec 1957 to 2023, with 67 observations.
• The data reached an all-time high of 3,589.169 USD bn in 2023 and a record low of 28.750 USD bn in 1957.

Related information about India Gross National Product (GNP) data

• India Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC shifts year-end for annual Gross National Product and converts it into USD. Ministry of Statistics and Programme Implementation provides Gross National Product in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Gross National Product is reported in annual frequency, ending in March of each year.

Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

The India facility management (FM) market was valued at USD 2.84 Billion in 2024. The market is expected to grow at a CAGR of 10.49% during the forecast period of 2025-2034 to reach a value of USD 7.70 Billion by 2034.

The Indian facility management market is driven by the rapid rise of integrated township projects, which demand bundled services like security, landscaping, waste management, and maintenance, thus creating steady, long-term contracts and boosting demand for organized facility management providers. Furthermore, the country’s strong infrastructure drive with the Smart Cities Mission pushing for advanced, tech-enabled services across public and private assets, has fuelled heavy demand. Government initiatives like Gati Shakti and Make in India are fuelling expansion in logistics parks, manufacturing units, and Special Economic Zones (SEZs) all requiring structured FM services.

The India facility management market is shifting towards outcome-based models. Clients now demand KPIs on energy efficiency, turnaround time, and predictive maintenance. Notably, the Bureau of Energy Efficiency's PAT (Perform, Achieve, Trade) scheme has prompted facility managers towards integrating energy auditing and management systems. AI-driven asset monitoring, IoT-powered HVAC controls, and sensor-based waste segregation have become basic offerings. For example, Delhi International Airport has adopted integrated FM with real-time monitoring of utility usage and waste flow, boosting sustainability metrics significantly.

At the enterprise level, demand for integrated facility management (IFM) is witnessing traction among IT parks, BFSI, and large-scale industrial setups. Meanwhile, startups like Facilio and Enviro are deploying cloud-based platforms for real-time facilities command centres. The market is evolving past labour-heavy contracts to technology-augmented, compliance-led operations. As India pushes for a USD 5 trillion economy, facility management is expected to play a pivotal role in ensuring scalable and sustainable built environments.

In the 21st Century, India's micro, small, and medium enterprises (MSME) have mass employment and contributed to around 30% of India's GDP in 2020. As of 2020, India has a house of 2.5 million units and is the backbone of large sectors such as manufacturing, agriculture, aviation, IT & ITeS, pharma, cement, and automobiles. India Government initiatives helped MSME to grow at the rate of 18.5% CAGR in 2019-2020. Indian Government is committed to bringing sustainable growth to the MSME sector. This brings the point to look into scalability issues often faced by these industries due to the typical owner and employee organization structure and the lack of knowledge of recent HR practices. All the management and operational decisions are factored into top leadership (the business owner and his sons). With the young entrepreneurs stepping into the family business, the face of this industry is bound to change further. Indian Government has doubled the budget for the MSME sector in FY22 from $ 1.03 billion in FY21 to $ 2.14 billion in FY22. With the Industrial Revolution 5.0, India has witnessed multiple unicorns in the last decade, and they are bound to see maturity in leadership sustainability and focus on employee empowerment. The study aims to look into labor law barriers faced by those not covered in the FY22 vision document for adopting to meet 5 trillion dollar business demands by 2025.

Key information about India Total Loans

• India Total Loans was reported at 2,125.086 USD bn in Jun 2025
• This records an increase from the previous number of 2,120.268 USD bn for Mar 2025
• India Total Loans data is updated quarterly, averaging 939.826 USD bn from Dec 1998 to Jun 2025, with 107 observations
• The data reached an all-time high of 2,125.086 USD bn in Jun 2025 and a record low of 82.701 USD bn in Dec 1998
• India Total Loans 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: Total Loans: USD: Quarterly

CEIC converts quarterly Total Loans into USD. The Reserve Bank of India provides Total Loans in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Total Loans cover lenders as Scheduled Commercial Banks.

India recorded a Government Debt to GDP of 81.92 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the data Real Gross Domestic Product - Components - Current Local Curreny Unit (CLU) for the country India. Indicator Definition:Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 107.98 Trillion Indian Rupees as of 6/30/2025, the highest value at least since 9/30/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 6.91 percent compared to the value the year prior.The 1 year change in percent is 6.91.The 3 year change in percent is 18.84.The 5 year change in percent is 38.51.The 10 year change in percent is 79.57.The Serie's long term average value is 62.67 Trillion Indian Rupees. It's latest available value, on 6/30/2025, is 72.32 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 6/30/2025, is +277.40%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.Indicator Definition:Real General Government Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real General Government Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 17.39 Trillion Indian Rupees as of 6/30/2025, the highest value at least since 9/30/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 4.22 percent compared to the value the year prior.The 1 year change in percent is 4.22.The 3 year change in percent is 15.97.The 5 year change in percent is 14.03.The 10 year change in percent is 62.90.The Serie's long term average value is 11.23 Trillion Indian Rupees. It's latest available value, on 6/30/2025, is 54.89 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 6/30/2025, is +224.40%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.Indicator Definition:Real Gross Fixed Capital Formation, Unadjusted, Domestic CurrencyThe indicator "Real Gross Fixed Capital Formation, Unadjusted, Domestic Currency" stands at 64.53 Trillion Indian Rupees as of 6/30/2025, the highest value at least since 9/30/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 7.36 percent compared to the value the year prior.The 1 year change in percent is 7.36.The 3 year change in percent is 24.16.The 5 year change in percent is 57.88.The 10 year change in percent is 95.09.The Serie's long term average value is 36.22 Trillion Indian Rupees. It's latest available value, on 6/30/2025, is 78.18 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 6/30/2025, is +325.97%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.Indicator Definition:Real Changes in Inventories, Unadjusted, Domestic CurrencyThe indicator "Real Changes in Inventories, Unadjusted, Domestic Currency" stands at 5.90 Trillion Indian Rupees as of 6/30/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.79 percent compared to the value the year prior.The 1 year change in percent is 2.79.The 3 year change in percent is 25.91.The 5 year change in percent is 180.48.The 10 year change in percent is 32.59.The Serie's long term average value is 3.89 Trillion Indian Rupees. It's latest available value, on 6/30/2025, is 51.44 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2020, to it's latest available value, on 6/30/2025, is +201.87%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 6/30/2025, is -2.47%.Indicator Definition:Net Trade is defined as exports minus imports (measured in local currency units (LCU)).The indicator "Net Trade (Current LCU)" stands at -2.23 Trillion Indian Rupees as of 6/30/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 53.40 percent compared to the value the year prior.The 1 year change in percent is 53.40.The 3 year change in percent is -6.03.The 5 year change in percent is 30.62.The 10 year change in percent is -41.63.The Serie's long term average value is -2.99 Trillion Indian Rupees. It's latest available value, on 6/30/2025, is 25.47 percent higher, compared to it's long term average value.The Serie's change in Indian Rupees from it's minimum value, on 3/31/2013, to it's latest available ...

In 2024, the national debt of India amounted to around 3.16 trillion U.S. dollars. Projections show an upward trend, with a significant increase each year. Honor thy national debtNational debt, also called government debt or public debt, is money owed by the federal government. It can be divided into internal debt, (which is owed to lenders in the country) and external debt (which is owed to foreign lenders). National debt is created and increased by using government bonds, for example, or by borrowing money from other nations due to financial struggles (well-known case in point: Greece). A quite complex issue, national debt is expected to be paid back in accordance with certain regulations overseen by the Bank for International Settlements (BIS), a financial organization owned by central banks. India’s debt is rising, but so is its economic growthIndia’s liabilities have increased significantly, and forecasts show no end in sight. While India is a fast-growing economy and considered one of the main emerging economies, the so-called BRIC countries, India has been investing and borrowing money from commercial banks as well as several non-banking finance companies, and its national debt today makes up almost 70 percent of its GDP. Luckily, even though the national debt is forecast to increase, this share of GDP is predicted to decrease, as is the trade deficit in the long run, despite a significant jump back into the red in 2017.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 5.4 percent in 2023 and 5.0 percent in 2024. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. dollars. The United States is projected to have the second largest GDP, at 22.9 trillion U.S. dollars.

What is gross domestic product?

Gross domestic product, or GDP, is an economic measure of a country’s production in time. It includes all goods and services produced by a country and is used by economists to determine the health of a country’s economy. However, since GDP just shows the size of an economy and is not adjusted for the country’s size, this can make direct country comparisons complicated.

The growth of the global economy

Currently, the United States has the largest GDP in the world, at 20.5 trillion U.S. dollars. China has the second largest GDP, at 13.4 trillion U.S. dollars. In the coming years, production will become faster and more global, which will help to grow the global economy.

In financial year 2023, the assets under management by the NPS stood at over *** trillion Indian rupees. This was a considerable increase from around *** trillion rupees in the previous year. The relative size of India's pension assets to the GDP was considerably lower when compared to other economies.

In 2004, the National Pension System Trust was rolled out by the Indian government and became the only universal scheme to handle assets and funds of all subscribers. As of 2009, the NPS was also rolled out for the private sector and this has led to a steady growth in its assets value. The National Pension System Trust is the only universal inclusive pension system for all in India and is governed by the Pension Fund Regulatory and Development Authority.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 45.71 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

India's construction industry was valued at over *** trillion Indian rupees in the first quarter of 2025. This was a significant increase compared to previous years, when the value shrank due to the coronavirus (COVID-19) pandemic. The country’s construction and manufacturing industries were among the worst hit at the time. However, the industry seemed to recover quickly and returned to pre-crisis levels again.  Developments in other producing industries The coronavirus (COVID-19) pandemic and the national lockdown from March to May 2020 had a differing impact on the producing sectors of the Indian economy. Similar to the construction industry, manufacturing reportedly shrunk in the second quarter of 2020. The agriculture sector did not witness a significant change, even showing higher employment numbers as a result of migrant workers returning to their homes. The utilities industry showed fluctuating values, with a peak in the fourth quarter of 2021. Impact of the construction industry Infrastructure construction had been at the core of economic development in India in recent years. Between the financial years 2016 and 2020, the manufacturing industry attracted the highest value of investments. The inflow of foreign direct investments into the infrastructure industries fluctuated over the last five years and amounted to around *** billion U.S. dollars in financial year 2024.  

Consumer spending across India amounted to 27.2 trillion rupees by the end of the first quarter of 2025. It reached an all-time high during the fourth quarter of 2024, with a value of 28.4 trillion rupees. What is consumer spending? Consumer spending refers to the total money spent on final goods and services by individuals and households in an economy. It is an important metric that directly impacts the GDP of a country. Items that qualify as consumer spending include durable and nondurable goods and services. Various factors such as debt held by consumers, wages, supply and demand, taxes, and government-based economic stimulus can impact consumer spending in a country. Positive consumer outlook in India India’s consumer spending reflects a positive outlook with renewed consumer confidence post-COVID. Its consumer market is set to become one of the largest in the world as the number of middle- to high-income households rises with increasing amounts of disposable incomes. The country’s young demographic is also considered a driving force for increased consumer spending.

The gross domestic product of the United Kingdom in 2024 was around 2.78 trillion British pounds, an increase when compared to the previous year, when UK GDP amounted to about 2.75 trillion pounds. The significant drop in GDP visible in 2020 was due to the COVID-19 pandemic, with the smaller declines in 2008 and 2009 because of the global financial crisis of the late 2000s. Low growth problem in the UK Despite growing by 0.9 percent in 2024, and 0.4 percent in 2023 the UK economy is not that much larger than it was before the COVID-19 pandemic. Since recovering from a huge fall in GDP in the second quarter of 2020, the UK economy has alternated between periods of contraction and low growth, with the UK even in a recession at the end of 2023. While economic growth picked up somewhat in 2024, GDP per capita is lower than it was in 2022, following two years of negative growth. UK's global share of GDP falling As of 2024, the UK had the sixth-largest economy in the world, behind the United States, China, Japan, Germany, and India. Among European nations, this meant that the UK currently has the second-largest economy in Europe, although the economy of France, Europe's third-largest economy, is of a similar size. The UK's global economic ranking will likely fall in the coming years, however, with the UK's share of global GDP expected to fall from 2.16 percent in 2025 to 2.02 percent by 2029.