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.

In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

Key information about India Nominal GDP

• India Nominal GDP reached 873.7 USD bn in Mar 2023, compared with 846.0 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Mar 2023, with an average number of 357.4 USD bn.
• The data reached an all-time high of 873.7 USD bn in Mar 2023 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Mar 2023.
• Public Consumption accounted for 12.1 % in Mar 2023.
• Private Consumption accounted for 58.4 % in Mar 2023.

Graph and download economic data for Share of Labour Compensation in GDP at Current National Prices for India (LABSHPINA156NRUG) from 1950 to 2019 about India, compensation, labor, and GDP.

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

Graph and download economic data for Economic Policy Uncertainty Index for India (INDEPUINDXM) from Jan 2003 to Jun 2025 about uncertainty, academic data, India, and indexes.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data was reported at 2.445 % in 2025. This records a decrease from the previous number of 2.476 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data is updated yearly, averaging 2.848 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 3.259 % in 2005 and a record low of 2.445 % in 2025. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab 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

India IN: Purchasing Power Parity data was reported at 23.140 USD in 2021. This records an increase from the previous number of 21.990 USD for 2020. India IN: Purchasing Power Parity data is updated yearly, averaging 10.985 USD from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 23.140 USD in 2021 and a record low of 5.500 USD in 1990. India IN: Purchasing Power Parity 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.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

This statistic shows the value of exported commodities from India in 2023. In 2023, agricultural products worth 51.06 billion U.S. dollars were exported from India.

GDP Deflator in India increased to 172.60 points in 2024 from 170.20 points in 2023. This dataset provides - India GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households Debt in India increased to 41.90 percent of GDP in the fourth quarter of 2024 from 41.30 percent of GDP in the third quarter of 2024. This dataset provides - India Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The gross value added from meat products within the livestock sector across India amounted to over two trillion Indian rupees in fiscal year 2023. This group of products made up about 23.6 percent of the economic value in this sector. Livestock products contributed over eight trillion rupees that year to the country's economy.

Petroleum products were the most affected commodities in terms of exports from India, with a decline of about 32 percent in January 2021, compared to the same month in the previous year. Other cereals and oil meals witnessed a highly positive change rate.

Global economic impact The outbreak of COVID-19 caused a massive economic recession, with six out of the seven largest economies showing a massive GDP loss in the third quarter of 2020. A slump in demand and changing consumption patterns shook international trade worldwide. Since March 2020, lockdowns became a global necessity, and the Indian subcontinent was no exception, announcing its first nation-wide lockdown by the end of March. Aimed at getting hold of the infectious chains, the lockdown resulted in a massive decrease in mobility, but also meant that livelihoods were disproportionately impacted. This was especially true for those with daily or hourly wages across the country.

COVID-19 impact on different sectors Reduced mobility and the unavailability of resources, due to restricted borders caused significant challenges to traditional retailers. The automotive industry, in particular, emerged as one of the worst impacted industries. Simultaneously, petroleum consumption decreased. Other industries such as healthcare or fast-moving consumer goods, were less affected due to their indispensability and local shopper clientele. E-commerce experienced a long-lasting benefit from the pandemic, as most online purchasers consider e-retail as a post-pandemic option.

Key information about India Public Consumption: % of GDP

• India Public Consumption accounted for 8.7 % of its Nominal GDP in Dec 2024, compared with a share of 10.0 % in the previous quarter.
• India Public Consumption share of Nominal GDP ratio is updated quarterly, available from Jun 1996 to Dec 2024, with an average number of 10.8 %.
• The data reached an all-time high of 17.7 % in Mar 1998 and a record low of 8.0 % in Mar 2016.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Government Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Government Consumption as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1990-2000 prices.


Related information about India Public Consumption: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Dec 2024.
• Private Consumption accounted for 64.8 % in Dec 2024.

Money Supply M3 in India increased to 279345.46 INR Billion in the week ending May 30 from 276509.09 INR Billion two weeks before. This dataset provides - India Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttarakhand data was reported at 1.143 % in 2025. This records an increase from the previous number of 1.105 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttarakhand data is updated yearly, averaging 1.136 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 1.327 % in 2014 and a record low of 0.834 % in 2005. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttarakhand 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

India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 892.981 USD bn in 2024. This records an increase from the previous number of 847.894 USD bn for 2023. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 80.393 USD bn from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 892.981 USD bn in 2024 and a record low of 7.715 USD bn in 1961. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 154.581 2010=100 in Dec 2019. This records an increase from the previous number of 152.648 2010=100 for Sep 2019. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 83.535 2010=100 from Jun 1996 (Median) to Dec 2019, with 95 observations. The data reached an all-time high of 154.581 2010=100 in Dec 2019 and a record low of 46.504 2010=100 in Jun 1996. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted 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: Quarterly.

Pertumbuhan PDB Riil India dilaporkan sebesar 4.4 % pada 2022-12. Rekor ini turun dibanding sebelumnya yaitu 6.3 % untuk 2022-09. Data Pertumbuhan PDB Riil India diperbarui triwulanan, dengan rata-rata 7.2 % dari 2005-06 sampai 2022-12, dengan 71 observasi. Data ini mencapai angka tertinggi sebesar 21.6 % pada 2021-06 dan rekor terendah sebesar -23.4 % pada 2020-06. Data Pertumbuhan PDB Riil India tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Real GDP: Y-o-Y Growth: Quarterly: Asia.