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 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.

CONTEXT :

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Determining gross domestic product (GDP)

GDP can be determined in three ways, all of which should, theoretically, give the same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy.

CONTENT - YEAR - GDP - Per Capita Income - Growth Rate

Acknowledgements

The Method for collecting the Data is Web Scraping

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.

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.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India (NAEXKP06INA652S) from 1997 to 2022 about India, exports, goods, services, real, and GDP.

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.

In 2023, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software. The IT factorThe IT industry is a vital part of India’s economy, and in the fiscal year of 2016/2017, it generated about 8 percent of India’s GDP alone – a slight decrease from previous years, when it made up about 10 percent of the country’s economy. Nevertheless, the IT industry is growing, as is evident by its quickly increasing revenue and employment figures. IT includes software development, consulting, software management, and online services, and business process management (BPM). Employee migrationAlthough employment figures in IT, and thus in the services sector, are on the rise, most of the Indian workforce is still employed in agriculture, however, the figures show a trend pointing towards a reversal of this distribution. For now, the majority of Indians still do not live in cities – where IT jobs are generated – but urbanization is on the rise as well.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data was reported at 2.867 % in 2025. This records an increase from the previous number of 2.864 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data is updated yearly, averaging 2.638 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 2.947 % in 2022 and a record low of 2.386 % in 2016. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha 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

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.

• 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.

India: Tax revenue, percent of GDP: The latest value from 2022 is 6.73 percent, a decline from 12.02 percent in 2018. In comparison, the world average is 17.45 percent, based on data from 110 countries. Historically, the average for India from 1974 to 2022 is 9.7 percent. The minimum value, 6.73 percent, was reached in 2022 while the maximum of 12.11 percent was recorded in 2007.

The Gross Domestic Product per capita in India was last recorded at 9817.07 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in India, when adjusted by Purchasing Power Parity is equivalent to 55 percent of the world's average. This dataset provides - India GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the systemic risk (SRS) survey conducted by the Reserve Bank of India in May 2022, around ** percent of expert respondents expected the instability in the global financial system to impact the Indian economy. Reserve Bank’s systemic risk survey presents perceptions of experts including market participants, related to major risks faced by the Indian financial system.

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.

Monthly and long-term India economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

India: Financial openness index: The latest value from 2022 is -1.248 index points, unchanged from -1.248 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for India from 1970 to 2022 is -1.248 index points. The minimum value, -1.248 index points, was reached in 1970 while the maximum of -1.248 index points was recorded in 1970.

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.

Graph and download economic data for OECD based Recession Indicators for India from the Period following the Peak through the Trough (DISCONTINUED) (INDREC) from May 1996 to Sep 2022 about peak, trough, recession indicators, and India.

The dataset contains All India Yearly Central and State Governments Development and Non-Development Expenditure from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2022-23 are Revised Estimates and data for 2023-24 are Budget Estimates. 2. Centre Developmental, Non-Development and Total Expenditure include gross expenditure of commercial departments and postal in respect of Central Government’s Revenue Account. 3. States- Other Expenditure comprise discharge of internal debt, repayment of loans to the Centre and compensation and assignments to local bodies and Panchayati Raj institutions. 4. Central & State Combined - Other Expenditure adjusted for repayment of loans by the State Governments to the Centre as given in Central Government Budget documents includes repayments to National Small Saving Fund (NSSF) by the Centre for the years 2002-03 to 2004-05. 5. Central Developmental, Non-developmental and Total Expenditure of 2007-08 include an amount of Rupees 35531 crore on account of transaction relating to transfer of the Reserve Bank’s stake in SBI to the Government. 6. Data in respect of combined finances are exclusive of NCT Delhi from 2005-06 onwards. 7. For the period 1993-94 to 2004-05 NCT Delhi was included in the expenditure of the States. 8. Data from 2017-18 onwards pertains to all states and UTs with legislatures.