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.

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

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.

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.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for India.

In 2020, India's economy was estimated to decline by ***** percent, most likely due to the impact of the COVID-19 pandemic. Following the 2020 economic downfall, the Indian economy is projected to grow by **** percent in 2021 and *** percent in 2022, the strongest recovery among selected countries.

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.

India IN: GDP: Net Exports of Goods and Services: USD data was reported at -115.309 USD bn in 2026. This records a decrease from the previous number of -91.464 USD bn for 2025. India IN: GDP: Net Exports of Goods and Services: USD data is updated yearly, averaging -56.411 USD bn from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of -4.172 USD bn in 2003 and a record low of -123.219 USD bn in 2012. India IN: GDP: Net Exports of Goods and Services: USD 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 by Expenditure: Forecast: Non OECD Member: Annual. FBGSD - Net exports of goods and services, nominal value (national accounts basis) Expressed in USD OECD calculation, see OECD Economic Outlook database documentation

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.

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

India IN: GDP: Growth: Volume: Single Hit Scenario data was reported at 7.936 % in 2021. This records an increase from the previous number of -3.720 % for 2020. India IN: GDP: Growth: Volume: Single Hit Scenario data is updated yearly, averaging 7.227 % from Dec 1996 (Median) to 2021, with 26 observations. The data reached an all-time high of 8.498 % in 2010 and a record low of -3.720 % in 2020. India IN: GDP: Growth: Volume: Single Hit Scenario 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. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

India IN: GDP: Deflator: Imports of Goods and Services: USD data was reported at 1.175 Index, 2011-12 in 2025. This records an increase from the previous number of 1.142 Index, 2011-12 for 2024. India IN: GDP: Deflator: Imports of Goods and Services: USD data is updated yearly, averaging 0.969 Index, 2011-12 from Dec 1996 (Median) to 2025, with 30 observations. The data reached an all-time high of 1.226 Index, 2011-12 in 2022 and a record low of 0.536 Index, 2011-12 in 1998. India IN: GDP: Deflator: Imports of Goods and Services: USD 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: Deflator: Forecast: Non OECD Member: Annual. PMGSD - Imports of goods and services in USD, deflator (national accounts basis)Index, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

The graph shows the trend in population growth and growth of gross domestic product in India until 2009, as well as a forecast until 2015. See annual figures on India's economic growth here.

View yearly updates and historical trends for India GDP Outlook. Source: International Monetary Fund. Track economic data with YCharts analytics.

View yearly updates and historical trends for India GDP Based on PPP Outlook. Source: International Monetary Fund. Track economic data with YCharts analyt…

The Gross Domestic Product (GDP) in India expanded 1.70 percent in the second quarter of 2025 over the previous quarter. This dataset provides - India GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

View yearly updates and historical trends for India GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data with YCharts analytic…

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.

Graph and download economic data for Projection of General government gross debt for India (GGGDTPINA188N) from 2024 to 2030 about projection, India, debt, gross, and government.