The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first 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.

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.  

The Gross Domestic Product (GDP) in India expanded 2 percent in the first 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.

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.

Consumption as percent of GDP in India, March, 2025 The most recent value is 58.28 percent as of Q1 2025, a decline compared to the previous value of 65.09 percent. Historically, the average for India from Q2 2004 to Q1 2025 is 58.46 percent. The minimum of 51.69 percent was recorded in Q1 2011, while the maximum of 65.09 percent was reached in Q4 2024. | TheGlobalEconomy.com

Investment as percent of GDP in India, March, 2025 The most recent value is 30.96 percent as of Q1 2025, an increase compared to the previous value of 27.44 percent. Historically, the average for India from Q2 2004 to Q1 2025 is 31.51 percent. The minimum of 21.57 percent was recorded in Q2 2020, while the maximum of 38.14 percent was reached in Q3 2008. | TheGlobalEconomy.com

Graph and download economic data for Nominal Gross Domestic Product for India (NGDPNSAXDCINQ) from Q2 2004 to Q1 2025 about India and GDP.

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.

Graph and download economic data for Real Gross Domestic Product for India (NGDPRNSAXDCINQ) from Q2 2004 to Q1 2025 about India, real, and GDP.

GDP, billion currency units in India, March, 2025 The most recent value is 88175.34 billion Indian Rupee as of Q1 2025, an increase compared to the previous value of 85023.72 billion Indian Rupee. Historically, the average for India from Q2 2004 to Q1 2025 is 35329.3 billion Indian Rupee. The minimum of 7240.4 billion Indian Rupee was recorded in Q2 2004, while the maximum of 88175.34 billion Indian Rupee was reached in Q1 2025. | TheGlobalEconomy.com

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: Gross Domestic Product: Total for India (INDGDPRQPSMEI) from Q2 2012 to Q1 2025 about India, real, GDP, and rate.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for India (NAEXKP02INQ659S) from Q2 2012 to Q1 2025 about India, consumption expenditures, consumption, private, real, and GDP.

GDP, billion currency units in Inde, mars, 2025 Pour cet indicateur, Ministry of Statistics and Program Implementation of India fournit des données pour la Inde de Q2 2004 à Q1 2025. La valeur moyenne pour Inde pendant cette période était de 35329.3 billion Indian Rupee avec un minimum de 7240.4 billion Indian Rupee en Q2 2004 et un maximum de 88175.34 billion Indian Rupee en Q1 2025. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for India (NAEXKP04INQ659S) from Q2 2012 to Q1 2025 about fixed capital formation, India, fixed, capital, gross, real, and GDP.

Key information about India Tax revenue: % of GDP

• India Tax revenue: % of GDP was reported at 6.8 % in Dec 2024.
• This records a decrease from the previous number of 9.1 % for Sep 2024.
• India Tax revenue: % of GDP data is updated quarterly, averaging 7.4 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 10.8 % in Mar 2015 and a record low of 3.0 % in Jun 2003.
• India Tax revenue: % of GDP 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: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Controller General of Accounts provides Tax Revenue in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008. Tax Revenue covers Central Government only. 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.

Key information about India GDP Deflator Growth

• India GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022, compared with an increase of 10.3 % in the previous quarter.
• India GDP Deflator Growth data is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 5.7 %.
• The data reached an all-time high of 12.9 % in Jun 2022 and a record low of -0.9 % in Mar 2019.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency and Real GDP in local currency, at 2011-2012 prices. GDP Deflator Growth prior to Q2 2012 is calculated from Nominal GDP and Real GDP at 2004-2005 prices.


Related information about India GDP Deflator Growth

• In the latest reports, India GDP expanded 4.4 % YoY in Dec 2022.
• Its Nominal GDP reached 844.6 USD bn in Dec 2022.
• India GDP Per Capita reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.

Key information about India Private Consumption: % of GDP

• India Private Consumption accounted for 64.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 61.8 % in the previous quarter.
• India Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Jun 1996 to Dec 2024, with an average share of 59.7 %.
• The data reached an all-time high of 71.1 % in Sep 1996 and a record low of 52.5 % in Mar 2011.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Private 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 Private Consumption: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its Nominal GDP reached 873.7 USD bn 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.

Investment as percent of GDP in Inde, mars, 2025 Pour cet indicateur, TheGlobalEconomy.com fournit des données pour la Inde de Q2 2004 à Q1 2025. La valeur moyenne pour Inde pendant cette période était de 31.51 pour cent avec un minimum de 21.57 pour cent en Q2 2020 et un maximum de 38.14 pour cent en Q3 2008. | TheGlobalEconomy.com