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.

India’s share of global gross domestic product (GDP) rose to 8.25 percent in 2024 when adjusted for purchasing power parity (PPP) and was projected to increase to 10 percent by 2030. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing power of the rupee. The Indian economy A significant portion of India’s economic growth comes from a shift in the workforce from the agricultural sector to the more-productive service sector. This labor force shift is particularly significant in India because of the country’s staggering population figures. As such, changes in the Indian economy have an impact on a significant portion of the world population. What does PPP mean? The Economist magazine uses the Big Mac Index to illustrate purchasing power. Since the product should be the same in every country that has a McDonalds, the Big Mac’s price should reflect the purchasing power of each local currency. For the calculation in this statistic, economists took the prices of several standard goods (though not the Big Mac) and put them at the same level based on their prices in the local currency. Thus, the power of these currencies to purchase was put on par across countries, giving purchasing power parity. As such, this statistic can be interpreted as the relative size of the Indian economy if the whole world used the Indian rupee price levels.

The gross domestic product was valued at over 145 trillion Indian rupees in financial year 2020 in India. This was estimated to dip down to 143 trillion Indian rupees in financial year 2022. The decrease in the value of GDP in the financial years 2020 and 2021 seemed to be due to the coronavirus pandemic.

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.

India: Economic growth forecast: The latest value from 2030 is 6.5 percent, an increase from 6.49 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for India from 1980 to 2030 is 6.07 percent. The minimum value, -5.78 percent, was reached in 2020 while the maximum of 9.69 percent was recorded in 2021.

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.

GDP (Current Prices) measures the total market worth of all finished products and services produced in a nation during a given time period, usually a year. This metric does not adjust for inflation, meaning it reflects the value of goods and services at the prices that prevail during the time of measurement. GDP (Current Prices – Purchasing Power Parity) adjusts the GDP figures for differences in price levels between countries, converting them into a common currency (international dollars). It allows for a more accurate comparison of economic productivity and living standards between countries. GDP (Current Prices) is often used to compare the economic performance of countries in nominal terms, providing a snapshot of economic size and wealth at the current exchange rate. GDP (Current Prices – Purchasing Power Parity) is used for comparing economic productivity and living standards between countries by eliminating the distortions caused by exchange rate fluctuations.

This is the dataset of Historical GDP growth data of India from 1961 to 2021. Use this dataset to do Data Visualisation and Data Analytics.

Task : Predict year 2030 and 2050 GDP and Per Capita of India, and comment your results on Discussion page.

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 the scenario, that India follows its current national goals, its gross domestic product (GDP) is estimated to decline by over three percent by 2030 and over nine percent by 2050. India is especially vulnerable to the impacts of climate change and the effect on GDP is estimated to be worse than the global average.

India: Current account balance forecast, percent of GDP: The latest value from 2030 is -2.25 percent, a decline from -2.07 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for India from 1980 to 2030 is -1.39 percent. The minimum value, -4.81 percent, was reached in 2012 while the maximum of 2.32 percent was recorded in 2003.

In India Sharing Economy Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

In 2024, the budget balance in relation to the gross domestic product (GDP) in India was estimated at about -7.38 percent. Between 1988 and 2024, the figure dropped by approximately 0.37 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 0.73 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

In the financial year 2022, the contribution of the construction sector to the total economic output was 10.5 percent. According to the forecast, the contribution was likely to gradually reduce to 9.4 percent by 2030.

Inflation Rate in India decreased to 2.82 percent in May from 3.16 percent in April of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the national debt in India from 2020 to 2023 in relation to gross domestic product (GDP), with projections up until 2030. In 2023, the national debt of India amounted to about 81.23 percent of the gross domestic product. India’s economy on the rise India is one of the most populous countries in the world, and although a large share of inhabitants are living below the poverty line – or probably due to this fact –, the country’s economy is growing steadily. India’s GDP growth is expected to remain steady at more than 7 percent for the next few years, which is almost double that of the global GDP, and both GDP and GDP per capita are expected to increase significantly. Almost half of India’s workforce is employed in the agricultural sector, but services and industry share the other half quite equally. India’s GDP is mostly generated by the services sector, which includes transport, retailing, and offering services in the hospitality and tourism industry. India’s trade balance has been in the red for a decade now, but seems to recover slowly. A trade deficit usually means that a country’s import costs are higher than the amount of money generated with exporting goods. India’s imports could not be compensated for by the country’s exports, as imports have been consistently, even if only slightly, higher over the years both in terms of volume and value. Still, all signs point to India’s economy growing and thriving, reducing India’s debt (as seen above) and unemployment rate, enabling the inhabitants to create a better life for themselves.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As per Cognitive Market Research's latest published report, the Global Plaster Mortar market size will be $10,543.97 Million by 2030. The Global Plaster Mortar Industry's Compound Annual Growth Rate will be 6.72% from 2023 to 2030.

Asia Pacific Plaster Mortar market size will be USD 3,351.93 Million in 2028.

Market Dynamics of Plaster Mortar Market

Key Drivers for Plaster Mortar Market

Booming Construction and Infrastructure Development: The rapid pace of urbanization, coupled with government investments in housing, commercial structures, and infrastructure initiatives, is fueling a robust demand for plaster mortar, which serves as a vital finishing material in both residential and industrial construction.

Preference for Ready-Mix and Pre-Mixed Mortar Solutions: There is a noticeable trend among contractors and developers towards the use of pre-mixed plaster mortar products, attributed to their reliable quality, time efficiency, and ease of application on extensive construction sites.

Rising Adoption in Green Building Practices: Eco-friendly variants of plaster mortar, characterized by low VOC emissions, superior insulation properties, and sustainable components, are becoming increasingly popular, in line with global initiatives aimed at minimizing the environmental impact of construction.

Key Restraints for Plaster Mortar Market

Price Fluctuations of Raw Materials: The prices of essential ingredients such as cement, gypsum, lime, and sand are subject to volatility and vary by region, which affects the final pricing and profitability for manufacturers and suppliers of plaster mortar.

Short Shelf Life and Storage Challenges: Numerous plaster mortars, particularly pre-mixed varieties, possess a limited shelf life and necessitate specific storage conditions to preserve their quality, leading to logistical challenges and potential wastage.

Labor Skill Gaps in Emerging Markets: The effective application of plaster mortar demands skilled craftsmanship, and in many developing nations, the lack of trained masons and plasterers can compromise finish quality and hinder the adoption of contemporary products.

Key Trends for Plaster Mortar Market

Increased Use of Lightweight and Polymer-Modified Plasters: Manufacturers are developing lightweight plaster mortar formulations that incorporate polymers or fibers, enhancing adhesion, crack resistance, and workability, particularly for high-rise and retrofit projects.

Digitization and Smart Construction Tools: The integration of plaster mortar application with advanced technologies such as spray machines, robotic tools, and Building Information Modeling (BIM) systems is improving speed, precision, and labor productivity in contemporary construction methodologies.

Expansion in the Renovation and Refurbishment Industry: The rising trend of enhancing outdated infrastructure and renovating interiors is driving the demand for both aesthetic and functional plaster mortar products that are appropriate for repairing old surfaces and providing decorative finishes. Introduction of Plaster Mortar

Mortar is a binding agent, which is made by mixing cement and fine aggregates such as sand, or sawdust with water. Mortar is used to bind different building blocks like bricks, and stones. Mortar adds a decorative pattern in the construction of buildings or other structures.

Plaster is the composition of lime, gypsum, water, and sand, which gets hardened on drying and is used for coating walls, ceilings,and partitions. Mortar is used in the construction of structures for joining stones or bricks and plaster used for applying plater on walls to make uniform and strong binding among bricks.

The differences between mortar and plaster lies in the capacity of plasters to take better finish, which depend to a very large extent on the type of sand used in the mix. For plasters we use finer sand. However, the term mortar is also used loosely to refer to both plasters and mortar. Plaster mortar offers durability, effectively binds the built structure or bricks, it offers smooth surface for painting walls in buildings.

There are several types of plaster mortar used in the construction of buildings which are modified with different components such as silicate additives, which offer resistance to fire. The manufacturer has introduced machine spray gypsum mortar with different advancements, which is us...

For most of the past two decades, China had the highest GDP growth of any of the BRICS countries, although it was overtaken by India in the mid-2010s, and India is predicted to have the highest growth in the 2020s. All five countries saw their GDP growth fall during the global financial crisis in 2008, and again during the coronavirus pandemic in 2020; China was the only economy that continued to grow during both crises, although India's economy also grew during the Great Recession. In 2014, Brazil experienced its own recession due to a combination of economic and political instability, while Russia also went into recession due to the drop in oil prices and the economic sanctions imposed following its annexation of Crimea.

According to Cognitive Market Research, the global Potassium hexafluorophosphate CAS 17084 13 8 market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Powder held the highest Potassium hexafluorophosphate CAS 17084 13 8 market revenue share in 2024. Market Dynamics of Potassium hexafluorophosphate CAS 17084 13 8 Market Key Drivers for Potassium hexafluorophosphate CAS 17084 13 8 Market Growth of Electric Vehicle to Increase the Demand Globally The increasing popularity of electric vehicles raises the need for cutting-edge battery technologies. Certain next-generation batteries include potassium hexafluorophosphate in their electrolyte compositions. For example, India is the third-largest vehicle market in the world in terms of sales, ahead of Germany and Japan, according to figures released by Invest India. There is currently a drive for manufacturers and legislators to work together to change consumer preferences in favor of greener products. With the automobile industry contributing significantly to employment and 7.1 percent of India's GDP, it is a major engine of the country's economy. According to the Economic Survey 2023, the domestic electric vehicle industry in India is expected to develop at a compound annual growth rate (CAGR) of 49% between 2022 and 2030, with 10 million units sold annually by that time. Source: https://www.investindia.gov.in/team-india-blogs/indias-ev-economy-future-automotive-transportation. Increasing Renewable Energy Sector to Propel Market Growth Advanced batteries that use potassium hexafluorophosphate are among the energy storage options that are needed to keep up with the growing amount of renewable energy sources like wind and solar power. For example, the world's ability to produce renewable energy is increasing more quickly than it has in the previous three decades, which means there is a good likelihood that the capacity will triple globally by 2030. According to Renewables 2023, the most recent edition of the IEA's annual market report on the sector, the amount of renewable energy capacity added to energy systems worldwide increased by 50% in 2023, reaching nearly 510 gigawatts (GW), with solar PV accounting for three-quarters of additions worldwide. Thus, the growing renewable energy sector drives the market growth during the projected period. Source: https://www.iea.org/news/massive-expansion-of-renewable-power-opens-door-to-achieving-global-tripling-goal-set-at-cop28. Restraint Factor for the Potassium hexafluorophosphate CAS 17084 13 8 Market High Cost and Regulatory & Safety Concerns to Limit the Sales Potassium hexafluorophosphate must be produced using certain procedures and raw ingredients, which can lead to expensive manufacturing costs. These expenses can prevent it from being adopted in some areas or applications. Furthermore, potassium hexafluorophosphate is a chemical that may be hazardous to the environment and poisonous. Its market may be impacted by legal restrictions and safety requirements, especially about handling, storing, and shipping. Impact of Covid-19 on the Potassium hexafluorophosphate CAS 17084 13 8 Market The COVID-19 pandemic has affected the potassium hexafluorophosphate (CAS 17084-13-8) market in a number of ways. The pandemic affected supply chains, demand, and general market dynamics, posing both possibilities and challenges. The pandemic seriously disrupted international supply chains, which had an impact on raw material availability and potassium hexafluorop...