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.

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.

The gross domestic product was valued at over *** trillion Indian rupees in financial year 2020 in India. This was estimated to dip down to *** 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 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.

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.

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.

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.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

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.

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 the scenario, that India follows its current national goals, its gross domestic product (GDP) is estimated to decline by over ***** percent by 2030 and over **** 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 cash logistics expected to reach USD 1.05 Billion by 2030, driven by high cash-to-GDP ratio and vast informal economy.

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

Inflation Rate in India decreased to 0.25 percent in October from 1.44 percent in September of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in India stood at -7.9 percent. Between 1988 and 2024, the figure dropped by 0.89 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by 1.27 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.

According to Cognitive Market Research, the global Potassium hexafluorophosphate CAS 17084 13 8 market size was 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 hexafluorophosp...

In 2021, the BRICS countries with the highest estimated GDP per capita were Russia and China, with between 12,000 and 13,000 U.S. dollars per person. Brazil and South Africa's GDP per capita are thought to be closer to the 7,000 mark, while India's GDP per capita is just over 2,000 U.S. dollars. This a significant contrast to figures for overall GDP, where China has the largest economy by a significant margin, while India's is the second largest. The reason for this disparity is due to population size. For example, both China's population and overall GDP are roughly 10 times larger than those of Russia, which results in them having a comparable GDP per capita. Additionally, India's population is 23 times larger than South Africa's, but it's GDP is just seven times larger; this results in South Africa having a higher GDP per capita than India, despite it being the smallest of the BRICS economies.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

The global autoclaved aerated concrete (AAC) market will expand significantly by XX% CAGR between 2024 and 2031.

The demand for block types is rising in the global autoclaved aerated concrete (AAC) market. 


Demand for commercial applications is rising in the global autoclaved aerated concrete (AAC) market. 


The demand for residential use by end users is rising in the global autoclaved aerated concrete (AAC) market. 


APAC region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current Scenario of Autoclaved Aerated Concrete Market.

KEY DRIVERS OF AAC MARKET

Increasing construction projects is leading to market growth in the AAC market.

The market is anticipated to be driven by the growing need for affordable buildings and the rapid urbanization of the world. By 2025, it's anticipated that India's building sector will generate $1.4 trillion, and cities will produce 70% of India's GDP by 2030. The need for quicker construction is growing as a result of the boom in building activities in developing nations. According to the Global Powers of Construction (GPoC), revenue increased 6.3% to US$ 1,940 trillion in 2022. Construction sales surged despite obstacles like rising commodity prices, supply chain disruptions, and inflation brought on by a European war. But 2023 is predicted to witness slow growth because of the poor state of the economy, rising prices for building supplies, and labor scarcity. India, the second largest block manufacturer globally, is experiencing significant growth in its autoclaved aerated concrete (AAC) block market. The industry is unorganized and dominated by small players, with around 150-180 plants for AAC Block. The Indian AAC blocks market is expected to make up 14.3% during 2020-27, reaching Rs. 11,000 crores. Increased awareness among builders and architects about AAC blocks' benefits over red clay and fly ash bricks, shortage of urban labor, and high-interest costs are driving growth. Key factors driving AAC market growth include pent-up demand, the Indian government's 'Housing for All by 2024' initiative, and the construction of 60 million new homes. Much faster building is possible when autoclaved aerated concrete blocks are used. Compared to non-autoclaved aerated concrete blocks, the blocks are larger and have fewer joints, which facilitates handling and speeds up finishing times. In addition to being easier to handle than other types of blocks, aerated concrete blocks may be easily shaped and sized to fit a specific place with the help of drills and saws.For instance, in 2021, Xella International GmbH expanded the production of Ytong jumbo blocks with the introduction of robot-based machinery and an energy information system to monitor energy consumption and production process.

Source (https://news.xella.com/company/producing-large-size-aac-panels-in-our-ostroaaka-plant-in-poland)

AAC blocks are a more cost-effective, quicker, and higher-quality building material for homes than clay bricks. They are currently more affordable than clay bricks and make use of cutting-edge construction technologies. Fly ash, a byproduct of thermal power plants, is a crucial raw material used in AAC blocks, offering the brick sector a green alternative. In India, brick costs exceed Rs. 5500 per cbm, whereas AAC block prices are approximately Rs. 4000 per cbm.

Growing preferences for low-cost houses leading to AAC market growth

Growing interest in eco-friendly and soundproof structures, low-cost housing preferences, and the expansion of the infrastructure sector are the main drivers of the AAC market. AAC blocks are becoming a popular option because of its energy-efficient, lightweight, sustainable, earthquake, termite, fire, and pest-resistant. Red clay bricks have been utilized historically; however, their large manufacture takes away from forested regions. AAC is a natural, non-toxic building material that offers eco-friendly solutions and energy savings. Its ability to insulate heat lowers energy usage and contributes to the fight against global warming. The only business in this sector producing carbon credits is BigBloc Construction Ltd., which aims to assist the infrastructure and construction sectors in creating sustainable and environmentally friendly environments. They introduced NXTBLOC,...

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.