Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government data was reported at 5.366 % in 2026. This records a decrease from the previous number of 5.995 % for 2025. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government data is updated yearly, averaging 5.681 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 14.190 % in 2009 and a record low of -0.770 % in 2020. India IN: GDP: Growth: Volume: Final Consumption Expenditure: Government 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. CGV_ANNPCT - Government final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.; Data before Fiscal Year 2004 are OECD estimates based on previous vintages.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by **** percent in 2025.

The impact of the coronavirus (COVID-19) lockdown in India slashed GDP growth forecasts for financial year 2021. Among the agencies that estimated growth, World Bank predicted a contraction of nearly *** percent, while the SBI (before the Maharashtra lockdown in April 2021) estimated a decline of ***** percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

India IN: GDP: Growth: Deflator data was reported at 3.244 % in 2026. This records a decrease from the previous number of 3.321 % for 2025. India IN: GDP: Growth: Deflator data is updated yearly, averaging 6.878 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 20.217 % in 1974 and a record low of 0.383 % in 1976. India IN: GDP: Growth: Deflator 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. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

India IN: Contribution to Growth in Real GDP: Net Exports data was reported at -0.007 % in 2026. This records a decrease from the previous number of -0.003 % for 2025. India IN: Contribution to Growth in Real GDP: Net Exports data is updated yearly, averaging -0.003 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 0.045 % in 2013 and a record low of -0.028 % in 2017. India IN: Contribution to Growth in Real GDP: Net Exports 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. CQ_FBGSV-Net exports, contribution to growth in real GDP

In the second quarter of 2023, the real GDP in India grew by *** percent, compared to the same quarter of the previous year.

India IN: GDP: Growth: Volume data was reported at 6.798 % in 2026. This records a decrease from the previous number of 6.923 % for 2025. India IN: GDP: Growth: Volume data is updated yearly, averaging 5.737 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 9.690 % in 2021 and a record low of -5.778 % in 2020. India IN: GDP: Growth: Volume 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.

GDP (current US$) in India was reported at 3912686168582 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India IN: Contribution to Growth in Real GDP: Change in Inventories: Double Hit Scenario data was reported at 0.000 % in 2021. This records a decrease from the previous number of 0.059 % for 2020. India IN: Contribution to Growth in Real GDP: Change in Inventories: Double Hit Scenario data is updated yearly, averaging 0.369 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 3.720 % in 1999 and a record low of -2.459 % in 2011. India IN: Contribution to Growth in Real GDP: Change in Inventories: Double 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. CQ_ISKV-Change in inventories, contributions to growth in real GDP

Coal rents (% of GDP) in India was reported at 1.2803 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Coal rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

India IN: Contribution to Growth in Real GDP: Net Exports: Single Hit Scenario data was reported at -0.371 % in 2021. This records a decrease from the previous number of 0.866 % for 2020. India IN: Contribution to Growth in Real GDP: Net Exports: Single Hit Scenario data is updated yearly, averaging -0.069 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 4.482 % in 2013 and a record low of -2.788 % in 2017. India IN: Contribution to Growth in Real GDP: Net Exports: 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. CQ_FBGSV-Net exports, contribution to growth in real GDP

GDP Constant Prices in India increased to 51351.63 INR Billion in the first quarter of 2025 from 47265.42 INR Billion in the fourth quarter of 2024. This dataset provides - India GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in India increased to 172.60 points in 2024 from 170.20 points in 2023. This dataset provides - India GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Contribution to GDP of Manufacturing in India 2024 - 2028 Discover more data with ReportLinker!

India IN: GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data was reported at 9.569 % in 2021. This records an increase from the previous number of -9.516 % for 2020. India IN: GDP: Growth: Volume: Exports of Goods and Services: Single Hit Scenario data is updated yearly, averaging 9.569 % from Dec 1997 (Median) to 2021, with 25 observations. The data reached an all-time high of 27.176 % in 2004 and a record low of -9.516 % in 2020. India IN: GDP: Growth: Volume: Exports of Goods and Services: 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. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Households Debt in India increased to 41.90 percent of GDP in the fourth quarter of 2024 from 41.30 percent of GDP in the third quarter of 2024. This dataset provides - India Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

India IN: GDP: Growth: Volume: Imports of Goods and Services data was reported at 6.717 % in 2026. This records an increase from the previous number of 5.251 % for 2025. India IN: GDP: Growth: Volume: Imports of Goods and Services data is updated yearly, averaging 9.387 % from Dec 1997 (Median) to 2026, with 30 observations. The data reached an all-time high of 32.270 % in 2005 and a record low of -12.623 % in 2020. India IN: GDP: Growth: Volume: Imports of Goods and Services 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. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.; Data before Fiscal Year 2004 are OECD estimates based on previous vintages.