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.

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.

Data and expert analysis on India’s GDP and GSDP including per capita values, sector and industry contribution, GVA, and comparison with global peers.

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 (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.

In 2023, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software. The IT factorThe IT industry is a vital part of India’s economy, and in the fiscal year of 2016/2017, it generated about 8 percent of India’s GDP alone – a slight decrease from previous years, when it made up about 10 percent of the country’s economy. Nevertheless, the IT industry is growing, as is evident by its quickly increasing revenue and employment figures. IT includes software development, consulting, software management, and online services, and business process management (BPM). Employee migrationAlthough employment figures in IT, and thus in the services sector, are on the rise, most of the Indian workforce is still employed in agriculture, however, the figures show a trend pointing towards a reversal of this distribution. For now, the majority of Indians still do not live in cities – where IT jobs are generated – but urbanization is on the rise as well.

The Gross Domestic Product per capita in India was last recorded at 2396.71 US dollars in 2024. The GDP per Capita in India is equivalent to 19 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India recorded a Government Debt to GDP of 81.59 percent of the country's Gross Domestic Product in 2023. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, India's manufacturing sector's GDP share was around ** percent. The share remained the same as compared to the last year and declined from ** percent in 2010. Value added is the net output of the manufacturing sector after adding all outputs and subtracting intermediate inputs. The manufacturing sector employs over ** million workers. Boosting manufacturing As global economies aim to reduce reliance on China or adopt a China-plus strategy, India has emerged as a potent alternative manufacturing hub. The Make in India initiative was launched to foster and strengthen India’s global manufacturing status by enhancing foreign direct investments, skill development, and updating manufacturing infrastructure. Under the Production Linked Incentive (PLI) Scheme, companies are incentivized to promote domestic production and enhance manufacturing competitiveness. Despite efforts, experts expressed doubts about the government’s ambition to raise the share of manufacturing to GDP to ** percent by 2025.
Hurdles for manufacturing As per the World Bank, India’s share in global trade has not kept pace with its rapidly growing economy. It is losing ground to countries like Bangladesh and Vietnam in key low-cost and low-skill manufacturing export sectors. Manufacturing productivity in India has remained low. and the availability of capital also remains an obstacle for the manufacturing sector. Inadequate investments in technology, infrastructure, and research and development (R&D) can also impact productivity growth. Other factors include regulatory compliance burdens, complex labor laws, red tape, and inefficient supply chains.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tripura data was reported at 0.167 % in 2014. This records a decrease from the previous number of 0.172 % for 2013. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tripura data is updated yearly, averaging 0.288 % from Mar 2005 (Median) to 2014, with 10 observations. The data reached an all-time high of 0.300 % in 2005 and a record low of 0.167 % in 2014. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tripura data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Sikkim data was reported at 0.055 % in 2014. This records a decrease from the previous number of 0.057 % for 2013. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Sikkim data is updated yearly, averaging 0.059 % from Mar 2005 (Median) to 2014, with 10 observations. The data reached an all-time high of 0.097 % in 2010 and a record low of 0.055 % in 2014. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Sikkim data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product.

India GDP: Services: Trade, Hotels and Restaurant data was reported at 17,288,358.093 INR mn in 2014. This records an increase from the previous number of 16,158,650.000 INR mn for 2013. India GDP: Services: Trade, Hotels and Restaurant data is updated yearly, averaging 205,484.971 INR mn from Mar 1951 (Median) to 2014, with 64 observations. The data reached an all-time high of 17,288,358.093 INR mn in 2014 and a record low of 6,357.233 INR mn in 1951. India GDP: Services: Trade, Hotels and Restaurant data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.AA006: NAS 2004-2005: Gross Domestic Product: by Industry: Current Price.

Being one of the largest offshoring destinations for different IT companies across the world, the business process management market in India is of considerable importance. The information technology/business process management (IT-BPM) sector had contributed a share of seven percent to the GDP of the country in fiscal year 2024. And it was estimated by 2025, the share would increase to 10 percent. BPM is more like a discipline than a process that incorporates methods to improve, analyze, automate and improve business processes. Domestic and internationalIn the financial year 2023, the IT sector had an export value of more than 193 billion U.S. dollars. The IT software and services, the leading segment in the export. The sector has been generating big figures domestically as well. The employment generated from the IT-BPM industry in the country exceeded five million in financial year 2023. What does the future hold?With a mixture of BPM and robotic process automation (RPA) in the picture, enhanced partnerships with the rapidly growing IT and BPM industry in India are quite likely to happen. The industry has been generating increased revenue over the years, and presumably with the fast-growing pace of the sector, the revenue generation will also be on the rise.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

Abstract

ABSTRACT OF ECONOMIC CENSUS IN INDIA

1. GENESIS

A reliable and robust database is the foundation of organized and proper planning. TheCentral Statistics Office (CSO), since its inception, has been instrumental in creation of database forvarious sectors of the economy and its periodic updation so as to meet the requirements of the plannersfor sound and systematic planning both at the macro as well as micro levels. While data requirementsmay be enormous in various sectors, the judicious collection and maintenance of data for varioussectors within the available resource is a challenge. Our economy can broadly be classified into twosectors, namely, Agricultural and Non-Agricultural sectors. Fairly reasonable database exists forAgricultural Sector whereas such data base for Non-Agricultural sector is much desired. Keeping inview the importance of the non-agricultural sector in the economy and non-availability of basic framefor adoption in various sampling techniques for collection of data and estimation of various parameters,conducting Economic Census was felt necessary. With this background, the CSO started EconomicCensus for preparing frame of establishments, particularly the ‘area frame’ which could be used forvarious surveys for collection of detailed data, mainly on non-agricultural sector of the economy.

1. EARLIER ATTEMPTS

Broadly the entire planning period may be divided into two: prior to conduct of the FirstEconomic Census i.e. prior to 1977 and thereafter i.e. after the economic census was carried outperiodically. Efforts to fill up the data gaps for the non-agricultural sector were made right from thebeginning of the First Five Year Plan. The first National Sample Survey (NSS) round (1950-51)covered non-agricultural household establishments as one of its subject themes. Such establishmentswere covered regularly up to the tenth NSS round (1955-56). Subsequently, selected activities weretaken up for survey intermittently in different rounds (14th, 23 rd & 29th rounds). Establishmentschedules were canvassed in 1971 population census. The census of unorganized industrial units wascarried out during 1971 -73. Census of the units falling within the purview of Development Commissioner, Small Scale Industries, was carried out during 1973-74 and a survey on distributivetrade was conducted by some of the States during the Fourth Five-Year Plan period (1969-74). Allsuch efforts made prior to 1977 to collect data on non-agricultural establishments have been partial andsporadic. Area sampling with probability proportional to population were mostly used even to captureestablishments. For a survey of establishments such sample design is not only inefficient but alsoresults in under coverage of desired number of establishments and low reliability of the estimatesderived. The prolonged efforts of statisticians and planners in finding a way out for collection ofinformation on amorphous areas of activity resulted in a decisive breakthrough with the advent ofconduct of Economic Census.

1. ECONOMIC CENSUSES CONDUCTED IN THE PAST

The Economic Enquiry Committee set up in 1925 under the Chairmanship of Dr.Visweswarayya and more importantly the Bowley-Robertson Committee set up later in 1934, were mainly responsible for the government’s decision to set up an Inter-Departmental Committee with theEconomic Adviser to the Government of India as the chairman. The Inter-Departmental Committeerecommended the formation of a Central Statistical Office for coordination, institution of a statisticalcadre, establishment of State Bureaus at State Head Quarters and maintenance of important statisticsfor the entire country. Bowley and Robertson Committee also commissioned a study to explore thepossibility of conducting economic censuses in India. The first coordinated approach was made by theerstwhile Central Statistical Organisation (CSO), Government of India, by launching a plan scheme'Economic Census and Surveys' in 1976. The scheme envisaged organising countrywide census of alleconomic activities (excluding those engaged in crop production and plantation) followed by detailedsample surveys of unorganised segments of different sectors of non-agricultural economy in a phasedmanner during the intervening period of two successive economic censuses.The basic purpose of conducting the economic census (EC) was to prepare a frame for followup surveys intended to collect more detailed sector specific information between two economiccensuses. In view of the rapid changes that occur in the unorganised sectors of non-agriculturaleconomy due to high mobility or morbidity of smaller units and also on account of births of new units,the scheme envisaged conducting the economic census periodically in order to update the frame fromtime to time.

1. First Economic Census (EC -1977) and Follow Up Surveys

The First Economic Census was conducted throughout the country, except Lakshadweep,during 1977 in collaboration with the Directorate of Economics & Statistics (DES) in the States/UnionTerritories (UT). The coverage was restricted to only non-agricultural establishments employing atleast one hired worker on a fairly regular basis. Data on items such as description of activity, number ofpersons usually working, type of ownership, etc. were collected.Reports based on the data of EC-1977 at State/UT level and at all India level were published.Tables giving the activity group-wise distribution of establishments with selected characteristics andwith rural and urban break up were generated. State-wise details for major activities and size-class ofemployment in different establishments, inter-alia, were also presented in tables.Based on the frame provided by the First Economic Census, detailed sample surveys werecarried out during 1978-79 and 1979-80 covering the establishments engaged in manufacturing, trade,hotels & restaurants, transport, storage & warehousing and services. While the smaller establishments(employing less than six workers) and own account establishments were covered by National SampleSurvey Organisation (NSSO) as a part of its 33rd and 34th rounds, the larger establishments were covered through separate surveys by the CSO. Detailed information on employment, emoluments,capital structure, quantity & value of input, output, etc. were collected and reports giving all importantcharacteristics on each of the concerned subjects were published.

1. Second Economic Census (EC-1980) and Follow Up Surveys

The Second Economic Census was conducted in 1980 along with the house-listing operations ofPopulation Census 1981. This was done with a view to economizing resources, manpower, time andmoney. The scope and coverage were enlarged. This time all establishments engaged in economicactivities - both agricultural and non-agricultural whether employing any hired worker or not werecovered, except those engaged in crop production and plantation. All States/UTs were covered withthe sole exception of Assam, where Population Census 1981 was not conducted.The information on location of establishment, description of economic activity carried out,nature of operation, type of ownership, social group of owner, use of power/fuel, total number ofworkers usually engaged with its hired component and break-up of male and female workers werecollected. The items on which information were collected in Second Economic Census were more orless the same as those collected in the First Economic Census. However, based on experience gained inthe First Economic Census certain items viz. years of operation, value of annualoutput/turnover/receipt, mixed activity or not, registered/ licensed/recognised and act or authority, ifregistered were dropped.The field work was done by the field staff consisting of enumerators and supervisors employedin the Directorate of Census Operations of each State/UT. The State Directorates of Economics &Statistics (DES) were also associated in the supervision of fieldwork. Data processing and preparationof State level reports of economic census and their publication were carried out by the DES.Based on the frame thrown up by EC-1980, three follow-up surveys were carried out, one in1983-84 on hotels & restaurants, transport, storage & warehousing and services, second in 1984-85 onunorganised manufacturing and third in 1985- 86 on wholesale and retail trade.The economic census scheduled for 1986 could not be carried out due to resource constraints.However, the EC- 1980 frame was updated during 1987-88 in 64 cities (12 cities having more than 10lakh population and 52 other class-I cities) which had problems of identification of enumerationblocks and changes due to rapid urbanization. On the basis of the updated frame, four follow-upsurveys were conducted during 1988-89, 1989-90, 1990-91 and 1991-92 covering the subjects ofhotels & restaurants and transport, unorganized manufacturing, wholesale & retail trade and medical,educational, cultural & other services respectively.

1. Third Economic Census (EC-1990) and Follow Up Surveys

The Third Economic Census was synchronized with the house listing operations of the Population Census 1991 on the same pattern as EC- 1980. The coverage was similar to that of EC-1980. All States/UTs except Jammu & Kashmir, where Population Census 1991 was not undertaken,were covered.Based on the frame thrown up by EC-1990 four follow up surveys were carried out:(i) Establishment Survey covering sectors of mining & quarrying, storage & warehousingin 1992-93;(ii) Establishment Survey covering sectors of hotels & restaurants and transport in 1993-94;(iii) NSS 51 st round covering directory, non-directory and own account establishments inunregistered manufacturing sector in 1994-95; and(iv) Directory Trade Establishments Survey in 1996-97. NSS 53 rd round covered theresidual part of the unorganised trade sector in 1997.

1. Fourth Economic Census (EC-1998) and Follow up Surveys

Key information about India Government Debt: % of GDP

• India Government debt accounted for 57.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 57.1 % in the previous quarter.
• India government debt to GDP ratio data is updated quarterly, available from Mar 2012 to Sep 2024.
• The data reached an all-time high of 58.8 % in Sep 2023 and a record low of 44.6 % in Dec 2018.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about India Government Debt: % of GDP

• In the latest reports, India National Government Debt reached 2,144.6 USD bn in Sep 2024.
• The country's Nominal GDP reached 873.7 USD bn in Mar 2023.

India GDP: 2004-05p: Imports data was reported at 4,991,539.408 INR mn in Sep 2014. This records an increase from the previous number of 4,904,352.909 INR mn for Jun 2014. India GDP: 2004-05p: Imports data is updated quarterly, averaging 3,505,897.164 INR mn from Jun 2004 (Median) to Sep 2014, with 42 observations. The data reached an all-time high of 5,097,284.861 INR mn in Mar 2013 and a record low of 1,240,816.163 INR mn in Jun 2004. India GDP: 2004-05p: Imports data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.AA009: NAS 2004-2005: Gross Domestic Product: by Expenditure and Income: Constant Price. Rebased from 2004-2005 base to 2011-2012 base. Replacement series ID: 365384477

India GDP: 2004-05p: Manufacturing: Registered data was reported at 6,073,550.191 INR mn in 2014. This records a decrease from the previous number of 6,145,690.000 INR mn for 2013. India GDP: 2004-05p: Manufacturing: Registered data is updated yearly, averaging 616,428.910 INR mn from Mar 1951 (Median) to 2014, with 64 observations. The data reached an all-time high of 6,145,690.000 INR mn in 2013 and a record low of 103,172.919 INR mn in 1951. India GDP: 2004-05p: Manufacturing: Registered data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under Global Database’s India – Table IN.AA007: NAS 2004-2005: Gross Domestic Product: by Industry: Constant Price.

Key information about India Household Debt: % of GDP

• India household debt accounted for 17.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 14.9 % in the previous year.
• India household debt to GDP ratio is updated yearly, available from Mar 1998 to Mar 2024.
• The data reached an all-time high of 17.1 % in Mar 2024 and a record low of 2.2 % in Mar 1999.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Reserve Bank of India provides Household Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about India Household Debt: % of GDP

• In the latest reports, India Household Debt reached 617.3 USD bn in Mar 2024.
• Money Supply M2 in India increased 7.9 % YoY in Nov 2024.
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.

The statistic shows the growth in real GDP in Brazil from between 2020 and 2024, with projections up until 2030. In 2024, Brazil’s real gross domestic product increased by 3.4 percent compared to the previous year.Brazilian growth and civic unrestGDP is a reliable tool used to indicate the shape of a national economy. It is one of the most well-known and well-understood measurements of the state of a country. Gross domestic product, or GDP, is the total market value of all final services and goods that have been produced in a country within a given period of time, usually a year.Brazil has undergone a huge economic transformation in the course of the last decade and is now one of the fastest growing economies on the planet. It belongs to the BRIC club of countries, an acronym that refers to the countries Brazil, Russia, India and China, a group of countries which are considered to be at a relatively similar stage of new and advancing economic development. Economic reforms in Brazil have given the country a boost on the international stage, which has helped it to gain significantly in recognition and influence around the world.The domestic product growth rate in Brazil is progressing throughout the years. After a minor blip in 2009, when a short recession saw the rate of growth moving slightly backwards, the economy has picked itself up and fought back with an increase of an impressive 7.53 percent in 2010. Despite the rapid growth and the perceived increase in Brazilian domestic prosperity, the gap between rich and poor remains distinct. The lower class manifested themselves in the numerous protests that erupted across the South American state in the summer of 2013. For days, hundreds of thousands of Brazilians took to the streets to protest the increase of public transport fares, but the demonstrations evolved into a more general protest against increasing social inequalities among the Brazilian population, despite increased prosperity.