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.

Full Year GDP Growth in India decreased to 6.50 percent in 2025 from 9.20 percent in 2024. This dataset includes a chart with historical data for India Full Year GDP Growth.

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 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.

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.

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.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 120.9 % in the previous year
• India Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1993 to Dec 2024
• The data reached an all-time high of 146.4 % in Dec 2007 and a record low of 23.0 % in Dec 2001

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. BSE Limited provides Market Capitalization in local currency. The Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency. Nominal GDP is reported in annual frequency, ending in March of each year.


Further information about India Market Capitalization: % of GDP

• In the latest reports, SENSEX recorded a daily P/E ratio of 20.6 in Mar 2025
• Sensitive 30 (Sensex) closed at 73,198.1 points in Feb 2025

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 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.

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 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.

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.

India GNP for 2023 was 3.649 trillion US dollars, a 7.5% increase from 2022.

<ul style='margin-top:20px;'>

<li>India GNP for 2022 was <strong>3.395 trillion US dollars</strong>, a <strong>10.77% increase</strong> from 2021.</li>
<li>India GNP for 2021 was <strong>3.064 trillion US dollars</strong>, a <strong>15.13% increase</strong> from 2020.</li>
<li>India GNP for 2020 was <strong>2.662 trillion US dollars</strong>, a <strong>7.53% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

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.

Key information about India Labour Productivity Growth

• India Labour Productivity dropped by 2.80 % YoY in Dec 2022, compared with a growth of 3.99 % in the previous year
• India Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 4.31 %
• The data reached an all-time high of 9.15 % in Dec 2016 and a record low of 0.74 % in Dec 2000

CEIC shifts year-end for annual Labour Force Participation Rate. CEIC calculates annual Labour Productivity Growth from annual Real GDP and annual Employment. The Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on NAS 2011-12, at 2011-12 prices. Organisation for Economic Co-operation and Development provides Employment data. Labour Productivity Growth prior to 2013 is based on World Bank's GDP per person employed, 2021 PPP

Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

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 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...

The India Hospitality Industry market report segments the industry into By Type (Chain Hotels, Independent Hotels), By Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, Luxury Hotels). Includes historical insights and five-year forecasts.