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 IN:(GDP) Gross Domestic ProductDeflator data was reported at 139.040 2010=100 in Mar 2017. This records a decrease from the previous number of 139.395 2010=100 for Dec 2016. India IN:(GDP) Gross Domestic ProductDeflator data is updated quarterly, averaging 106.565 2010=100 from Mar 2005 (Median) to Mar 2017, with 49 observations. The data reached an all-time high of 139.395 2010=100 in Dec 2016 and a record low of 66.779 2010=100 in Mar 2005. India IN:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

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.

Graph and download economic data for General government gross debt for India (GGGDTAINA188N) from 1991 to 2023 about India, debt, gross, and government.

India IN: GDP: Volume: Specified Year Prices data was reported at 130,108,426.450 INR mn in 2017. This records an increase from the previous number of 121,898,500.000 INR mn for 2016. India IN: GDP: Volume: Specified Year Prices data is updated yearly, averaging 26,619,669.860 INR mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 130,108,426.450 INR mn in 2017 and a record low of 9,934,578.655 INR mn in 1970. India IN: GDP: Volume: Specified Year Prices data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

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.

View yearly updates and historical trends for India GDP Based on PPP Outlook. Source: International Monetary Fund. Track economic data with YCharts analyt…

The Gross Domestic Product (GDP) in India expanded 8.20 percent in the third 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.

View yearly updates and historical trends for India GDP Per Capita Outlook. Source: International Monetary Fund. Track economic data with YCharts analytic…

India IN:(GDP) Gross Domestic ProductDeflator data was reported at 135.680 2010=100 in 2017. This records an increase from the previous number of 131.095 2010=100 for 2016. India IN:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 15.847 2010=100 from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 135.680 2010=100 in 2017 and a record low of 1.976 2010=100 in 1955. India IN:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Annual.

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.

Graph and download economic data for Balance of Payments: Total Net Current Account for India (INDBCAGDPBP6PT) from 1990 to 2029 about current account, India, BOP, and Net.

India IN: GDP: Statistical Discrepancy data was reported at 927,700.000 INR mn in Mar 2018. This records a decrease from the previous number of 1,463,106.188 INR mn for Dec 2017. India IN: GDP: Statistical Discrepancy data is updated quarterly, averaging 535,042.228 INR mn from Sep 2014 (Median) to Mar 2018, with 15 observations. The data reached an all-time high of 1,661,673.617 INR mn in Dec 2016 and a record low of -199,058.587 INR mn in Sep 2015. India IN: GDP: Statistical Discrepancy data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

India IN: GDP: Linked Series data was reported at 295,356,668.443 INR mn in 2024. This records an increase from the previous number of 269,496,458.603 INR mn for 2023. India IN: GDP: Linked Series data is updated yearly, averaging 45,766,455.214 INR mn from Mar 1991 (Median) to 2024, with 34 observations. The data reached an all-time high of 295,356,668.443 INR mn in 2024 and a record low of 5,761,092.056 INR mn in 1991. India IN: GDP: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Nominal. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

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.

India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 154.581 2010=100 in Dec 2019. This records an increase from the previous number of 152.648 2010=100 for Sep 2019. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 83.535 2010=100 from Jun 1996 (Median) to Dec 2019, with 95 observations. The data reached an all-time high of 154.581 2010=100 in Dec 2019 and a record low of 46.504 2010=100 in Jun 1996. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

India IN:(GDP) Gross Domestic ProductVolume Index data was reported at 145.773 2010=100 in Mar 2017. This records a decrease from the previous number of 151.317 2010=100 for Dec 2016. India IN:(GDP) Gross Domestic ProductVolume Index data is updated quarterly, averaging 103.295 2010=100 from Mar 2005 (Median) to Mar 2017, with 49 observations. The data reached an all-time high of 151.317 2010=100 in Dec 2016 and a record low of 62.378 2010=100 in Jun 2005. India IN:(GDP) Gross Domestic ProductVolume Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

View yearly updates and historical trends for India GDP Outlook. Source: International Monetary Fund. Track economic data with YCharts analytics.

Key information about India Private Debt: % of Nominal GDP

• India Private Debt accounted for 51.51 % of its Nominal GDP in Mar 2022, compared with a ratio of 51.82 % in the previous quarter
• India Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1997 to Mar 2022, with an average share of 50.36 %
• The data reached an all-time high of 56.38 % in Mar 2021 and a record low of 24.04 % in Sep 1997

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. The International Monetary Fund provides Private Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008 at 2011-12 prices. Private Debt as % of Nominal GDP prior to Q1 2012 is calculated from Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q1 2005 is based on SNA 1993, at 1999-2000 prices. Private Debt includes Financial Sector.

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.