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.

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.

GDP from Manufacturing in India increased to 8299.55 INR Billion in the first quarter of 2025 from 6960.49 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

As of 2024, Mumbai had a gross domestic product of *** billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around *** billion U.S. dollars. India’s megacities also boast the highest GDP among other cities in the country. What drives the GDP of India’s megacities? Mumbai is the financial capital of the country, and its GDP growth is primarily fueled by the financial services sector, port-based trade, and the Hindi film industry or Bollywood. Delhi in addition to being the political hub hosts a significant services sector. The satellite cities of Noida and Gurugram amplify the city's economic status. The southern cities of Bengaluru and Chennai have emerged as IT and manufacturing hubs respectively. Hyderabad is a significant player in the pharma and IT industries. Lastly, the western city of Ahmedabad, in addition to its strategic location and ports, is powered by the textile, chemicals, and machinery sectors. Does GDP equal to quality of life? Cities propelling economic growth and generating a major share of GDP is a global phenomenon, as in the case of Tokyo, Shanghai, New York, and others. However, the GDP, which measures the market value of all final goods and services produced in a region, does not always translate to a rise in quality of life. Five of India’s megacities featured in the Global Livability Index, with low ranks among global peers. The Index was based on indicators such as healthcare, political stability, environment and culture, infrastructure, and others.

GDP, billion currency units in India, March, 2025 The most recent value is 88175.34 billion Indian Rupee as of Q1 2025, an increase compared to the previous value of 85023.72 billion Indian Rupee. Historically, the average for India from Q2 2004 to Q1 2025 is 35329.3 billion Indian Rupee. The minimum of 7240.4 billion Indian Rupee was recorded in Q2 2004, while the maximum of 88175.34 billion Indian Rupee was reached in Q1 2025. | TheGlobalEconomy.com

GDP from Utilities in India increased to 1000.44 INR Billion in the first quarter of 2025 from 963.01 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

GDP from Construction in India increased to 4636.41 INR Billion in the first quarter of 2025 from 3899.90 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

India's construction industry was valued at over *** trillion Indian rupees in fourth quarter of 2023. This was a significant increase compared to previous years, when the value shrank due to the coronavirus (COVID-19) pandemic. The country’s construction and manufacturing industries were among the worst hit at the time. However, the industry seemed to recover quickly and returned to pre-crisis level again.  Developments in other producing industries The coronavirus (COVID-19) pandemic and the national lockdown from March to May 2020 had a differing impact on the producing sectors of the Indian economy. Similar to the construction industry, manufacturing reportedly shrunk in the second quarter of 2020. The agriculture sector did not witness a significant change, even showing higher employment numbers as a result of migrant workers returning to their homes. The utilities industry showed fluctuating values with a peak in the fourth quarter of 2021. Impact of the construction industry Infrastructure construction had been at the core of economic development in India in recent years. Between financial year 2016 to 2020, the manufacturing industry attracted the highest value of investments. The inflow of foreign direct investments into the infrastructure industries fluctuated over the last five years and amounted for around * billion U.S. dollars in financial year 2021.  

GDP from Mining in India increased to 1013.49 INR Billion in the first quarter of 2025 from 824.88 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the travel and tourism industry in India contributed around 256 billion U.S. dollars to the country’s GDP. In 2023, the country welcomed over nine million foreign tourists, generating foreign exchange earnings of over 27 billion U.S. dollars. Domestic travel on the rise With a rich culture, ancient monuments, and mesmerizing natural beauty, India is one of the leading tourist destinations in the world. This holds true not only for foreign tourists, but also for the increasingly monied middle-class of the country who are spending more time and money than ever before on domestic travel. In 2021, the domestic expenditure on tourism was around 150 billion U.S. dollars. The collective government spending on the tourism sector is expected to reach 5.65 billion dollars by 2028. The cost of tourism It comes as no surprise that out of the most visited monuments in India, the Taj Mahal in Agra ranks number one for both foreign as well as domestic tourists. Along with these popular tourist destinations, travellers are also exploring many other destinations in the country, like the pristine high-altitude plains of Leh and Ladakh or the lush green north-eastern forests. It now remains to be seen whether and how well the country manages to balance the influx of people with its efforts for the historical sites and natural resources conservation.

India's quarterly GDP was estimated to grow by 8.4 percent in the second quarter of financial year 2022 compared to the same quarter in the previous fiscal year. While continuing to be a positive change, it was a significant reduction from the performance during the first quarter of fiscal year 2022 when GDP growth peaked by 20 percent.

Cost of the pandemic

As a result of the various lockdowns enforced since the onset of the coronavirus pandemic in 2020, the Indian economy has been reeling from a multibillion dollar setback. The GDP contribution as well as the employment rate among most major sectors, especially services and trade, had taken a hit. The agriculture sector was an exception, having experienced positive changes on both these fronts.

A slowly recovering economy

With the outbreak of the second wave of the pandemic in March 2021, the government redirected financial support to boost India’s vaccination campaign. As of February 2022, over a billion vaccine doses had been administered across the country. Furthermore, inflation within the country was expected to decline 2021 onwards. However, the stagnation of employment continued to remain a matter of concern with protests erupting across different states in 2022.

Inde: Gross Domestic Product, billions of U.S. dollars: Pour cet indicateur, La Banque mondiale fournit des données pour la Inde de 1960 à 2023. La valeur moyenne pour Inde pendant cette période était de 785.41 billion U.S. dollars avec un minimum de 37.03 billion U.S. dollars en 1960 et un maximum de 3567.55 billion U.S. dollars en 2023.

Historical chart and dataset showing India manufacturing output by year from 1960 to 2023.

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.

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.

This study estimates the economic losses (GDP), particularly the impact of COVID-19 deaths on non-health components of GDP in West Bengal state. The NHGDP losses were evaluated using cost-of-illness approach. Future NHGDP losses were discounted at 3%. Excess death estimates by the World Health Organisation (WHO) and Global Burden of Disease (GBD) were used. Sensitivity analysis was carried out by varying discount rates and Average Age of Death (AAD). 21,532 deaths in West Bengal since 17th March 2020 till 31st December 2022 decreased the future NHGDP by $0.92 billion. Nearly 90% of loss was due to deaths occurring in above 30 years age-group. The majority of the loss was borne among the 46–60 years age-group. The NHGDP loss/death was $42,646, however, the average loss/death declined with a rise in age. The loss increased to $9.38 billion and $9.42 billion respectively based on GBD and WHO excess death estimates. The loss increased to $1.3 billion by considering the lower age of the interval as AAD. At 5% and 10% discount rates, the losses reduced to $0.769 billion and $0.549 billion respectively. Results from the study suggest that COVID-19 contributed to major economic loss in West Bengal. The mortality and morbidity caused by COVID-19, the substantial economic costs at individual and population levels in West Bengal, and probably across India and other countries, is another argument for better infection control strategies across the globe to end the impact of this epidemic. Methods Various open domains were used to gather data on COVID-19 deaths in West Bengal and the aforementioned estimates. Economic losses in terms of Non-Health Gross Domestic Product (NHGDP)among six age-group brackets viz. 0–15, 16–30, 31–45, 46–60, 61–75 and 75 and above were estimated to facilitate comparisons and to initiate advocacy for an increase in health investments against COVID-19. This study used midpoint age as the age of death for all the age brackets. The legal minimum age for working i.e., 15 years. A sensitivity analysis was conducted to determine the effect of age on the overall total NHGDP loss estimate. The model was re-estimated assuming an average age at death to be the starting age of each age-group bracket. Based on existing literature discounted rate of interest to measure the value of life is taken as 2.9%. As a sensitivity analysis, NHGDP loss has also been computed using 5% and 10% of discounted rates of interest.

GDP, billion currency units in Inde, mars, 2025 Pour cet indicateur, Ministry of Statistics and Program Implementation of India fournit des données pour la Inde de Q2 2004 à Q1 2025. La valeur moyenne pour Inde pendant cette période était de 35329.3 billion Indian Rupee avec un minimum de 7240.4 billion Indian Rupee en Q2 2004 et un maximum de 88175.34 billion Indian Rupee en Q1 2025. | TheGlobalEconomy.com