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.

Gross State Domestic Product (GSDP) is the total economic output of a state within a given period, typically measured annually. It represents the monetary value of all goods and services produced within a state's geographical boundaries, similar to a country's Gross Domestic Product (GDP) but on a state level. GSDP is a crucial indicator of a state's economic health and is used to assess economic activity, growth, and development across different states.

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 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.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data was reported at 2.445 % in 2025. This records a decrease from the previous number of 2.476 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data is updated yearly, averaging 2.848 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 3.259 % in 2005 and a record low of 2.445 % in 2025. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab 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. Data prior to 2012 is based on GDP at Factor Cost

The estimated per capita income across Sikkim was the highest among Indian states at around *** thousand Indian rupees in the financial year 2024. Meanwhile, it was the lowest in the northern state of Bihar at over ** thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated *** thousand rupees. What is per capita income? Per capita income is a measure of the average income earned per person in a given area in a certain period. It is calculated by dividing the area's total income by its total population. If absolute numbers are noted, India’s per capita income doubled from the financial year 2015 to 2023. Wealth inequality However, as per economists, the increase in the per capita income of a country does not always reflect an increase in the income of the entire population. Wealth distribution in India remains highly skewed. The average income hides the disbursal and inequality in a society. Especially in a society like India where the top one percent owned over ** percent of the total wealth in 2022.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu data was reported at 9.374 % in 2025. This records an increase from the previous number of 9.035 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu data is updated yearly, averaging 8.596 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 9.374 % in 2025 and a record low of 7.370 % in 2005. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Tamil Nadu 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. Data prior to 2012 is based on GDP at Factor Cost

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttar Pradesh data was reported at 8.508 % in 2024. This records an increase from the previous number of 8.399 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttar Pradesh data is updated yearly, averaging 8.371 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 8.778 % in 2005 and a record low of 8.057 % in 2011. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Uttar Pradesh 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. Data prior to 2012 is based on GDP at Factor Cost

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal data was reported at 5.483 % in 2025. This records an increase from the previous number of 5.482 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal data is updated yearly, averaging 5.865 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 7.022 % in 2005 and a record low of 5.482 % in 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): West Bengal 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.

In the financial year of 2024, the gross domestic product of the southern state of Karnataka amounted to about 25 trillion Indian rupees, up from about 23 trillion Indian rupees in the previous year. There was a gradual increase in the value over the years across this state.

Credit to government and state-owned enterprises to GDP (%) in India was reported at 22.79 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Credit to government and state owned enterprises to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Karnataka data was reported at 8.712 % in 2025. This records an increase from the previous number of 8.489 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Karnataka data is updated yearly, averaging 7.330 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 8.712 % in 2025 and a record low of 5.482 % in 2010. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Karnataka 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. Data prior to 2012 is based on GDP at Factor Cost

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Arunachal Pradesh data was reported at 0.130 % in 2024. This records a decrease from the previous number of 0.130 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Arunachal Pradesh data is updated yearly, averaging 0.129 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 0.154 % in 2021 and a record low of 0.106 % in 2007. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Arunachal Pradesh 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. Data prior to 2012 is based on GDP at Factor Cost

In financial year 2024, the gross state domestic product of Maharashtra in India amounted to over 40 trillion Indian rupees, up from the previous year. The western state saw a constant increase in the gross domestic product over the years except between financial year 2020 and 2021.

In financial year 2024, the gross state domestic product of Uttar Pradesh in India amounted to about 25 trillion Indian rupees. This was an increase from seven trillion rupees in fiscal year 2012 across the state.

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.

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.

In the financial year of 2024, the gross domestic product of the southern state of Tamil Nadu in India amounted to about 27 trillion Indian rupees. This was an increase from about seven trillion Indian rupees in the fiscal year 2012.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data was reported at 2.830 % in 2024. This records an increase from the previous number of 2.772 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data is updated yearly, averaging 2.743 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 2.894 % in 2020 and a record low of 2.351 % in 2006. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar 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. Data prior to 2012 is based on GDP at Factor Cost

In 2024, the United States was the G20 country with the largest gross domestic product per capita, with ****** international dollars per capita. The international dollar is a hypothetical currency accounting for purchasing power parity (PPP), assuming that the U.S. dollar would have the same value all around the world. Saudi Arabia had the second highest GDP per capita, followed by Germany. On the other hand, India had the lowest at only ***** dollars per capita.