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 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.

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.

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.

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.

Key information about India Labour Productivity Growth

• India Labour Productivity improved by 3.39 % YoY in Dec 2023, compared with a growth of 1.51 % in the previous year
• India Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2023, averaging at 7.06 %
• The data reached an all-time high of 8.92 % in Dec 2016 and a record low of -2.51 % in Dec 2020

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

The Maha Kumbh Mela 2025 was estimated to contribute approximately *** percent to India's GDP. In comparison, the event's contribution to GDP was about **** percent in 2019. The Maha Kumbh Mela in 2025 is a 45-day event that occurs only once every 144 years. Recognized by UNESCO as the largest peaceful religious gathering of pilgrims in the world, this event is expected to attract approximately *** million visitors. This massive convergence promotes spiritual unity and also boosts local economies by creating employment opportunities across various sectors.

The dataset contains economic census information for 6+ Metros conducted in 2012-2013. You will find separate files for each Metro. Below is the breakdown of data points for respective Metro file.

• Mumbai: 261259
• Ahmedabad: 353015
• Chennai: 333049
• Delhi: 875308
• Hyderabad: 215737
• Kolkata: 543081
• Mumbai-Suburban: 465416
• Pune: 514469

Data Description -

There are 20+ variables in each Metro File. Below is the brief details about each of them. For more details please refer Data Labels file. It will give you understanding of coding details for nominal variables.

Variable Name	Description
State	State Code
District	Four Digit District code (first two digits are the state code from above)
Tehsil	Seven Digit Tahsil code (first four digits are the district code from above)
T_V	Taluk or Village
WC	Four Digit stand-alone code
EB	Four Digit stand-alone code
EBX	Two Digit stand-along code
C_HOUSE	(1= Commercial; 2= Residential; 3 = Residential cum Commercial; 9 = Others)
IN_HH	Number of establishments owned by HH(HouseHold) members Inside HH
BACT	Broad Activity
NIC3	NIC 2008 3-Digit Code filled by the District Statistics Office based on enumerator collected information
HLOOM_ACT	Is it Handloom/Handicraft Activity (Yes -1, No -0)
OWN_SHIP_C	Ownership of Enterprise
SEX	The gender of the owner of proprietary establishment
SG	The social group of the owner of the establishment (SC, ST, OBC, OTH)
RELIGION	Religion of the owner (census religion codes used)
NOP	Nature of operation
SOF	Major Source of Finance
M_H	No of Males employed ( Hired )
F_H	No. of Females employed ( Hired )
M_NH	No of Males employed ( Not Hired )
F_NH	No of Females employed ( Not Hired )
TOTAL_WORKER	Total no. of persons employed
SECTOR	Sector Code
DISTRICT	Four Digit District code (first two digits are the state code from above)

India recorded a Government Debt to GDP of 81.92 percent of the country's Gross Domestic Product in 2024. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India: Stock market value traded, percent of GDP: The latest value from 2024 is 85.55 percent, an increase from 53.46 percent in 2023. In comparison, the world average is 44.48 percent, based on data from 33 countries. Historically, the average for India from 2000 to 2024 is 56.97 percent. The minimum value, 30.75 percent, was reached in 2013 while the maximum of 109.49 percent was recorded in 2000.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Economy. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Economy, the median household income for the households where the householder is White increased by $8,247(22.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $36,128 in 2013 and $44,375 in 2023.
• Black or African American: As per the U.S. Census Bureau population data, in Economy, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Economy.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income by race. You can refer the same here

The Gross Domestic Product (GDP) in India expanded 1.70 percent in the second 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.

India External Debt: IMF's 2013: USD data was reported at 717.901 USD bn in Dec 2024. This records an increase from the previous number of 712.667 USD bn for Sep 2024. India External Debt: IMF's 2013: USD data is updated quarterly, averaging 602.974 USD bn from Jun 2018 (Median) to Dec 2024, with 27 observations. The data reached an all-time high of 717.901 USD bn in Dec 2024 and a record low of 509.838 USD bn in Sep 2018. India External Debt: IMF's 2013: USD data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FK007: External Debt: IMF's 2013 External Debt Statistics Guide: USD.

The manufacturing industry in India has emerged as a fast-growing sector owing to the rapidly increasing population in the country. Investments in the sector have been on the rise and initiatives like ‘Make in India’ aim to make the South Asian country a global manufacturing hub. The annual production growth rate in the manufacturing industry was *** percent during fiscal year 2025. Foreign and domestic enterprisesThe gross value added by the manufacturing sector in India has grown steadily; however, it is still lower than the services sector. With the prospect of a huge consumer market, global giants such as Siemens, HTC, and Toshiba have already set up or are in the process of setting up manufacturing plants across the region. Apple has also been setting up nascent operations in India to diversify from China-centered production. On the other hand, the micro, small and medium enterprises sector is also crucial to transforming India from an agriculture-based economy to an industrialized one. MSME's contribution to Indian GDP has remained stable over the last few years. The futureWith technology reaching what previously were unimaginable heights in the last decade, industries need to keep up with the current trends and the technology. The focus is shifting towards machine learning to improve the efficiency and precision of the work.Smart manufacturing, a combination of internet of things and artificial intelligence, is expected to see growth in the coming decade.

This layer shows India's Outstanding External Debt during (As per IMF's 2013 EDS Guide) as per the Economic Survey Report 2024-2025.Data source: https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab7.3a.pdfNotes: PR: Partially Revised. P: ProvisionalThis web layer is offered by Esri India, for ArcGIS Online subscribers. If you have any questions or comments, please let us know via content@esri.in.

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 External Debt: IMF's 2013: USD: Other Sectors data was reported at 301.303 USD bn in 2024. This records an increase from the previous number of 297.787 USD bn for 2023. India External Debt: IMF's 2013: USD: Other Sectors data is updated yearly, averaging 287.061 USD bn from Mar 2019 (Median) to 2024, with 6 observations. The data reached an all-time high of 301.832 USD bn in 2022 and a record low of 257.637 USD bn in 2019. India External Debt: IMF's 2013: USD: Other Sectors data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FK008: External Debt: IMF's 2013 External Debt Statistics Guide: USD: Annual.

Monthly and long-term India Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.