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.

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 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 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 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.

Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 8.2 % YoY in Sep 2025, following a growth of 7.8 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Sep 2025, with an average rate of 7.6 %.
• The data reached an all-time high of 22.6 % in Jun 2021 and a record low of -23.1 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 975.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.5 % in Sep 2025.
• GDP Per Capita in India reached 2,777.6 USD in Mar 2025.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 34.8 % in Sep 2025.
• Public Consumption accounted for 9.1 % in Sep 2025.
• Private Consumption accounted for 62.5 % in Sep 2025.

In 2020, the GDP per capita at current prices in India was estimated to approximately ***** U.S. dollars. Projections from per capita GDP are expected to increase up to 2024, with a projected GDP per capita of ***** U.S. dollars projected for that year.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.6 % 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 23.4 in Nov 2025
• Sensitive 30 (Sensex) closed at 85,706.7 points in Nov 2025

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 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.

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.

Key information about India Nominal GDP Growth

• India Nominal GDP Growth was reported at 9.912 % in Dec 2024.
• This records an increase from the previous number of 8.263 % for Sep 2024.
• India Nominal GDP Growth data is updated quarterly, averaging 12.046 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 32.980 % in Jun 2021 and a record low of -21.356 % in Jun 2020.
• India Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Nominal GDP Growth prior to Q2 2012 is calculated from Nominal GDP based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2005 is calculated from Nominal GDP based on SNA 1993, at 1999-2000 prices.

India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 15.998 % in 2024. This records a decrease from the previous number of 16.639 % for 2023. India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 27.320 % from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 42.752 % in 1968 and a record low of 15.998 % in 2024. India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing 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: Share of GDP. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

India: Household consumption as percent of GDP: The latest value from 2024 is 61.49 percent, an increase from 60.19 percent in 2023. In comparison, the world average is 66.87 percent, based on data from 102 countries. Historically, the average for India from 1960 to 2024 is 68.99 percent. The minimum value, 54.72 percent, was reached in 2010 while the maximum of 87.38 percent was recorded in 1960.

Key information about India Nominal GDP

• India Nominal GDP reached 975.9 USD bn in Sep 2025, compared with 1,005.7 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Sep 2025, with an average number of 456.6 USD bn.
• The data reached an all-time high of 1,018.0 USD bn in Mar 2025 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 8.2 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.5 % in Sep 2025.
• India GDP Per Capita reached 2,777.6 USD in Mar 2025.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 34.8 % in Sep 2025.
• Public Consumption accounted for 9.1 % in Sep 2025.
• Private Consumption accounted for 62.5 % in Sep 2025.

Key information about India Investment: % of GDP

• India Investment accounted for 34.8 % of its Nominal GDP in Sep 2025, compared with a ratio of 32.3 % in the previous quarter.
• India investment share of Nominal GDP data is updated quarterly, available from Jun 2004 to Sep 2025, with an average ratio of 32.3 %.
• The data reached an all-time high of 41.2 % in Sep 2011 and a record low of 21.8 % in Jun 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation, Changes in Stocks and Valuables. Ministry of Statistics and Programme Implementation provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Investment as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Investment: % of GDP

• In the latest reports, India GDP expanded 8.2 % YoY in Sep 2025.
• India Nominal GDP reached 975.9 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.5 % in Sep 2025.
• India GDP Per Capita reached 2,777.6 USD in Mar 2025.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.

The latest data from show economic growth of 7.34 percent, which is an increase from the rate of growth of 6.89 percent in the previous quarter and
an increase compared to the growth rate of 6.71 percent in the same quarter last year. The economic growth time series for India cover the period...

In the second quarter of 2025, the real GDP in India grew by *** percent, compared to the same quarter of the previous year.

Consumption as percent of GDP in India, June, 2025 The most recent value is 60.27 percent as of Q2 2025, an increase compared to the previous value of 58.28 percent. Historically, the average for India from Q2 2004 to Q2 2025 is 58.54 percent. The minimum of 51.8 percent was recorded in Q1 2011, while the maximum of 65.09 percent was reached in Q4 2024. | TheGlobalEconomy.com