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 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 gross domestic product was valued at over *** trillion Indian rupees in financial year 2020 in India. This was estimated to dip down to *** trillion Indian rupees in financial year 2022. The decrease in the value of GDP in the financial years 2020 and 2021 seemed to be due to the coronavirus pandemic.

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.

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.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.5 % 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 20.6 in Mar 2025
• Sensitive 30 (Sensex) closed at 73,198.1 points in Feb 2025

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 recorded a Government Debt to GDP of 81.59 percent of the country's Gross Domestic Product in 2023. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the United States had a real gross domestic product of about 23.3 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Real GDP in the U.S. The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth. The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.

Key information about India Gross National Product (GNP)

• India Gross National Product (GNP) was reported at 3,589.169 USD bn in Dec 2023.
• This records an increase from the previous number of 3,301.403 USD bn for Dec 2022.
• India Gross National Product (GNP) data is updated yearly, averaging 277.336 USD bn from Dec 1957 to 2023, with 67 observations.
• The data reached an all-time high of 3,589.169 USD bn in 2023 and a record low of 28.750 USD bn in 1957.

Related information about India Gross National Product (GNP) data

• India Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC shifts year-end for annual Gross National Product and converts it into USD. Ministry of Statistics and Programme Implementation provides Gross National Product in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Gross National Product is reported in annual frequency, ending in March of each year.

Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over *** trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

In fiscal year 2025, the export value of goods and services as a part of the GDP in India was estimated to be around ** trillion Indian rupees. This was an increase from the previous year's export value.

Time series data for the data Real Gross Domestic Product - Components - Current Local Curreny Unit (CLU) for the country India. Indicator Definition:Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 106.20 Trillion Indian Rupees as of 3/31/2025, the highest value at least since 9/30/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 7.20 percent compared to the value the year prior.The 1 year change in percent is 7.20.The 3 year change in percent is 21.61.The 5 year change in percent is 28.63.The 10 year change in percent is 79.61.The Serie's long term average value is 62.10 Trillion Indian Rupees. It's latest available value, on 3/31/2025, is 71.01 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 3/31/2025, is +271.15%.The Serie's change in percent from it's maximum value, on 3/31/2025, to it's latest available value, on 3/31/2025, is 0.0%.Indicator Definition:Real General Government Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real General Government Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 17.08 Trillion Indian Rupees as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.28 percent compared to the value the year prior.The 1 year change in percent is 2.28.The 3 year change in percent is 15.36.The 5 year change in percent is 14.49.The 10 year change in percent is 62.00.The Serie's long term average value is 11.15 Trillion Indian Rupees. It's latest available value, on 3/31/2025, is 53.16 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 3/31/2025, is +218.59%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 3/31/2025, is -0.545%.Indicator Definition:Real Gross Fixed Capital Formation, Unadjusted, Domestic CurrencyThe indicator "Real Gross Fixed Capital Formation, Unadjusted, Domestic Currency" stands at 63.33 Trillion Indian Rupees as of 3/31/2025, the highest value at least since 9/30/2005, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 7.06 percent compared to the value the year prior.The 1 year change in percent is 7.06.The 3 year change in percent is 26.30.The 5 year change in percent is 37.90.The 10 year change in percent is 93.19.The Serie's long term average value is 35.86 Trillion Indian Rupees. It's latest available value, on 3/31/2025, is 76.60 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 6/30/2005, to it's latest available value, on 3/31/2025, is +318.04%.The Serie's change in percent from it's maximum value, on 3/31/2025, to it's latest available value, on 3/31/2025, is 0.0%.Indicator Definition:Real Changes in Inventories, Unadjusted, Domestic CurrencyThe indicator "Real Changes in Inventories, Unadjusted, Domestic Currency" stands at 5.90 Trillion Indian Rupees as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.66 percent compared to the value the year prior.The 1 year change in percent is 2.66.The 3 year change in percent is 33.09.The 5 year change in percent is 116.06.The 10 year change in percent is 27.51.The Serie's long term average value is 3.87 Trillion Indian Rupees. It's latest available value, on 3/31/2025, is 52.46 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2020, to it's latest available value, on 3/31/2025, is +201.96%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 3/31/2025, is -2.44%.Indicator Definition:Net Trade is defined as exports minus imports (measured in local currency units (LCU)).The indicator "Net Trade (Current LCU)" stands at -1.61 Trillion Indian Rupees as of 3/31/2025, the highest value since 6/30/2023. Regarding the One-Year-Change of the series, the current value constitutes an increase of 71.46 percent compared to the value the year prior.The 1 year change in percent is 71.46.The 3 year change in percent is -7.07.The 5 year change in percent is 68.24.The 10 year change in percent is -3.76.The Serie's long term average value is -3.00 Trillion Indian Rupees. It's latest available value, on 3/31/2025, is 46.17 percent higher, compared to it's long term average value.The Serie's change in Indian Rupees from it's minimum value, on 3/31/2013, to it's latest available value, on 3/31/2025, is +4.28 ...

During the financial year 2023, the real gross domestic district product of the Indian megacity of Mumbai was *** trillion Indian rupees, an increase from the previous financial year. The district domestic product is a key measure of the performance of a district. It is one of the main parameters of regional imbalances in India.

India's construction industry was valued at over *** trillion Indian rupees in the first quarter of 2025. 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 levels 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 the financial years 2016 and 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 to around *** billion U.S. dollars in financial year 2024.  

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.

Key information about India National Government Debt

• India National Government Debt reached 2,144.6 USD bn in Sep 2024, compared with 2,113.5 USD bn in the previous quarter.
• India National Government Debt data is updated quarterly, available from Dec 1998 to Sep 2024.
• The data reached an all-time high of 2,144.6 USD bn in Sep 2024 and a record low of 232.8 USD bn in Dec 1998.

CEIC converts quarterly Government Debt into USD. The Ministry of Finance provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about India National Government Debt

• In the latest reports, India Consolidated Fiscal Balance recorded a deficit equal to 4.6 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 58.3 % of its Nominal GDP in Sep 2024.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.

In financial year 2024, the gross state domestic product of Maharashtra in India amounted to over ** 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.