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 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 (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.

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

The Gross Domestic Product (GDP) in India expanded 1.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - India GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the financial year 2023, Maharashtra emerged as the leader in rural manufacturing GDP within India, reaching approximately 4.7 trillion Indian rupees. Following closely behind was Uttar Pradesh, with a notable figure of about four trillion rupees. The nine listed states account for roughly 72 percent of the rural manufacturing GVA in India.

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 588 thousand Indian rupees in the financial year 2024. Meanwhile, it was the lowest in the northern state of Bihar at over 60 thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated 184 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 40 percent of the total wealth in 2022.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra Pradesh data was reported at 4.812 % in 2025. This records an increase from the previous number of 4.721 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra Pradesh data is updated yearly, averaging 4.447 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 4.929 % in 2021 and a record low of 4.133 % in 2014. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Andhra 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.

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 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.

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

The Gross Domestic Product (GDP) in India was worth 3567.55 billion US dollars in 2023, according to official data from the World Bank. The GDP value of India represents 3.38 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.

In financial year 2023, Uttar Pradesh emerged as the leader in rural services GDP within India, reaching approximately 6.3 trillion Indian rupees. Following closely behind was Maharashtra, with an impressive figure of about 6.14 trillion rupees. It is noteworthy to observe that India, traditionally recognized for its heavy reliance on agriculture in the rural economy, is experiencing a significant contribution from the services sector in recent years.

NSDP Per Capita: Uttar Pradesh data was reported at 93,422.086 INR in 2024. This records an increase from the previous number of 83,056.934 INR for 2023. NSDP Per Capita: Uttar Pradesh data is updated yearly, averaging 57,944.312 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 93,422.086 INR in 2024 and a record low of 32,002.002 INR in 2012. NSDP Per Capita: Uttar Pradesh data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.

GDP growth of Uttar Pradesh went up by 4.03% from 80,206,969.00 % in 2014 to 83,443,236.00 % in 2015. Since the 30.63% surge in 2005, GDP growth rocketed by 219.90% in 2015. Real Growth Rate of States in GSDP at Constant price (94-95 to 11-12)

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.

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.