According to a survey conducted by Ipsos, consumer confidence in their current financial situation among Indians for April 2020 was negative four, a drastic decrease from the previous year. However, the global average for April 2020 was a decline of 26.8, indicating that Indians felt better with their current financial situation.

India economic growth for 2023 was 3.550 trillion US dollars, a 5.86% increase from 2022.

<ul style='margin-top:20px;'>

<li>India economic growth for 2022 was <strong>3.353 trillion US dollars</strong>, a <strong>5.88% increase</strong> from 2021.</li>
<li>India economic growth for 2021 was <strong>3.167 trillion US dollars</strong>, a <strong>18.41% increase</strong> from 2020.</li>
<li>India economic growth for 2020 was <strong>2.675 trillion US dollars</strong>, a <strong>5.67% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

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.

According to a survey conducted by Ipsos, consumer confidence in the current state of the local economy for India for April 2020 was a loss of eleven, a drastic decrease from the previous year. However, the global average for April 2020 was a decline of 28.3, indicating that Indians had a relatively higher satisfaction of their current economy.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for India.

India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data was reported at -0.559 % in 2021. This records a decrease from the previous number of -0.278 % for 2020. India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data is updated yearly, averaging -1.175 % from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 2.276 % in 2003 and a record low of -4.830 % in 2012. India IN: Balance of Payment: Current Account Balance: as % of GDP: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Balance of Payments: Current Account: Forecast: Non OECD Member: Annual. CBGDPR-Current account balance, as a percentage of GDP Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6):https://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

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 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.

India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Median data was reported at 13.800 % in Mar 2019. This records an increase from the previous number of 13.100 % for Dec 2018. India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Median data is updated quarterly, averaging 15.000 % from Mar 2008 (Median) to Mar 2019, with 43 observations. The data reached an all-time high of 23.000 % in Dec 2008 and a record low of 6.000 % in Mar 2017. India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Median data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE007: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Bank Credit: Growth Rate.

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.

Consumer Confidence in India increased to 95.50 points in March from 93.70 points in January of 2025. This dataset provides - India Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a survey conducted by Ipsos, the consolidated economic current index for India for April 2020 was 50.8, a drastic decrease from the previous year. However, the global average for April 2020 was 36.1, indicating a more positive outlook of the current economy among Indians.
The current index reflects the respondent perceptions of current economic climate, ability to make household purchases, job security, and investment confidence within the country.

In 2023, companies in India made 853 deals in private equity and venture capital (PE/VC) investment worth over 49 billion U.S. dollars. The value of these deals reached a new peak in 2022, with 1,273 deals.

Over the last four years since the macroeconomic crisis in 1991, the Indian economy has undergone substantial changes. Almost all areas of the economy have been opened to domestic and foreign private investment. Import licensing restrictions on intermediates and capital goods have been virtually eliminated. Tariffs have been significantly reduced and full convertibility has been established for current account transactions. In the financial sector, prudential regulations that meet international standards have been introduced; banks now have significantly more discretion in their lending decisions; financial markets have been liberalized; and entry restrictions have been eliminated. The external accounts have strengthened considerably and, although still a major obstacle to higher growth, central fiscal imbalances are lower. This report highlights a large unfinished agenda. First, all reforms, which are part of the program articulated since 1991, need to be followed through to completion. In addition, agriculture, which historically has contributed extensively to poverty reduction, requires a more focused effort. Second, an urgent and appreciable improvement in public savings - embracing reduction of the fiscal deficits of the central and state governments, and improving substantially the efficiency of public enterprises - is necessary. It is critical for restoring the capacity of the public sector to invest and for accommodating higher levels of private investment. Such levels of total investment, particularly in infrastructure and social services such as primary education, are needed to achieve and sustain rates of growth and poverty reduction comparable to higher performing countries in Asia. Third, failure to correct fiscal imbalances would implicate and ultimately undermine external sector policies. Over the last two years, the challenge has been to prevent surpluses in the capital account from causing the nominal and real exchange rates to appreciate, and thereby, from reducing export growth. Careful and cautious management of these external accounts needs to continue in the foreseeable future, whether the challenge is large capital inflows or outflows. At the same time, international experience indicates that a strong fiscal position has a central role in managing effectively the capital and current accounts of the balance of payments. Fourth, in an economy which was driven for four decades by increases in public investment, maintaining dynamic growth requires a dramatic increase in private investment in infrastructure. Recent changes in the policy framework provide ample scope for this needed private sector involvement, and private investors have expressed interest in participating in the sector.

India IN: Balance of Payment: Current Account data was reported at -4,482.549 INR bn in 2026. This records a decrease from the previous number of -2,619.914 INR bn for 2025. India IN: Balance of Payment: Current Account data is updated yearly, averaging -186.668 INR bn from Dec 1979 (Median) to 2026, with 48 observations. The data reached an all-time high of 1,828.465 INR bn in 2020 and a record low of -5,404.662 INR bn in 2022. India IN: Balance of Payment: Current Account data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Balance of Payments: Current Account: Forecast: Non OECD Member: Annual. CB-Current account balance - According to the IMF's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6).

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.

India Unemployment: Per 1000 Persons: Current Daily Status: Urban data was reported at 55.000 Person in 2012. This records a decrease from the previous number of 58.000 Person for 2010. India Unemployment: Per 1000 Persons: Current Daily Status: Urban data is updated yearly, averaging 76.000 Person from Jun 1994 (Median) to 2012, with 5 observations. The data reached an all-time high of 83.000 Person in 2005 and a record low of 55.000 Person in 2012. India Unemployment: Per 1000 Persons: Current Daily Status: Urban data remains active status in CEIC and is reported by National Sample Survey Organisation. The data is categorized under India Premium Database’s Labour Market – Table IN.GBA019: Employment and Unemployment Survey: Unemployment.

The Gross Domestic Product per capita in India was last recorded at 2236.31 US dollars in 2023. The GDP per Capita in India is equivalent to 18 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.