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.

The statistic shows GDP in India from 1987 to 2023, with projections up until 2029. In 2023, GDP in India was at around 3.57 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 statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2029. 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 per capita in India was last recorded at 9160.06 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in India, when adjusted by Purchasing Power Parity is equivalent to 52 percent of the world's average. This dataset provides - India GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2024, Mumbai had a gross domestic product of 368 billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around 167 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.

Context

The Indian Premier League (IPL) is a professional Twenty20 cricket league in India usually contested between March and May of every year by eight teams representing eight different cities or states in India. The league was founded by the Board of Control for Cricket in India (BCCI) in 2007. The IPL has an exclusive window in ICC Future Tours Programme.

The IPL is the most-attended cricket league in the world and in 2014 was ranked sixth by average attendance among all sports leagues. In 2010, the IPL became the first sporting event in the world to be broadcast live on YouTube. The brand value of the IPL in 2019 was ₹475 billion (US$6.7 billion), according to Duff & Phelps. According to BCCI, the 2015 IPL season contributed ₹11.5 billion (US$160 million) to the GDP of the Indian economy.

Content

The dataset consist of data about IPL matches played from the year 2008 to 2019. IPL is a professional Twenty20 cricket league founded by the Board of Control for Cricket in India (BCCI) in 2008. The league has 8 teams representing 8 different Indian cities or states. It enjoys tremendous popularity and the brand value of the IPL in 2019 was estimated to be ₹475 billion (US$6.7 billion). So let’s analyze IPL through stats.

The dataset has 18 columns. Let’s get acquainted with the columns. - id: The IPL match id. - season: The IPL season - city: The city where the IPL match was held. - date: The date on which the match was held. - team1: One of the teams of the IPL match - team2: The other team of the IPL match - toss_winner: The team that won the toss - toss_decision: The decision taken by the team that won the toss to ‘bat’ or ‘field’ - result: The result(‘normal’, ‘tie’, ‘no result’) of the match. - dl_applied: (1 or 0)indicates whether the Duckworth-Lewis rule was applied or not. - winner: The winner of the match. - win_by_runs: Provides the runs by which the team batting first won - win_by_runs: Provides the number of wickets by which the team batting second won. - player_of_match: The outstanding player of the match. - venue: The venue where the match was hosted. - umpire1: One of the two on-field umpires who officiate the match. - umpire2: One of the two on-field umpires who officiate the match. - umpire3: The off-field umpire who officiates the match

Acknowledgements

• Data source from 2008-2017 - CricSheet.org and Manas - Kaggle
• Indian Premier League 2008-2019 Navaneesh Kumar - Kaggle
• Data source for 2018-2019 - IPL T20 - Official website

The benchmark interest rate in India was last recorded at 6.25 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for PRIVATE DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.