GDP (Gross Domestic Product): India
Current Value (2024)
$3,909,891,533,858.08
All-Time Peak (2024)
$3,909,891,533,858.08
All-Time Low (1960)
$37,029,883,876.184
GDP (Gross Domestic Product) — India
Analysis# India's GDP Analysis (1960–2024)
India's nominal GDP reached approximately $3.91 trillion in 2024, representing a 105-fold increase from $37 billion in 1960—a compound annual growth rate of roughly 7.2% over 64 years. The acceleration was particularly pronounced after 1991, when economic liberalization policies triggered rapid industrialization and service sector expansion, contrasting sharply with the sluggish growth (averaging 3.5% annually) during the license-raj period of 1960–1980. India currently ranks as the world's fifth-largest economy by nominal GDP, though per capita figures remain modest at approximately $2,700,
Historical Data
| Year | Value | Change % |
|---|---|---|
| 2024 | $3,909,891,533,858.08 | +7.46% |
| 2023 | $3,638,489,096,033.86 | +8.74% |
| 2022 | $3,346,107,287,730.93 | +5.65% |
| 2021 | $3,167,270,623,260.47 | +18.41% |
| 2020 | $2,674,851,578,587.27 | -5.67% |
| 2019 | $2,835,606,256,558.19 | +4.91% |
| 2018 | $2,702,929,641,648.74 | +1.94% |
| 2017 | $2,651,474,262,755.45 | +15.54% |
| 2016 | $2,294,796,885,663.16 | +9.09% |
| 2015 | $2,103,588,360,044.94 | +3.16% |
| 2014 | $2,039,126,479,154.52 | +9.82% |
| 2013 | $1,856,721,507,621.58 | +1.59% |
| 2012 | $1,827,637,590,410.41 | +0.25% |
| 2011 | $1,823,051,829,894.55 | +8.80% |
| 2010 | $1,675,615,519,484.96 | +24.87% |
| 2009 | $1,341,888,016,994.9 | +11.93% |
| 2008 | $1,198,895,139,005.92 | -1.47% |
| 2007 | $1,216,736,438,834.96 | +29.40% |
| 2006 | $940,259,888,787.721 | +14.61% |
| 2005 | $820,383,763,511.445 | +15.69% |
Show all 65 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | $709,152,728,830.775 | +16.69% |
| 2003 | $607,700,687,237.318 | +18.01% |
| 2002 | $514,939,140,318.756 | +6.08% |
| 2001 | $485,440,139,204.171 | +3.64% |
| 2000 | $468,395,521,654.458 | +2.09% |
| 1999 | $458,821,052,615.79 | +8.89% |
| 1998 | $421,351,317,224.941 | +1.32% |
| 1997 | $415,867,563,592.829 | +5.85% |
| 1996 | $392,896,866,204.516 | +9.05% |
| 1995 | $360,281,909,643.489 | +10.09% |
| 1994 | $327,274,843,459.429 | +17.18% |
| 1993 | $279,295,648,982.529 | -3.09% |
| 1992 | $288,208,070,278.013 | +6.70% |
| 1991 | $270,105,341,879.226 | -15.85% |
| 1990 | $320,979,026,420.035 | +8.42% |
| 1989 | $296,042,052,944.66 | -0.18% |
| 1988 | $296,589,670,895.932 | +6.29% |
| 1987 | $279,033,584,092.223 | +12.07% |
| 1986 | $248,985,994,040.59 | +7.09% |
| 1985 | $232,511,554,840.372 | +9.59% |
| 1984 | $212,157,645,177.652 | -2.80% |
| 1983 | $218,262,146,413.158 | +8.74% |
| 1982 | $200,715,624,830.902 | +3.73% |
| 1981 | $193,491,368,445.573 | +3.84% |
| 1980 | $186,328,579,302.068 | +21.79% |
| 1979 | $152,995,442,497.709 | +11.43% |
| 1978 | $137,302,319,828.995 | +13.02% |
| 1977 | $121,486,641,441.309 | +18.27% |
| 1976 | $102,716,451,979.68 | +4.31% |
| 1975 | $98,473,832,017.324 | -1.06% |
| 1974 | $99,526,597,933.633 | +16.38% |
| 1973 | $85,517,673,172.551 | +19.66% |
| 1972 | $71,464,700,666.987 | +6.11% |
| 1971 | $67,351,404,351.833 | +7.90% |
| 1970 | $62,422,483,054.667 | +6.80% |
| 1969 | $58,447,995,017.333 | +10.10% |
| 1968 | $53,085,455,870.667 | +5.89% |
| 1967 | $50,134,942,204 | +9.99% |
| 1966 | $45,581,230,504.071 | -23.47% |
| 1965 | $59,556,105,229.005 | +5.45% |
| 1964 | $56,480,289,940.99 | +16.64% |
| 1963 | $48,421,923,459.124 | +14.85% |
| 1962 | $42,161,481,858.082 | +7.47% |
| 1961 | $39,232,435,784.036 | +5.95% |
| 1960 | $37,029,883,876.184 | — |