GDP of India

Source	Economic Survey (2022-23)
	Ministry of Statistics and Programme Implementation
	World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant)
	IMF World Economic Outlook (October 2024)
Date	30 Nov 2024

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According to the IMF World Economic Outlook (October 2024), India's nominal GDP in 2024 is projected at $3,889 billion at current prices. India is the 5th largest economy globally. India attained the highest 5th rank in 2021 and lowest 17th in 1991. India contributes 3.53% of the entire world's GDP. India's share of the world economy increased from 1.08 percent in 1993 to the current estimate of 3.53 percent in 2024.

India is in 3rd position after China and Japan among Asian Countries. India shares around 9.75% of the total of Asia's GDP (nominal).

Based on PPP, India's economy in 2024 is projected at 16,020 billion international dollars, 3rd highest in the world, behind the United States and China. India contributes 8.23% of the entire world's gdp (ppp). India shares almost 17 percent of the total of Asia's GDP (PPP). The gross domestic product (GDP) of India at purchasing power parity (PPP) is 4.12 times of GDP at nominal.

The Indian economy crossed the $1 billion mark in 2007, $2 billion mark in 2014 and the $3 billion mark in 2021 in nominal terms. Estimates by the world bank are available since 1960 when the country's gdp was 37 mn USD.

Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2023-24 is estimated at ₹ 173.82 lakh crore, as against the First Revised Estimate of GDP for 2022-23 of ₹ 160.71 lakh crore. The growth in GDP during 2023-24 is estimated at 8.15 percent. Nominal GDP or GDP at current prices in the year 2023-24 is estimated to attain a level of ₹ 295.36 lakh crore against the First Revised Estimates of ₹ 269.50 lakh crore in 2022-23, showing a change of 9.60 percent.

At constant prices, GVA (Gross Value Added), GNI (Gross National Income), and NNI (Net National Income) of India are estimated at ₹ 158.74 lakh crore, ₹ 171.26 lakh crore, and ₹ 148.91 lakh crore, respectively. At current prices, these figures are ₹ 267.62 lakh crore, ₹ 291.04 lakh crore, and ₹ 256.97 lakh crore.

GDP of India has expanded by 34.98 times since 1950-51 and 1.77 times in last ten years.

Nominal
PPP

Projections by IMF
Year	GDP (billions of $/Int. $)
Year	Nominal	PPP
2023	3,567.55	14,619.78
2024	3,889.13	16,019.97
2025	4,271.92	17,364.81
2026	4,710.37	18,831.45
2027	5,193.51	20,420.11
2028	5,723.29	22,143.71
2029	6,307.19	24,015.14

Estimates by World Bank
Year	GDP Nominal (billions of $)		GDP PPP (billions Int. $)		Share (%) to World		Rank/Total
Year	Current	Constant (2015)	Current	Constant (2021)	Nominal	PPP	Nominal	PPP
1960	37.03	136.37	-	-	2.71	-	9/104	-
1961	39.23	141.45	-	-	2.73	-	9/106	-
1962	42.16	145.59	-	-	2.73	-	9/108	-
1963	48.42	154.32	-	-	2.91	-	8/108	-
1964	56.48	165.82	-	-	3.09	-	8/108	-
1965	59.56	161.45	-	-	2.99	-	8/116	-
1966	45.58	161.36	-	-	2.12	-	9/117	-
1967	50.13	173.99	-	-	2.19	-	9/120	-
1968	53.09	179.88	-	-	2.14	-	9/121	-
1969	58.45	191.65	-	-	2.14	-	9/121	-
1970	62.42	201.53	-	-	2.08	-	9/141	-
1971	67.35	204.84	-	-	2.03	-	9/142	-
1972	71.46	203.71	-	-	1.86	-	9/142	-
1973	85.52	210.42	-	-	1.83	-	9/142	-
1974	99.53	212.91	-	-	1.86	-	9/142	-
1975	98.47	232.40	-	-	1.64	-	11/145	-
1976	102.72	236.26	-	-	1.58	-	12/145	-
1977	121.49	253.40	-	-	1.65	-	11/148	-
1978	137.30	267.88	-	-	1.58	-	11/147	-
1979	153.00	253.84	-	-	1.51	-	11/148	-
1980	186.33	270.94	-	-	1.63	-	12/155	-
1981	193.49	287.22	-	-	1.64	-	11/156	-
1982	200.72	297.20	-	-	1.72	-	9/158	-
1983	218.26	318.86	-	-	1.82	-	9/159	-
1984	212.16	331.04	-	-	1.70	-	9/161	-
1985	232.51	348.44	-	-	1.79	-	9/163	-
1986	248.99	365.08	-	-	1.62	-	10/163	-
1987	279.03	379.56	-	-	1.60	-	9/169	-
1988	296.59	416.10	-	-	1.52	-	11/172	-
1989	296.04	440.85	-	-	1.46	-	13/173	-
1990	320.98	465.24	1,048.33	1,905.66	1.41	3.54	12/188	7/186
1991	270.11	470.16	1,095.24	1,925.80	1.13	3.52	17/188	7/187
1992	288.21	495.94	1,181.61	2,031.38	1.13	3.63	16/191	5/188
1993	279.30	519.50	1,267.08	2,127.89	1.08	3.74	16/195	5/188
1994	327.28	554.09	1,380.31	2,269.58	1.17	3.86	15/196	5/189
1995	360.28	596.06	1,516.00	2,441.49	1.16	4.02	16/199	5/190
1996	392.90	641.06	1,660.30	2,625.81	1.23	4.15	15/199	5/190
1997	415.87	667.02	1,757.33	2,732.15	1.31	4.16	15/199	5/192
1998	421.35	708.27	1,886.98	2,901.12	1.33	4.32	13/201	5/192
1999	458.82	770.92	2,082.96	3,157.75	1.40	4.54	13/202	5/192
2000	468.40	800.53	2,211.97	3,279.03	1.38	4.49	13/203	5/194
2001	485.44	839.15	2,370.88	3,437.21	1.44	4.59	13/204	4/194
2002	514.94	871.07	2,499.31	3,567.96	1.47	4.62	12/208	4/195
2003	607.70	939.54	2,748.99	3,848.42	1.55	4.81	12/208	4/195
2004	709.15	1,013.98	3,046.57	4,153.33	1.61	4.93	12/208	4/195
2005	820.38	1,094.32	3,391.06	4,482.41	1.72	5.09	13/208	4/195
2006	940.26	1,182.53	3,777.41	4,843.73	1.82	5.18	14/209	4/196
2007	1,216.74	1,273.13	4,176.97	5,214.80	2.09	5.29	12/209	4/196
2008	1,198.90	1,312.42	4,388.86	5,375.76	1.87	5.25	12/210	4/199
2009	1,341.89	1,415.61	4,763.10	5,798.40	2.21	5.65	11/210	3/200
2010	1,675.62	1,535.90	5,230.66	6,291.12	2.52	5.82	9/210	3/200
2011	1,823.05	1,616.40	5,618.38	6,620.86	2.46	5.87	10/213	3/201
2012	1,827.64	1,704.60	6,162.75	6,982.12	2.42	6.11	11/211	3/199
2013	1,856.72	1,813.45	6,497.74	7,428.01	2.39	6.14	10/211	3/200
2014	2,039.13	1,947.83	6,812.81	7,978.44	2.55	6.19	10/212	3/199
2015	2,103.59	2,103.59	7,204.58	8,616.42	2.79	6.40	7/210	3/199
2016	2,294.80	2,277.27	7,795.52	9,327.81	3.00	6.65	7/210	3/198
2017	2,651.47	2,432.02	8,354.71	9,961.68	3.25	6.75	6/210	3/199
2018	2,702.93	2,588.97	9,230.79	10,604.60	3.12	7.01	7/210	3/199
2019	2,835.61	2,689.21	9,932.85	11,015.10	3.22	7.12	6/210	3/199
2020	2,674.85	2,533.83	9,771.02	10,378.70	3.13	7.03	6/209	3/198
2021	3,167.27	2,779.35	11,384.40	11,384.40	3.25	7.32	5/208	3/198
2022	3,353.47	2,973.54	13,037.40	12,179.80	3.31	7.57	5/202	3/194
2023	3,549.92	3,199.06	14,537.40	13,103.50	3.37	7.87	5/186	3/184

2011-12 series
Year	At 2011-12 prices (crore INR)				At current prices (crore INR)
Year	GDP	GVA	GNI	NNI	GDP	GVA	GNI	NNI
1950-51	496,848	479,210	495,274	448,483	10,222	9,809	10,181	9,531
1951-52	511,489	490,399	510,505	465,486	10,863	10,356	10,828	10,136
1952-53	524,919	504,315	524,122	480,731	10,663	10,213	10,638	9,949
1953-54	557,203	535,010	556,545	514,489	11,607	11,121	11,588	10,941
1954-55	584,011	557,724	583,005	548,393	10,977	10,447	10,948	10,382
1955-56	602,911	572,009	602,537	567,499	11,175	10,615	11,165	10,560
1956-57	636,544	604,570	635,962	599,736	13,314	12,672	13,297	12,647
1957-58	633,927	597,260	633,039	595,941	13,710	12,955	13,690	12,968
1958-59	680,776	642,587	679,555	640,433	15,283	14,492	15,248	14,462
1959-60	698,644	656,648	696,488	656,423	16,102	15,222	16,045	15,212
1960-61	737,044	703,138	734,466	694,569	17,633	16,664	17,561	16,680
1961-62	764,482	724,957	761,038	719,592	18,682	17,585	18,584	17,608
1962-63	786,890	740,293	782,931	739,509	20,077	18,803	19,969	18,917
1963-64	834,059	777,773	830,072	784,625	23,058	21,489	22,946	21,777
1964-65	896,221	836,759	891,111	842,755	26,895	25,105	26,750	25,423
1965-66	872,598	806,176	867,165	816,540	28,360	26,287	28,196	26,714
1966-67	872,116	814,380	866,818	812,952	32,106	29,921	31,876	30,145
1967-68	940,367	880,654	933,850	876,628	37,601	35,162	37,343	35,367
1968-69	972,226	903,636	966,014	905,884	39,814	37,081	39,559	37,441
1969-70	1,035,807	962,522	1,029,151	965,200	43,836	40,779	43,565	41,125
1970-71	1,089,226	1,010,777	1,082,340	1,011,757	46,817	43,379	46,533	43,598
1971-72	1,107,121	1,020,982	1,100,363	1,026,822	50,120	46,153	49,829	46,611
1972-73	1,100,995	1,017,730	1,094,795	1,018,453	55,245	50,769	54,943	51,353
1973-74	1,137,279	1,064,051	1,131,633	1,052,122	67,241	62,219	66,916	62,592
1974-75	1,150,759	1,076,403	1,146,339	1,062,259	79,378	73,236	79,087	73,533
1975-76	1,256,053	1,173,327	1,252,240	1,164,066	85,212	77,783	84,957	78,414
1976-77	1,276,942	1,187,992	1,273,436	1,179,925	91,812	83,611	91,579	84,489
1977-78	1,369,581	1,276,734	1,366,655	1,269,352	104,024	95,426	103,791	96,177
1978-79	1,447,819	1,346,987	1,445,029	1,343,841	112,671	102,558	112,515	104,071
1979-80	1,371,980	1,276,924	1,371,460	1,265,522	123,562	111,912	123,715	113,397
1980-81	1,464,394	1,368,481	1,464,390	1,352,931	147,063	133,745	147,408	135,470
1981-82	1,552,348	1,445,465	1,550,504	1,433,659	172,776	156,592	172,816	158,235
1982-83	1,606,304	1,487,737	1,599,940	1,476,733	193,255	174,939	192,621	175,717
1983-84	1,723,386	1,604,580	1,716,327	1,587,882	225,074	204,624	224,130	205,347
1984-85	1,789,232	1,668,141	1,779,406	1,642,628	252,188	229,798	250,764	228,840
1985-86	1,883,243	1,737,565	1,873,425	1,728,209	284,534	256,779	283,105	256,851
1986-87	1,973,197	1,812,537	1,962,251	1,808,778	318,366	286,303	316,561	286,935
1987-88	2,051,442	1,876,600	2,036,744	1,872,727	361,865	324,562	359,246	324,539
1988-89	2,248,950	2,067,262	2,227,956	2,055,937	429,363	387,337	424,867	384,410
1989-90	2,382,703	2,194,056	2,360,178	2,178,379	493,278	446,221	487,547	440,563
1990-91	2,514,549	2,310,015	2,486,353	2,292,078	576,109	519,792	568,564	513,966
1991-92	2,541,123	2,343,059	2,511,622	2,303,954	662,260	599,659	652,183	585,053
1992-93	2,680,438	2,468,738	2,650,632	2,431,154	761,196	687,816	749,551	672,722
1993-94	2,807,779	2,608,995	2,780,663	2,551,800	875,992	799,472	863,912	777,894
1994-95	2,994,747	2,775,834	2,967,254	2,723,964	1,027,570	933,790	1,014,487	914,377
1995-96	3,221,584	2,978,143	3,192,013	2,934,298	1,205,583	1,093,302	1,192,099	1,075,501
1996-97	3,464,798	3,215,638	3,436,436	3,163,037	1,394,816	1,272,362	1,381,734	1,247,350
1997-98	3,605,116	3,353,964	3,581,984	3,287,915	1,545,294	1,414,891	1,532,089	1,379,581
1998-99	3,828,072	3,578,123	3,803,495	3,489,318	1,772,297	1,631,019	1,757,329	1,587,676
1999-00	4,166,694	3,864,524	4,139,292	3,800,560	1,988,262	1,816,202	1,972,831	1,779,304
2000-01	4,326,736	4,024,831	4,286,910	3,924,698	2,139,886	1,955,518	2,117,153	1,902,148
2001-02	4,535,456	4,241,595	4,499,695	4,112,858	2,315,243	2,126,091	2,295,175	2,057,006
2002-03	4,707,984	4,406,074	4,676,257	4,268,230	2,492,614	2,290,883	2,475,924	2,219,107
2003-04	5,078,049	4,757,084	5,043,422	4,609,081	2,792,530	2,566,465	2,771,822	2,487,363
2004-05	5,480,380	5,092,503	5,442,938	4,967,090	3,186,332	2,904,298	3,163,957	2,829,998
2005-06	5,914,614	5,514,228	5,872,936	5,351,624	3,632,125	3,326,914	3,606,009	3,226,040
2006-07	6,391,375	5,958,367	6,342,389	5,770,565	4,254,629	3,904,894	4,221,395	3,783,068
2007-08	6,881,007	6,398,296	6,852,740	6,219,065	4,898,662	4,490,188	4,878,150	4,369,214
2008-09	7,093,403	6,674,215	7,052,191	6,358,644	5,514,152	5,172,837	5,481,229	4,887,836
2009-10	7,651,078	7,131,837	7,606,319	6,837,719	6,366,407	5,974,906	6,328,407	5,638,126
2010-11	8,301,235	7,704,514	8,211,816	7,373,384	7,634,472	7,083,670	7,552,665	6,756,720
2011-12	8,736,329	8,106,946	8,659,505	7,742,330	8,736,329	8,106,946	8,659,505	7,742,330
2012-13	9,213,017	8,546,275	9,104,662	8,094,001	9,944,013	9,202,692	9,827,250	8,766,345
2013-14	9,801,370	9,063,649	9,679,027	8,578,417	11,233,522	10,363,153	11,093,638	9,897,663
2014-15	10,527,674	9,712,133	10,402,987	9,224,343	12,467,959	11,504,279	12,320,529	10,978,238
2015-16	11,369,493	10,491,870	11,234,571	9,963,681	13,771,874	12,574,499	13,612,095	12,162,398
2016-17	12,308,193	11,328,285	12,163,619	10,782,092	15,391,669	13,965,200	15,215,268	13,623,936
2017-18	13,144,582	12,034,171	12,998,695	11,508,774	17,090,042	15,505,665	16,905,230	15,140,418
2018-19	13,992,914	12,733,798	13,840,474	12,226,019	18,899,668	17,175,128	18,697,344	16,713,054
2019-20	14,534,641	13,236,100	14,392,900	12,661,722	20,103,593	18,381,117	19,910,479	17,746,868
2020-21	13,694,869	12,687,345	13,493,976	11,661,217	19,854,096	18,210,997	19,587,409	17,246,821
2021-22	15,021,846	13,876,840	14,827,920	12,872,132	23,597,399	21,635,584	23,319,590	20,652,786
2022-23	16,071,429	14,804,901	15,831,133	13,746,502	26,949,646	24,659,041	26,579,339	23,439,442
2023-24	17,381,722	15,873,751	17,125,892	14,890,760	29,535,667	26,762,147	29,104,354	25,696,663