GDP Growth of India

Source Economic Survey (2022-23)
World Bank : Growth, Growth per capita
IMF World Economic Outlook (October - 2023)
Date24 Dec 2023

According to the IMF World Economic Outlook (October-2023), India's GDP growth rate in 2023 is projected at 6.33%. India is at 11th position out of 195 economies. With a 7.24% expansion in 2022, India is at the 31th position.

India was among the top ten growing economies in two years, 2016 (9th out of 205) and 2015 (9th out of 206).

Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2022-23 is estimated at 7.24 percent compared to the growth rate of 9.05 percent in 2021-22. In 2022-23, India has recorded the 2nd highest growth rate in past 6 years.

With GDP growth rates of 16.06% at current prices in 2022-23, India has recorded the 2nd highest nominal growth rate since year 2011-12.

In the 2011-12 series, the average growth rate from 1951 to 2023 stands at 4.99%, reaching an all-time high of 9.63% in 1988-89 and a record low of -5.83% in 2020-21. In 6 years, growth was negative.

In the 2011-12 series, the average per capita growth rate in period 1951-2023 stands at 3.05%, reaching an all-time high of 8.00% in 2021-22 and a record low of -7.51% in 1979-80. In 10 years, gdp per capita growth rate was negative.

  • GDP growth (2011-12 series)
  • GDP per capita growth (2011-12 series)

Growth (2011-12 series)

Year Growth rate (%) at 2011-12 prices Growth rate (%) at current prices (%)
GDPGVAGNINNIGDPGVA GNINNI
1951-522.952.333.083.796.275.586.356.35
1952-532.632.842.673.28-1.84-1.38-1.75-1.84
1953-546.156.096.197.028.858.898.939.97
1954-554.814.254.756.59-5.43-6.06-5.52-5.11
1955-563.242.563.353.481.801.611.981.71
1956-575.585.695.555.6819.1419.3819.1019.76
1957-58-0.41-1.21-0.46-0.632.972.232.962.54
1958-597.397.597.357.4711.4711.8611.3811.52
1959-602.622.192.492.505.365.045.235.19
1960-615.507.085.455.819.519.479.459.65
1961-623.723.103.623.605.955.535.835.56
1962-632.932.122.882.777.476.937.457.43
1963-645.995.066.026.1014.8514.2814.9115.12
1964-657.457.587.357.4116.6416.8316.5816.74
1965-66-2.64-3.65-2.69-3.115.454.715.415.08
1966-67-0.061.02-0.04-0.4413.2113.8213.0512.84
1967-687.838.147.737.8317.1217.5217.1517.32
1968-693.392.613.443.345.895.465.935.86
1969-706.546.526.546.5510.109.9710.139.84
1970-715.165.015.174.826.806.386.816.01
1971-721.641.011.671.497.066.397.086.91
1972-73-0.55-0.32-0.51-0.8210.2310.0010.2610.17
1973-743.304.553.363.3121.7122.5521.7921.89
1974-751.191.161.300.9618.0517.7118.1917.48
1975-769.159.009.249.587.356.217.426.64
1976-771.661.251.691.367.757.497.797.75
1977-787.257.477.327.5813.3014.1313.3313.83
1978-795.715.505.735.878.317.478.418.21
1979-80-5.24-5.20-5.09-5.839.679.129.958.96
1980-816.747.176.786.9119.0219.5119.1519.47
1981-826.015.635.885.9717.4817.0817.2416.80
1982-833.482.923.193.0011.8511.7211.4611.05
1983-847.297.857.277.5316.4616.9716.3616.86
1984-853.823.963.683.4512.0512.3011.8811.44
1985-865.254.165.285.2112.8311.7412.9012.24
1986-874.784.314.744.6611.8911.5011.8211.71
1987-883.973.533.803.5413.6613.3613.4813.11
1988-899.6310.169.399.7818.6519.3418.2718.45
1989-905.956.135.935.9614.8915.2014.7514.61
1990-915.535.295.355.2216.7916.4916.6216.66
1991-921.061.431.020.5214.9515.3714.7113.83
1992-935.485.365.535.5214.9414.7014.9314.98
1993-944.755.684.914.9615.0816.2315.2615.63
1994-956.666.396.716.7517.3016.8017.4317.55
1995-967.577.297.577.7217.3217.0817.5117.62
1996-977.557.977.667.8015.7016.3815.9115.98
1997-984.054.304.243.9510.7911.2010.8810.60
1998-996.186.686.186.1314.6915.2814.7015.08
1999-008.858.008.838.9212.1911.3512.2612.07
2000-013.844.153.573.277.637.677.326.90
2001-024.825.394.964.798.198.728.418.14
2002-033.803.883.923.787.667.757.887.88
2003-047.867.977.857.9912.0312.0311.9512.09
2004-057.927.057.927.7714.1013.1614.1513.78
2005-067.928.287.907.7413.9914.5513.9713.99
2006-078.068.057.997.8317.1417.3717.0717.27
2007-087.667.388.057.7715.1414.9915.5615.49
2008-093.094.312.912.2412.5615.2012.3611.87
2009-107.866.867.867.5315.4615.5115.4615.35
2010-118.508.037.967.8319.9218.5619.3519.84
2011-125.245.225.455.0014.4314.4514.6514.59
2012-135.465.425.144.5413.8213.5213.4913.23
2013-146.396.056.315.9812.9712.6112.8912.91
2014-157.417.157.487.5310.9911.0111.0610.92
2015-168.008.037.998.0210.469.3010.4810.79
2016-178.267.978.278.2111.7611.0611.7812.02
2017-186.806.236.876.7411.0311.0311.1111.13
2018-196.455.816.486.2310.5910.7710.6010.39
2019-203.873.943.993.566.377.026.496.19
2020-21-5.83-4.19-6.23-7.88-1.36-1.05-1.74-2.95
2021-229.058.808.328.6318.3617.8717.5718.02
2022-237.247.017.267.3716.0615.4116.0617.20

Per capita growth (2011-12 series)

Year Per capita Growth rate (%) at 2011-12 prices Per capita Growth rate (%) at current prices (%)
GDPGNINNIGDP GNINNI
1951-521.561.682.084.934.954.91
1952-530.410.461.33-4.03-4.04-3.96
1953-544.484.515.057.347.378.24
1954-552.812.754.66-7.49-7.19-6.92
1955-561.491.611.640.350.000.00
1956-573.233.203.5716.4916.5517.10
1957-58-2.26-2.30-2.570.901.210.63
1958-595.105.065.159.258.969.15
1959-600.670.540.573.283.293.18
1960-613.493.453.867.417.167.56
1961-621.581.481.273.693.713.39
1962-630.640.580.515.235.015.04
1963-643.563.583.8112.1912.2712.47
1964-655.195.105.1414.0814.1714.29
1965-66-4.75-4.80-5.313.173.192.80
1966-67-2.11-2.09-2.4510.9410.6510.53
1967-685.495.405.4914.4814.6014.78
1968-691.011.070.943.503.523.43
1969-704.244.244.337.677.727.47
1970-712.902.912.504.594.503.73
1971-72-0.80-0.77-0.894.394.534.34
1972-73-2.76-2.71-3.097.857.797.73
1973-740.931.000.9918.8719.0919.09
1974-75-1.02-0.91-1.2515.5315.6014.92
1975-766.656.747.064.854.954.19
1976-77-0.46-0.44-0.765.485.505.50
1977-784.864.935.2010.8010.8311.30
1978-793.433.453.585.976.055.87
1979-80-7.51-7.36-8.107.027.326.35
1980-814.364.404.5416.3916.5316.80
1981-824.043.923.9815.2815.0614.64
1982-831.130.840.689.338.938.53
1983-845.055.045.2914.0313.9314.42
1984-851.591.451.219.649.489.05
1985-863.013.042.9810.4310.499.85
1986-872.612.582.499.589.499.41
1987-881.731.561.3011.2111.0310.67
1988-897.297.067.4616.1115.7715.93
1989-903.773.763.7612.5312.3912.25
1990-913.393.203.0914.4314.2414.29
1991-92-0.95-0.99-1.4812.6712.4211.57
1992-933.553.603.5912.8312.8212.87
1993-942.402.552.6112.5012.6713.04
1994-954.554.604.6414.9815.1115.22
1995-965.485.485.6315.0515.2215.34
1996-975.515.625.7413.5013.7213.78
1997-982.102.282.018.718.808.53
1998-994.134.134.0812.4712.4812.86
1999-006.896.876.9610.1710.2410.06
2000-012.011.741.445.735.425.02
2001-022.712.852.686.016.225.96
2002-032.232.352.206.036.246.24
2003-046.256.246.3710.3610.2810.42
2004-056.246.246.0812.3212.3612.00
2005-066.276.246.0912.2412.2212.24
2006-076.526.456.2915.4715.3915.59
2007-086.156.536.2613.5213.9313.87
2008-091.661.480.8311.0010.8110.32
2009-106.396.386.0613.8813.8813.77
2010-117.036.516.3818.3017.7418.22
2011-122.312.512.0811.2411.4611.39
2012-134.183.863.2712.4412.1111.85
2013-145.024.954.6311.5211.4411.46
2014-156.056.126.179.599.669.52
2015-166.656.656.679.089.119.41
2016-176.926.946.8810.3810.4010.64
2017-185.585.655.529.779.849.86
2018-195.415.435.199.519.529.31
2019-202.792.912.485.265.385.08
2020-21-6.83-7.22-8.86-2.41-2.79-3.99
2021-228.007.287.5917.2216.4416.89
2022-236.136.156.2514.8614.8615.99
  • GDP growth
  • GDP per capita growth

Projections by IMF

Year GDP Growth rate(%)
20236.332
20246.293
20256.327
20266.316
20276.349
20286.263

Estimates by World Bank

Year Growth rate (%) Rank/Total
GrowthPer capita growth GDPGDP per capita
19613.7231.36057/9256/92
19622.9310.57972/9672/96
19635.9943.57540/9642/96
19647.4535.00832/9633/96
1965-2.636-4.78892/9692/96
1966-0.055-2.18388/10286/102
19677.8265.55521/10517/105
19683.3881.17075/10676/106
19696.5404.21845/10849/108
19705.1572.85963/10563/105
19711.643-0.58694/11694/116
1972-0.553-2.744103/116105/116
19733.2960.99682/11681/116
19741.185-1.07499/116103/116
19759.1506.73414/11817/118
19761.663-0.55897/12097/120
19777.2554.91234/12237/122
19785.7133.39958/12866/128
1979-5.238-7.322122/128119/128
19806.7364.34935/12939/129
19816.0063.62135/14142/141
19823.4761.16345/14654/146
19837.2894.89314/14915/149
19843.8211.49873/14979/149
19855.2542.91438/15147/151
19864.7772.46155/15262/152
19873.9651.69264/15670/156
19889.6287.25922/15929/159
19895.9473.67436/16145/161
19905.5333.29842/16253/162
19911.057-1.045106/170105/170
19925.4823.31749/17150/171
19934.7512.62755/17462/174
19946.6594.52532/17540/175
19957.5745.45325/17735/177
19967.5505.47131/18740/187
19974.0502.072105/187111/187
19986.1844.19938/18950/189
19998.8466.85117/18919/189
20003.8411.966109/190123/190
20014.8242.94553/19462/194
20023.8041.97685/19583/195
20037.8606.01732/20035/200
20047.9236.13339/20047/200
20057.9236.20633/20138/201
20068.0616.42640/20143/201
20077.6616.09451/20253/202
20083.0871.631120/202111/202
20097.8626.37217/2059/205
20108.4987.01322/20523/205
20115.2413.81871/20572/205
20125.4564.06154/20549/205
20136.3865.01533/20527/205
20147.4106.08616/20713/207
20157.9966.7219/2069/206
20168.2566.9819/2058/205
20176.7955.56821/20620/206
20186.4545.30221/20720/207
20193.8712.81279/20670/206
2020-5.831-6.726129/206126/205
20219.0508.18430/20137/201
20227.0036.27732/18329/183