Source | Ministry of Statistics and Programme Implementation : (2004-17), (2011-21) |
World Bank : Nominal, PPP | |
IMF World Economic Outlook (April - 2021) | |
Date | 05 Jun 2021 |
Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2020-21 is estimated at ₹ 135.13 lakh crore, as against the First Revised Estimate of GDP for 2019-20 of ₹ 145.69 lakh crore. The growth in GDP during 2019-20 is estimated at -7.3 percent. Nominal GDP or GDP at current prices in the year 2020-21 is estimated to attain a level of ₹ 197.46 lakh crore against the First Revised Estimates of ₹ 203.51 lakh crore in 2019-20, showing a change of -3.0 percent.
At constant prices, GVA (Gross Value Added), GNI (Gross National Income), and NNI (Net National Income) of India are estimated at ₹ 124.53 lakh crore, ₹ 133.85 lakh crore, and ₹ 117.46 lakh crore, respectively. At current prices, these figures are ₹179.15 lakh crore, ₹195.61 lakh crore, and ₹174.62 lakh crore.
In the new series, figures are available since 2004-05. GDP of India has expanded by 2.47 times since 2004-05.
According to the IMF World Economic Outlook (April - 2021), India's nominal GDP in 2021 is projected at $3,050 billion at current prices. This projection would make India the 6th largest economy globally, one position down compares to the 5th spot in 2019. India attained the highest 5th rank in 2019 and lowest 17th in 1991. India contributes 3.25% 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 3.27 percent in 2019.
India is in 3rd position after China and Japan among Asian Countries. India shares around 9% of the total of Asia's GDP (nominal).
Based on PPP, India's economy in 2021 is projected at 10,207 billion international dollars, 3rd highest in the world, behind the United States and China. India contributes 7.19% of the entire world's gdp (ppp). India shares over 16 percent of the total of Asia's GDP (PPP). The gross domestic product (GDP) of India at purchasing power parity (PPP) is 3.35 times of GDP at nominal.
The Indian economy crossed the $1 billion mark in 2007 and the $2 billion mark in 2014 in nominal terms. In PPP methods, India crossed the one billion mark in 1990. Estimates by the world bank are available since 1960 when the country's gdp was 37 mn USD. 2002-19 is the best period for the Indian economy as India's economy has expanded by 458% in 17 years.
Year | At 2011-12 prices (crore INR) | At current prices (crore INR) | ||||||
---|---|---|---|---|---|---|---|---|
GDP | GVA | GNI | NNI | GDP | GVA | GNI | NNI | |
2004-05 | 5480380 | 5092503 | 5442938 | 4967090 | 3186332 | 2904299 | 3163957 | 2829998 |
2005-06 | 5914614 | 5514228 | 5872936 | 5351624 | 3632125 | 3326914 | 3606009 | 3226040 |
2006-07 | 6391375 | 5958367 | 6342389 | 5770565 | 4254629 | 3904895 | 4221395 | 3783068 |
2007-08 | 6881007 | 6398295 | 6852740 | 6219065 | 4898662 | 4490188 | 4878150 | 4369214 |
2008-09 | 7093403 | 6674215 | 7052191 | 6358644 | 5514152 | 5172838 | 5481229 | 4887836 |
2009-10 | 7651078 | 7131836 | 7606319 | 6837719 | 6366407 | 5974906 | 6328407 | 5638126 |
2010-11 | 8301235 | 7704514 | 8211816 | 7373384 | 7634472 | 7083671 | 7552665 | 6756720 |
2011-12 | 8736329 | 8106946 | 8659505 | 7742330 | 8736329 | 8106946 | 8659505 | 7742330 |
2012-13 | 9213017 | 8546275 | 9104662 | 8094001 | 9944013 | 9202692 | 9827250 | 8766345 |
2013-14 | 9801370 | 9063649 | 9679027 | 8578417 | 11233522 | 10363153 | 11093638 | 9897663 |
2014-15 | 10527674 | 9712133 | 10402987 | 9224343 | 12467959 | 11504279 | 12320529 | 10978238 |
2015-16 | 11369493 | 10491870 | 11234571 | 9963681 | 13771874 | 12574499 | 13612095 | 12162398 |
2016-17 | 12308193 | 11328285 | 12163619 | 10782092 | 15391669 | 13965200 | 15077384 | 13492657 |
2017-18 | 13144582 | 12034171 | 12998695 | 11508774 | 17090042 | 15505665 | 16905230 | 15140418 |
2018-19 | 14003316 | 12744203 | 13850857 | 12240380 | 18886957 | 17161213 | 18684632 | 16704645 |
2019-20 | 14569268 | 13271471 | 14427632 | 12681246 | 20351013 | 18461343 | 20157899 | 17994301 |
2020-21 | 13512740 | 12453430 | 13384612 | 11745872 | 19745670 | 17915167 | 19561348 | 17461759 |
Year | GDP (billions of $/Int. $) | |
---|---|---|
Nominal | PPP | |
2020 | 2,708.77 | 8,907.12 |
2021 | 3,049.70 | 10,207.29 |
2022 | 3,312.95 | 11,161.96 |
2023 | 3,591.03 | 12,192.40 |
2024 | 3,884.73 | 13,280.57 |
2025 | 4,199.01 | 14,438.47 |
2026 | 4,534.34 | 15,670.63 |
Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
---|---|---|---|---|---|---|---|---|
Current | Constant (2010) | Current | Constant (2017) | Nominal | PPP | Nominal | PPP | |
1960 | 37.03 | 148.77 | - | - | 2.67 | - | 8/99 | - |
1961 | 39.23 | 154.31 | - | - | 2.72 | - | 8/100 | - |
1962 | 42.16 | 158.84 | - | - | 2.73 | - | 8/103 | - |
1963 | 48.42 | 168.36 | - | - | 2.91 | - | 7/103 | - |
1964 | 56.48 | 180.90 | - | - | 3.10 | - | 7/103 | - |
1965 | 59.55 | 176.14 | - | - | 3.00 | - | 7/112 | - |
1966 | 45.87 | 176.04 | - | - | 2.13 | - | 8/114 | - |
1967 | 50.13 | 189.81 | - | - | 2.19 | - | 8/117 | - |
1968 | 53.09 | 196.25 | - | - | 2.14 | - | 8/119 | - |
1969 | 58.45 | 209.08 | - | - | 2.14 | - | 8/119 | - |
1970 | 62.42 | 219.86 | - | - | 2.09 | - | 9/125 | - |
1971 | 67.35 | 223.47 | - | - | 2.04 | - | 9/127 | - |
1972 | 71.46 | 222.24 | - | - | 1.88 | - | 9/127 | - |
1973 | 85.52 | 229.56 | - | - | 1.84 | - | 9/127 | - |
1974 | 99.53 | 232.28 | - | - | 1.86 | - | 10/128 | - |
1975 | 98.47 | 253.54 | - | - | 1.65 | - | 12/130 | - |
1976 | 102.72 | 257.75 | - | - | 1.59 | - | 13/131 | - |
1977 | 121.49 | 276.45 | - | - | 1.66 | - | 12/134 | - |
1978 | 137.30 | 292.24 | - | - | 1.59 | - | 12/133 | - |
1979 | 152.99 | 276.94 | - | - | 1.53 | - | 12/134 | - |
1980 | 186.33 | 295.59 | - | - | 1.65 | - | 13/145 | - |
1981 | 193.49 | 313.34 | - | - | 1.65 | - | 12/148 | - |
1982 | 200.72 | 324.24 | - | - | 1.73 | - | 10/149 | - |
1983 | 218.26 | 347.87 | - | - | 1.85 | - | 9/150 | - |
1984 | 212.16 | 361.16 | - | - | 1.73 | - | 9/151 | - |
1985 | 232.51 | 380.14 | - | - | 1.81 | - | 9/153 | - |
1986 | 248.99 | 398.29 | - | - | 1.64 | - | 11/155 | - |
1987 | 279.03 | 414.09 | - | - | 1.61 | - | 10/159 | - |
1988 | 296.59 | 453.95 | - | - | 1.53 | - | 12/162 | - |
1989 | 296.04 | 480.95 | - | - | 1.46 | - | 13/162 | - |
1990 | 320.98 | 507.57 | 1,049.39 | 1,583.37 | 1.41 | 3.58 | 12/176 | 7/161 |
1991 | 270.11 | 512.93 | 1,096.34 | 1,600.10 | 1.13 | 3.55 | 17/171 | 7/163 |
1992 | 288.21 | 541.05 | 1,182.80 | 1,687.83 | 1.13 | 3.66 | 16/175 | 5/166 |
1993 | 279.30 | 566.75 | 1,268.35 | 1,768.01 | 1.08 | 3.76 | 16/178 | 5/167 |
1994 | 327.28 | 604.49 | 1,381.70 | 1,885.74 | 1.18 | 3.89 | 15/182 | 5/169 |
1995 | 360.28 | 650.28 | 1,517.52 | 2,028.58 | 1.17 | 4.04 | 15/191 | 5/179 |
1996 | 392.90 | 699.37 | 1,661.97 | 2,181.73 | 1.24 | 4.18 | 15/191 | 5/179 |
1997 | 415.87 | 727.70 | 1,759.10 | 2,270.08 | 1.32 | 4.18 | 15/191 | 5/181 |
1998 | 421.35 | 772.70 | 1,888.91 | 2,410.48 | 1.34 | 4.35 | 13/193 | 5/181 |
1999 | 458.82 | 841.05 | 2,085.68 | 2,623.70 | 1.41 | 4.57 | 13/195 | 5/182 |
2000 | 468.40 | 873.36 | 2,214.21 | 2,724.48 | 1.39 | 4.52 | 13/200 | 5/189 |
2001 | 485.44 | 915.49 | 2,371.93 | 2,855.90 | 1.45 | 4.62 | 13/200 | 4/190 |
2002 | 514.94 | 950.31 | 2,501.11 | 2,964.54 | 1.48 | 4.65 | 12/205 | 4/191 |
2003 | 607.70 | 1,025.01 | 2,747.80 | 3,197.57 | 1.56 | 4.84 | 12/205 | 4/191 |
2004 | 709.15 | 1,106.22 | 3,045.34 | 3,450.91 | 1.62 | 4.96 | 12/205 | 4/192 |
2005 | 820.38 | 1,193.87 | 3,389.02 | 3,724.34 | 1.73 | 5.12 | 13/205 | 4/192 |
2006 | 940.26 | 1,290.11 | 3,773.02 | 4,024.55 | 1.82 | 5.21 | 14/206 | 4/193 |
2007 | 1,216.74 | 1,388.94 | 4,171.19 | 4,332.86 | 2.10 | 5.32 | 12/206 | 4/193 |
2008 | 1,198.90 | 1,431.81 | 4,383.58 | 4,466.60 | 1.88 | 5.28 | 12/205 | 4/194 |
2009 | 1,341.89 | 1,544.38 | 4,764.25 | 4,817.76 | 2.22 | 5.68 | 11/205 | 3/195 |
2010 | 1,675.62 | 1,675.62 | 5,229.33 | 5,227.16 | 2.53 | 5.85 | 9/206 | 3/195 |
2011 | 1,823.05 | 1,763.44 | 5,618.38 | 5,501.13 | 2.48 | 5.90 | 10/208 | 3/196 |
2012 | 1,827.64 | 1,859.66 | 6,153.16 | 5,801.29 | 2.43 | 6.14 | 11/207 | 3/194 |
2013 | 1,856.72 | 1,978.42 | 6,477.52 | 6,171.77 | 2.40 | 6.17 | 10/208 | 3/196 |
2014 | 2,039.13 | 2,125.02 | 6,781.02 | 6,629.11 | 2.57 | 6.22 | 10/208 | 3/195 |
2015 | 2,103.59 | 2,294.95 | 7,159.80 | 7,159.19 | 2.80 | 6.43 | 7/207 | 3/195 |
2016 | 2,294.80 | 2,484.43 | 7,735.00 | 7,750.27 | 3.00 | 6.68 | 7/206 | 3/194 |
2017 | 2,651.47 | 2,653.25 | 8,276.93 | 8,276.93 | 3.26 | 6.78 | 6/206 | 3/194 |
2018 | 2,701.11 | 2,826.59 | 9,029.38 | 8,817.67 | 3.13 | 6.97 | 7/206 | 3/193 |
2019 | 2,870.50 | 2,940.83 | 9,562.01 | 9,174.04 | 3.28 | 7.07 | 5/199 | 3/192 |
2020 | 2,622.98 | 2,706.60 | 8,907.03 | 8,443.36 | 3.10 | 6.71 | 5/176 | 3/177 |
Year | GDP (crore INR) | |
---|---|---|
2004-05 prices | current prices | |
2013-14 | 5,741,791 | 10,472,807 |
2012-13 | 5,482,111 | 9,388,876 |
2011-12 | 5,247,530 | 8,391,691 |
2010-11 | 4,918,533 | 7,248,860 |
2009-10 | 4,516,071 | 6,108,903 |
2008-09 | 4,158,676 | 5,303,567 |
2007-08 | 3,896,636 | 4,582,086 |
2006-07 | 3,564,364 | 3,953,276 |
2005-06 | 3,253,073 | 3,390,503 |
2004-05 | 2,971,464 | 2,971,464 |
2003-04 | 2,775,749 | 2,625,819 |
2002-03 | 2,570,935 | 2,343,864 |
2001-02 | 2,474,962 | 2,175,260 |
2000-01 | 2,348,481 | 2,000,743 |
1999-00 | 2,254,942 | 1,858,205 |
1998-99 | 2,087,828 | 1,668,739 |
1997-98 | 1,957,032 | 1,447,613 |
1996-97 | 1,876,319 | 1,301,788 |
1995-96 | 1,737,741 | 1,118,586 |
1994-95 | 1,619,694 | 955,386 |
1993-94 | 1,522,344 | 817,961 |
1992-93 | 1,440,504 | 703,723 |
1991-92 | 1,367,171 | 613,528 |
1990-91 | 1,347,889 | 531,814 |
1989-90 | 1,280,228 | 456,540 |
1988-89 | 1,206,243 | 396,295 |
1987-88 | 1,094,993 | 332,068 |
1986-87 | 1,057,612 | 292,924 |
1985-86 | 1,013,866 | 262,717 |
1984-85 | 973,357 | 235,113 |
1983-84 | 936,270 | 209,356 |
1982-83 | 868,092 | 178,985 |
1981-82 | 843,426 | 160,214 |
1980-81 | 798,506 | 136,838 |
1979-80 | 745,083 | 114,500 |
1978-79 | 785,965 | 104,930 |
1977-78 | 744,972 | 97,633 |
1976-77 | 693,191 | 85,545 |
1975-76 | 684,634 | 79,582 |
1974-75 | 628,079 | 74,930 |
1973-74 | 620,872 | 63,658 |
1972-73 | 593,843 | 51,943 |
1971-72 | 595,741 | 47,221 |
1970-71 | 589,787 | 44,382 |
1969-70 | 561,630 | 41,722 |
1968-69 | 527,270 | 37,938 |
1967-68 | 513,860 | 35,976 |
1966-67 | 475,190 | 30,613 |
1965-66 | 470,402 | 26,895 |
1964-65 | 488,247 | 25,686 |
1963-64 | 453,829 | 21,986 |
1962-63 | 431,960 | 19,238 |
1961-62 | 423,011 | 17,992 |
1960-61 | 410,279 | 17,049 |
1959-60 | 383,153 | 15,574 |
1958-59 | 374,948 | 14,827 |
1957-58 | 348,500 | 13,255 |
1956-57 | 352,766 | 12,965 |
1955-56 | 333,766 | 10,861 |
1954-55 | 325,431 | 10,689 |
1953-54 | 312,177 | 11,378 |
1952-53 | 294,267 | 10,449 |
1951-52 | 286,147 | 10,596 |
1950-51 | 279,618 | 10,036 |