GDP Growth of India

Source Economic Survey (2022-23)
Ministry of Statistics and Programme Implementation
World Bank : Growth, Growth per capita
IMF World Economic Outlook (October 2024)
Date30 Nov 2024

According to the IMF World Economic Outlook (October 2024), India's GDP growth rate in 2024 is projected at 7.021%. India is at 7th position out of 194 economies. With a 8.153% expansion in 2023, India is at the 8th position. It is second fastest growing Asian economy.

As per the World Bank, India was among the top ten growing economies in two years, 2016 (9th out of 208) and 2023 (9th out of 186).

Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2023-24 is estimated at 8.15 percent compared to the growth rate of 6.99 percent in 2022-23. In 2022-23, India has recorded the 2nd highest growth rate in past 7 years.

GDP growth rates at current prices in 2023-24 is 9.60%, India has recorded the 3rd lowest nominal growth rate since year 2003-04.

In the 2011-12 series, the average growth rate in 1951-2024 stands at 5.04%, reaching an all-time high of 9.69% in 2021-22 and a record low of -5.78% in 2020-21. During 6 years, growth was negative.

In the 2011-12 series, the average per capita growth rate in period 1951-2023 stands at 3.11%, 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
  • GDP per capita growth

Projections by IMF

Year GDP Growth rate(%)
20238.153
20247.021
20256.461
20266.470
20276.480
20286.489
20296.498

Estimates by World Bank

Year Growth rate (%) Rank/Total
GrowthPer capita growth GDPGDP per capita
19613.7231.36066/10565/104
19622.9310.57984/11082/109
19635.9943.57545/11048/109
19647.4535.00835/11036/109
1965-2.636-4.788106/110105/109
1966-0.055-2.18399/11596/114
19677.8265.55524/11820/117
19683.3881.17087/11987/118
19696.5404.21850/11956/118
19705.1572.85967/11968/118
19711.643-0.586116/142112/141
1972-0.553-2.744128/142129/141
19733.2960.99696/14295/141
19741.185-1.074120/142123/141
19759.1506.73414/14317/142
19761.663-0.558110/145112/144
19777.2554.91241/14642/145
19785.7133.39966/15172/150
1979-5.238-7.322144/151140/150
19806.7364.34937/15242/151
19816.0063.62139/16145/160
19823.4761.16344/16356/162
19837.2894.89317/16517/164
19843.8211.49882/16585/164
19855.2542.91443/16851/167
19864.7772.46163/16969/168
19873.9651.69273/17179/170
19889.6287.25925/17432/173
19895.9473.67441/17550/175
19905.5333.29845/17657/176
19911.057-1.045114/194111/194
19925.4823.31758/19458/194
19934.7512.62758/19567/195
19946.6594.52538/19548/195
19957.5745.45328/19641/196
19967.5505.47136/19744/197
19974.0502.072109/197115/197
19986.1844.19941/19953/199
19998.8466.85119/19920/199
20003.8411.966114/199128/199
20014.8242.94555/20065/200
20023.8041.97689/20087/200
20037.8606.01732/20436/204
20047.9236.13339/20447/204
20057.9236.20633/20440/204
20068.0616.42640/20444/204
20077.6616.09449/20554/205
20083.0871.631122/205115/205
20097.8626.37217/20810/208
20108.4987.01322/20823/208
20115.2413.81872/20874/208
20125.4564.06157/20853/208
20136.3865.01535/20830/208
20147.4106.08617/20912/209
20157.9966.72111/2098/209
20168.2566.9819/2088/208
20176.7955.56825/20923/209
20186.4545.30220/21021/210
20193.8712.81279/20970/209
2020-5.778-6.673131/209130/208
20219.6908.81934/20836/207
20226.9876.26241/20236/201
20237.5846.7219/1866/179
  • 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
2020-21-5.78-4.15-6.25-7.90-1.24-0.93-1.62-2.82
2021-229.699.389.8910.3818.8518.8119.0519.75
2022-236.996.696.776.7914.2113.9713.9813.49
2023-248.157.228.188.329.608.539.509.63

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
2020-21-6.78-7.24-8.88-2.29-2.67-3.85
2021-228.638.839.3217.7117.9118.60
2022-235.885.665.6913.0212.8012.32
2023-247.217.247.388.648.558.68