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 (April 2024)
Date26 Apr 2024

According to the IMF World Economic Outlook (April 2024), India's GDP growth rate in 2024 is projected at 6.808%. India is at 8th position out of 195 economies. With a 7.827% expansion in 2023, India is at the 8th position. It is second fastest growing Asian economy.

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 2023-24 is estimated at 7.58 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 9.05%, India has recorded the 3rd lowest nominal growth rate since year 2011-12.

In the 2011-12 series, the average growth rate from 1951 to 2023 stands at 5.03%, 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 3.1%, 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(%)
20237.827
20246.808
20256.458
20266.467
20276.477
20286.486
20296.495

Estimates by World Bank

Year Growth rate (%) Rank/Total
GrowthPer capita growth GDPGDP per capita
19613.7231.36057/9356/93
19622.9310.57973/9673/96
19635.9943.57540/9642/96
19647.4535.00832/9633/96
1965-2.636-4.78892/9692/96
1966-0.055-2.18387/10285/102
19677.8265.55521/10517/105
19683.3881.17076/10677/106
19696.5404.21844/10848/108
19705.1572.85963/10664/106
19711.643-0.58695/11795/117
1972-0.553-2.744104/117106/117
19733.2960.99683/11782/117
19741.185-1.074100/117104/117
19759.1506.73414/11917/119
19761.663-0.55898/12198/121
19777.2554.91234/12337/123
19785.7133.39958/12966/129
1979-5.238-7.322123/129120/129
19806.7364.34936/13039/130
19816.0063.62135/14242/142
19823.4761.16345/14654/146
19837.2894.89314/14915/149
19843.8211.49873/14979/149
19855.2542.91438/15247/152
19864.7772.46155/15362/153
19873.9651.69264/15770/157
19889.6287.25922/16029/160
19895.9473.67437/16246/162
19905.5333.29842/16354/163
19911.057-1.045106/172105/172
19925.4823.31751/17352/173
19934.7512.62756/17663/176
19946.6594.52533/17741/177
19957.5745.45326/17937/179
19967.5505.47132/18941/189
19974.0502.072106/189111/189
19986.1844.19939/19152/191
19998.8466.85117/19118/191
20003.8411.966111/192125/192
20014.8242.94554/19664/196
20023.8041.97686/19785/197
20037.8606.01732/20236/202
20047.9236.13340/20248/202
20057.9236.20633/20340/203
20068.0616.42640/20344/203
20077.6616.09449/20454/204
20083.0871.631121/204113/204
20097.8626.37217/2079/207
20108.4987.01322/20722/207
20115.2413.81872/20773/207
20125.4564.06155/20750/207
20136.3865.01533/20727/207
20147.4106.08618/20913/209
20157.9966.7219/2098/209
20168.2566.9817/2087/208
20176.7955.56824/20922/209
20186.4545.30221/21021/210
20193.8712.81278/20968/209
2020-5.831-6.726129/209128/208
20219.0508.18432/20741/206
20227.2406.51334/19534/194
  • 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
2023-247.586.917.607.719.058.198.959.05

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
2023-246.656.676.778.118.018.11