| 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 |
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.
| Year | GDP (billions of $/Int. $) | |
|---|---|---|
| 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 |
| Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
|---|---|---|---|---|---|---|---|---|
| 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 |
| Year | At 2011-12 prices (crore INR) | At current prices (crore INR) | ||||||
|---|---|---|---|---|---|---|---|---|
| GDP | GVA | GNI | NNI | GDP | GVA | GNI | NNI | |
| 1950-51 | 496848 | 479210 | 495274 | 448483 | 10222 | 9809 | 10181 | 9531 |
| 1951-52 | 511489 | 490399 | 510505 | 465486 | 10863 | 10356 | 10828 | 10136 |
| 1952-53 | 524919 | 504315 | 524122 | 480731 | 10663 | 10213 | 10638 | 9949 |
| 1953-54 | 557203 | 535010 | 556545 | 514489 | 11607 | 11121 | 11588 | 10941 |
| 1954-55 | 584011 | 557724 | 583005 | 548393 | 10977 | 10447 | 10948 | 10382 |
| 1955-56 | 602911 | 572009 | 602537 | 567499 | 11175 | 10615 | 11165 | 10560 |
| 1956-57 | 636544 | 604570 | 635962 | 599736 | 13314 | 12672 | 13297 | 12647 |
| 1957-58 | 633927 | 597260 | 633039 | 595941 | 13710 | 12955 | 13690 | 12968 |
| 1958-59 | 680776 | 642587 | 679555 | 640433 | 15283 | 14492 | 15248 | 14462 |
| 1959-60 | 698644 | 656648 | 696488 | 656423 | 16102 | 15222 | 16045 | 15212 |
| 1960-61 | 737044 | 703138 | 734466 | 694569 | 17633 | 16664 | 17561 | 16680 |
| 1961-62 | 764482 | 724957 | 761038 | 719592 | 18682 | 17585 | 18584 | 17608 |
| 1962-63 | 786890 | 740293 | 782931 | 739509 | 20077 | 18803 | 19969 | 18917 |
| 1963-64 | 834059 | 777773 | 830072 | 784625 | 23058 | 21489 | 22946 | 21777 |
| 1964-65 | 896221 | 836759 | 891111 | 842755 | 26895 | 25105 | 26750 | 25423 |
| 1965-66 | 872598 | 806176 | 867165 | 816540 | 28360 | 26287 | 28196 | 26714 |
| 1966-67 | 872116 | 814380 | 866818 | 812952 | 32106 | 29921 | 31876 | 30145 |
| 1967-68 | 940367 | 880654 | 933850 | 876628 | 37601 | 35162 | 37343 | 35367 |
| 1968-69 | 972226 | 903636 | 966014 | 905884 | 39814 | 37081 | 39559 | 37441 |
| 1969-70 | 1035807 | 962522 | 1029151 | 965200 | 43836 | 40779 | 43565 | 41125 |
| 1970-71 | 1089226 | 1010777 | 1082340 | 1011757 | 46817 | 43379 | 46533 | 43598 |
| 1971-72 | 1107121 | 1020982 | 1100363 | 1026822 | 50120 | 46153 | 49829 | 46611 |
| 1972-73 | 1100995 | 1017730 | 1094795 | 1018453 | 55245 | 50769 | 54943 | 51353 |
| 1973-74 | 1137279 | 1064051 | 1131633 | 1052122 | 67241 | 62219 | 66916 | 62592 |
| 1974-75 | 1150759 | 1076403 | 1146339 | 1062259 | 79378 | 73236 | 79087 | 73533 |
| 1975-76 | 1256053 | 1173327 | 1252240 | 1164066 | 85212 | 77783 | 84957 | 78414 |
| 1976-77 | 1276942 | 1187992 | 1273436 | 1179925 | 91812 | 83611 | 91579 | 84489 |
| 1977-78 | 1369581 | 1276734 | 1366655 | 1269352 | 104024 | 95426 | 103791 | 96177 |
| 1978-79 | 1447819 | 1346987 | 1445029 | 1343841 | 112671 | 102558 | 112515 | 104071 |
| 1979-80 | 1371980 | 1276924 | 1371460 | 1265522 | 123562 | 111912 | 123715 | 113397 |
| 1980-81 | 1464394 | 1368481 | 1464390 | 1352931 | 147063 | 133745 | 147408 | 135470 |
| 1981-82 | 1552348 | 1445465 | 1550504 | 1433659 | 172776 | 156592 | 172816 | 158235 |
| 1982-83 | 1606304 | 1487737 | 1599940 | 1476733 | 193255 | 174939 | 192621 | 175717 |
| 1983-84 | 1723386 | 1604580 | 1716327 | 1587882 | 225074 | 204624 | 224130 | 205347 |
| 1984-85 | 1789232 | 1668141 | 1779406 | 1642628 | 252188 | 229798 | 250764 | 228840 |
| 1985-86 | 1883243 | 1737565 | 1873425 | 1728209 | 284534 | 256779 | 283105 | 256851 |
| 1986-87 | 1973197 | 1812537 | 1962251 | 1808778 | 318366 | 286303 | 316561 | 286935 |
| 1987-88 | 2051442 | 1876600 | 2036744 | 1872727 | 361865 | 324562 | 359246 | 324539 |
| 1988-89 | 2248950 | 2067262 | 2227956 | 2055937 | 429363 | 387337 | 424867 | 384410 |
| 1989-90 | 2382703 | 2194056 | 2360178 | 2178379 | 493278 | 446221 | 487547 | 440563 |
| 1990-91 | 2514549 | 2310015 | 2486353 | 2292078 | 576109 | 519792 | 568564 | 513966 |
| 1991-92 | 2541123 | 2343059 | 2511622 | 2303954 | 662260 | 599659 | 652183 | 585053 |
| 1992-93 | 2680438 | 2468738 | 2650632 | 2431154 | 761196 | 687816 | 749551 | 672722 |
| 1993-94 | 2807779 | 2608995 | 2780663 | 2551800 | 875992 | 799472 | 863912 | 777894 |
| 1994-95 | 2994747 | 2775834 | 2967254 | 2723964 | 1027570 | 933790 | 1014487 | 914377 |
| 1995-96 | 3221584 | 2978143 | 3192013 | 2934298 | 1205583 | 1093302 | 1192099 | 1075501 |
| 1996-97 | 3464798 | 3215638 | 3436436 | 3163037 | 1394816 | 1272362 | 1381734 | 1247350 |
| 1997-98 | 3605116 | 3353964 | 3581984 | 3287915 | 1545294 | 1414891 | 1532089 | 1379581 |
| 1998-99 | 3828072 | 3578123 | 3803495 | 3489318 | 1772297 | 1631019 | 1757329 | 1587676 |
| 1999-00 | 4166694 | 3864524 | 4139292 | 3800560 | 1988262 | 1816202 | 1972831 | 1779304 |
| 2000-01 | 4326736 | 4024831 | 4286910 | 3924698 | 2139886 | 1955518 | 2117153 | 1902148 |
| 2001-02 | 4535456 | 4241595 | 4499695 | 4112858 | 2315243 | 2126091 | 2295175 | 2057006 |
| 2002-03 | 4707984 | 4406074 | 4676257 | 4268230 | 2492614 | 2290883 | 2475924 | 2219107 |
| 2003-04 | 5078049 | 4757084 | 5043422 | 4609081 | 2792530 | 2566465 | 2771822 | 2487363 |
| 2004-05 | 5480380 | 5092503 | 5442938 | 4967090 | 3186332 | 2904298 | 3163957 | 2829998 |
| 2005-06 | 5914614 | 5514228 | 5872936 | 5351624 | 3632125 | 3326914 | 3606009 | 3226040 |
| 2006-07 | 6391375 | 5958367 | 6342389 | 5770565 | 4254629 | 3904894 | 4221395 | 3783068 |
| 2007-08 | 6881007 | 6398296 | 6852740 | 6219065 | 4898662 | 4490188 | 4878150 | 4369214 |
| 2008-09 | 7093403 | 6674215 | 7052191 | 6358644 | 5514152 | 5172837 | 5481229 | 4887836 |
| 2009-10 | 7651078 | 7131837 | 7606319 | 6837719 | 6366407 | 5974906 | 6328407 | 5638126 |
| 2010-11 | 8301235 | 7704514 | 8211816 | 7373384 | 7634472 | 7083670 | 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 | 15215268 | 13623936 |
| 2017-18 | 13144582 | 12034171 | 12998695 | 11508774 | 17090042 | 15505665 | 16905230 | 15140418 |
| 2018-19 | 13992914 | 12733798 | 13840474 | 12226019 | 18899668 | 17175128 | 18697344 | 16713054 |
| 2019-20 | 14534641 | 13236100 | 14392900 | 12661722 | 20103593 | 18381117 | 19910479 | 17746868 |
| 2020-21 | 13694869 | 12687345 | 13493976 | 11661217 | 19854096 | 18210997 | 19587409 | 17246821 |
| 2021-22 | 15021846 | 13876840 | 14827920 | 12872132 | 23597399 | 21635584 | 23319590 | 20652786 |
| 2022-23 | 16071429 | 14804901 | 15831133 | 13746502 | 26949646 | 24659041 | 26579339 | 23439442 |
| 2023-24 | 17381722 | 15873751 | 17125892 | 14890760 | 29535667 | 26762147 | 29104354 | 25696663 |