According to the IMF World Economic Outlook (April 2024), India's nominal GDP in 2024 is projected at $3,937 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 3.59% 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 3.59 percent in 2024.

India is in 3rd position after China and Japan among Asian Countries. India shares around 9.84% of the total of Asia's GDP (nominal).

Based on PPP, India's economy in 2024 is projected at 14,594 billion international dollars, 3rd highest in the world, behind the United States and China. India contributes 7.86% of the entire world's gdp (ppp). India shares almost 16 percent of the total of Asia's GDP (PPP). The gross domestic product (GDP) of India at purchasing power parity (PPP) is 3.71 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 ₹ 172.90 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 7.58 percent. Nominal GDP or GDP at current prices in the year 2023-24 is estimated to attain a level of ₹ 293.90 lakh crore against the First Revised Estimates of ₹ 269.50 lakh crore in 2022-23, showing a change of 9.05 percent.

At constant prices, GVA (Gross Value Added), GNI (Gross National Income), and NNI (Net National Income) of India are estimated at ₹ 158.28 lakh crore, ₹ 170.34 lakh crore, and ₹ 148.06 lakh crore, respectively. At current prices, these figures are ₹ 266.78 lakh crore, ₹ 289.58 lakh crore, and ₹ 255.61 lakh crore.

GDP of India has expanded by 34.8 times since 1950-51 and 1.76 times in last ten years.

  • Nominal
  • PPP

Projections by IMF

Year GDP (billions of $/Int. $)
NominalPPP
20233,572.0813,342.45
20243,937.0114,594.46
20254,339.8315,811.02
20264,789.8317,150.84
20275,287.0418,606.54
20285,833.4220,187.96
20296,436.6521,910.06

Estimates by World Bank

Year GDP Nominal (billions of $) GDP PPP (billions Int. $) Share (%) to World Rank/Total
CurrentConstant (2015) CurrentConstant (2017)NominalPPPNominalPPP
196037.03136.37--2.68-8/96-
196139.23141.45--2.71-8/97-
196242.16145.59--2.73-8/98-
196348.42154.32--2.90-7/98-
196456.48165.82--3.08-7/98-
196559.55161.45--2.99-7/108-
196645.87161.36--2.12-8/110-
196750.13173.99--2.17-8/113-
196853.09179.88--2.13-8/115-
196958.45191.65--2.13-8/115-
197062.42201.53--2.07-9/121-
197167.35204.84--2.03-9/123-
197271.46203.71--1.86-9/123-
197385.52210.42--1.84-9/123-
197499.53212.91--1.87-9/124-
197598.47232.40--1.65-11/126-
1976102.72236.26--1.59-12/127-
1977121.49253.40--1.66-11/130-
1978137.30267.88--1.57-11/129-
1979152.99253.84--1.51-11/130-
1980186.33270.94--1.62-12/142-
1981193.49287.22--1.63-11/145-
1982200.72297.20--1.72-9/147-
1983218.26318.86--1.82-9/149-
1984212.16331.04--1.70-9/151-
1985232.51348.44--1.79-9/153-
1986248.99365.08--1.62-10/155-
1987279.03379.56--1.59-10/159-
1988296.59416.10--1.51-11/163-
1989296.04440.85--1.45-13/164-
1990320.98465.241,048.241,583.371.403.5512/1787/162
1991270.11470.161,095.141,600.101.133.5217/1777/164
1992288.21495.941,181.501,687.831.123.6416/1805/167
1993279.30519.501,266.971,768.011.063.7416/1825/168
1994327.28554.091,380.191,885.741.173.8615/1845/170
1995360.28596.061,515.872,028.581.164.0216/1935/180
1996392.90641.061,660.162,181.731.234.1515/1935/180
1997415.87667.021,757.182,270.081.314.1615/1935/181
1998421.35708.271,886.852,410.481.334.3213/1945/181
1999458.82770.922,082.702,623.701.404.5413/1955/182
2000468.40800.532,211.692,724.481.384.4913/1995/188
2001485.44839.152,370.622,855.901.444.5913/2014/189
2002514.94871.072,499.152,964.541.474.6212/2064/190
2003607.70939.542,748.793,197.571.554.8112/2064/190
2004709.151,013.983,046.213,450.911.604.9312/2064/191
2005820.381,094.323,390.673,724.341.715.0913/2064/191
2006940.261,182.533,777.034,024.551.815.1814/2074/192
20071,216.741,273.134,176.284,332.862.085.2912/2074/192
20081,198.901,312.424,387.764,466.601.875.2512/2084/194
20091,341.891,415.614,763.064,817.762.205.6511/2083/195
20101,675.621,535.905,229.915,227.162.515.829/2093/195
20111,823.051,616.405,618.385,501.132.465.8710/2123/196
20121,827.641,704.606,153.165,801.292.426.1111/2103/194
20131,856.721,813.456,477.526,171.772.396.1310/2113/196
20142,039.131,947.836,781.026,629.112.556.1910/2123/195
20152,103.592,103.597,159.807,159.192.796.407/2103/195
20162,294.802,277.277,735.007,750.273.006.657/2103/194
20172,651.472,432.028,276.938,276.933.256.756/2103/194
20182,702.932,588.979,022.948,811.123.126.937/2103/194
20192,835.612,689.219,540.399,152.233.236.956/2103/194
20202,671.602,532.409,101.328,618.563.136.706/2093/193
20213,150.312,761.5910,370.909,398.563.246.895/2073/193
20223,416.652,961.5211,904.8010,079.003.397.155/1943/186

2011-12 series

Year At 2011-12 prices (crore INR) At current prices (crore INR)
GDPGVAGNINNIGDPGVA GNINNI
1950-51496848479210495274448483102229809101819531
1951-5251148949039951050546548610863103561082810136
1952-535249195043155241224807311066310213106389949
1953-5455720353501055654551448911607111211158810941
1954-5558401155772458300554839310977104471094810382
1955-5660291157200960253756749911175106151116510560
1956-5763654460457063596259973613314126721329712647
1957-5863392759726063303959594113710129551369012968
1958-5968077664258767955564043315283144921524814462
1959-6069864465664869648865642316102152221604515212
1960-6173704470313873446669456917633166641756116680
1961-6276448272495776103871959218682175851858417608
1962-6378689074029378293173950920077188031996918917
1963-6483405977777383007278462523058214892294621777
1964-6589622183675989111184275526895251052675025423
1965-6687259880617686716581654028360262872819626714
1966-6787211681438086681881295232106299213187630145
1967-6894036788065493385087662837601351623734335367
1968-6997222690363696601490588439814370813955937441
1969-701035807962522102915196520043836407794356541125
1970-71108922610107771082340101175746817433794653343598
1971-72110712110209821100363102682250120461534982946611
1972-73110099510177301094795101845355245507695494351353
1973-74113727910640511131633105212267241622196691662592
1974-75115075910764031146339106225979378732367908773533
1975-76125605311733271252240116406685212777838495778414
1976-77127694211879921273436117992591812836119157984489
1977-7813695811276734136665512693521040249542610379196177
1978-791447819134698714450291343841112671102558112515104071
1979-801371980127692413714601265522123562111912123715113397
1980-811464394136848114643901352931147063133745147408135470
1981-821552348144546515505041433659172776156592172816158235
1982-831606304148773715999401476733193255174939192621175717
1983-841723386160458017163271587882225074204624224130205347
1984-851789232166814117794061642628252188229798250764228840
1985-861883243173756518734251728209284534256779283105256851
1986-871973197181253719622511808778318366286303316561286935
1987-882051442187660020367441872727361865324562359246324539
1988-892248950206726222279562055937429363387337424867384410
1989-902382703219405623601782178379493278446221487547440563
1990-912514549231001524863532292078576109519792568564513966
1991-922541123234305925116222303954662260599659652183585053
1992-932680438246873826506322431154761196687816749551672722
1993-942807779260899527806632551800875992799472863912777894
1994-95299474727758342967254272396410275709337901014487914377
1995-9632215842978143319201329342981205583109330211920991075501
1996-9734647983215638343643631630371394816127236213817341247350
1997-9836051163353964358198432879151545294141489115320891379581
1998-9938280723578123380349534893181772297163101917573291587676
1999-0041666943864524413929238005601988262181620219728311779304
2000-0143267364024831428691039246982139886195551821171531902148
2001-0245354564241595449969541128582315243212609122951752057006
2002-0347079844406074467625742682302492614229088324759242219107
2003-0450780494757084504342246090812792530256646527718222487363
2004-0554803805092503544293849670903186332290429831639572829998
2005-0659146145514228587293653516243632125332691436060093226040
2006-0763913755958367634238957705654254629390489442213953783068
2007-0868810076398296685274062190654898662449018848781504369214
2008-0970934036674215705219163586445514152517283754812294887836
2009-1076510787131837760631968377196366407597490663284075638126
2010-1183012357704514821181673733847634472708367075526656756720
2011-1287363298106946865950577423308736329810694686595057742330
2012-1392130178546275910466280940019944013920269298272508766345
2013-1498013709063649967902785784171123352210363153110936389897663
2014-1510527674971213310402987922434312467959115042791232052910978238
2015-16113694931049187011234571996368113771874125744991361209512162398
2016-171230819311328285121636191078209215391669139652001521526813623936
2017-181314458212034171129986951150877417090042155056651690523015140418
2018-191399291412733798138404741222601918899668171751281869734416713054
2019-201453464113236100143929001266172220103593183811171991047917746868
2020-211369486912687345134939761166121719854096182109971958740917246821
2021-221502184613876840148279201287213223597399216355842331959020652786
2022-231607142914804901158311331374650226949646246590412657933923439442
2023-241729028115827708170343861480573629389686266776792895837325561438