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India GDP Annual Growth Rate

India's GDP annual growth rate fell to 6.48% in 2024, down from 9.19% in 2023, according to World Bank. This represents a decrease of 2.71% from the previous year. India has the 19th highest GDP annual growth rate. Within Asia, it ranks 7th out of 47 countries.

India's real GDP rose to $3.48 trillion in 2024, up from $3.27 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 6.48%
2023 9.19%
2022 7.61%
2021 9.69%
2020 -5.78%
2019 3.87%
2018 6.45%
2017 6.8%
2016 8.26%
2015 8%
2014 7.41%
2013 6.39%
2012 5.46%
2011 5.24%
2010 8.5%
2009 7.86%
2008 3.09%
2007 7.66%
2006 8.06%
2005 7.92%
2004 7.92%
2003 7.86%
2002 3.8%
2001 4.82%
2000 3.84%
1999 8.85%
1998 6.18%
1997 4.05%
1996 7.55%
1995 7.57%
1994 6.66%
1993 4.75%
1992 5.48%
1991 1.06%
1990 5.53%
1989 5.95%
1988 9.63%
1987 3.97%
1986 4.78%
1985 5.25%
1984 3.82%
1983 7.29%
1982 3.48%
1981 6.01%
1980 6.74%
1979 -5.24%
1978 5.71%
1977 7.25%
1976 1.66%
1975 9.15%
1974 1.19%
1973 3.3%
1972 -0.55%
1971 1.64%
1970 5.16%
1969 6.54%
1968 3.39%
1967 7.83%
1966 -0.06%
1965 -2.64%
1964 7.45%
1963 5.99%
1962 2.93%
1961 3.72%
India GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in India's total economic output.
Indicator Last Value Prior Value Period
GDP $3.91T $3.64T 2024
GDP Growth Rate (QoQ) 1.7% 2% Jun'25
GDP Growth Rate (YoY) 7.8% 7.4% Jun'25
GDP per Capita $2,396.71 $2,270.91 2024
GDP per Capita PPP $9,817.07 $9,301.76 2024
R&D Expenditure (% GDP) 0.65% 0.66% 2020
Real GDP $3.48T $3.27T 2024