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India Imports (% GDP)

India's imports (% GDP) fell to 23.49% in 2024, down from 23.54% in 2023, according to World Bank. This represents a decrease of 0.05% from the previous year. India has imports (% GDP) lower than the global median (23.49% vs median 45.74%). Compared with the median in Asia, India is lower (23.49% vs regional median 45.37%) and ranks 38th out of 45 countries in Asia.

India's exports (% GDP) fell to 21.18% in 2024, down from 21.45% in 2023.

Yearly Historical Data (1960-2024)

(in %)
Year Imports (% GDP)
2024 23.49%
2023 23.54%
2022 26.82%
2021 24.02%
2020 19.08%
2019 21.24%
2018 23.69%
2017 21.95%
2016 20.92%
2015 22.11%
2014 25.95%
2013 28.41%
2012 31.26%
2011 31.08%
2010 26.85%
2009 25.87%
2008 29.27%
2007 24.89%
2006 24.46%
2005 22.4%
2004 19.64%
2003 15.64%
2002 15.24%
2001 13.43%
2000 13.9%
1999 13.36%
1998 12.68%
1997 11.93%
1996 11.54%
1995 12.02%
1994 10.19%
1993 9.82%
1992 9.59%
1991 8.49%
1990 8.45%
1989 8.15%
1988 7.46%
1987 6.98%
1986 7.02%
1985 7.65%
1984 7.73%
1983 7.85%
1982 8.14%
1981 8.57%
1980 9.25%
1979 8.17%
1978 6.59%
1977 6.26%
1976 6.11%
1975 6.65%
1974 6.02%
1973 4.72%
1972 3.71%
1971 4%
1970 3.88%
1969 4.03%
1968 4.94%
1967 5.95%
1966 6.67%
1965 5.21%
1964 5.68%
1963 5.91%
1962 6.03%
1961 5.96%
1960 6.83%
India Imports (% GDP) : Definition
Imports (% GDP) measures the value of goods and services bought from other countries by India compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $434.44B $431.41B 2024
Annual Imports $697.75B $672.14B 2024
Balance of Trade -$32.1B -$26.5B Sep'25
Exports $36.4B $35.1B Sep'25
Exports (% GDP) 21.18% 21.45% 2024
FDI Inflows (% GDP) 0.71% 0.77% 2024
Imports $68.5B $61.6B Sep'25
Net Trade (Goods & Services, BoP) -$101.03B -$86.33B 2024
Tariff Rate 10.06% 9.86% 2022
Trade (% GDP) 44.67% 44.99% 2024