India GDP Trends from 1980 to 2024: A overall increase with some decline Flow

India's GDP changed from approximately $186B 170M in 1980 to $3T 937B in 2024, showing an overall 2014.7% sharply increased during the period.
The lowest GDP was recorded in 1980 at $186B 170M, and the highest in 2024 at $3T 937B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.2%.
For comparison, the average annual growth rate of China was 9.8%, and that of Pakistan was 5.2%.

Overview of India's GDP (1980–2024)

The Gross Domestic Product (GDP) of India recorded a 2014.7% sharply increased from 1980 to 2024.
The average GDP during this period was $1T 171B, and the median was $514B 938M.
GDP fluctuated within a range of $3T 750B, with a standard deviation of $1T 105B.
The average annual change was $77B 92M.


India GDP from 1980 to 2024

The total market value of goods and services produced annually in India.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $186B 170M
    • Highest GDP: 2024, $3T 937B
    • Most Recent GDP: 2024, $3T 937B

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and India's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $2T 835B → $2T 674B
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1T 216B → $1T 341B
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $468B 396M → $485B 440M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $415B 895M → $421B 378M
    • Outcome: increased

    Key Economic Indicators of India (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 186B 170M
    $ 267.17
    $ 581.65
    $ 405B 313M
    6.736 %
    -1.504 %
    17.39 %
    0 %
    696M 828K people
    1981
    $ 193B 153M
    $ 270.95
    $ 659.74
    $ 470B 309M
    6.007 %
    -1.639 %
    17.39 %
    0 %
    712M 869K people
    1982
    $ 200B 35M
    $ 274.33
    $ 708.65
    $ 516B 727M
    3.475 %
    -1.696 %
    17.50 %
    0 %
    729M 169K people
    1983
    $ 218B 218M
    $ 292.58
    $ 772.43
    $ 576B 102M
    7.289 %
    -1.47 %
    16.91 %
    0 %
    745M 827K people
    1984
    $ 211B 843M
    $ 277.68
    $ 812.30
    $ 619B 699M
    3.82 %
    -1.141 %
    18.16 %
    0 %
    762M 895K people
    1985
    $ 233B 520M
    $ 299.29
    $ 862.40
    $ 672B 885M
    5.254 %
    -2.06 %
    20.21 %
    0 %
    780M 242K people
    1986
    $ 248B 398M
    $ 311.32
    $ 901.42
    $ 719B 222M
    4.777 %
    -1.837 %
    19.90 %
    0 %
    797M 879K people
    1987
    $ 278B 864M
    $ 341.86
    $ 939.38
    $ 766B 270M
    3.965 %
    -1.738 %
    21.92 %
    0 %
    815M 716K people
    1988
    $ 294B 479M
    $ 353.21
    $ 1,043.11
    $ 869B 671M
    9.628 %
    -2.446 %
    22.28 %
    0 %
    833M 730K people
    1989
    $ 296B 43M
    $ 347.46
    $ 1,123.84
    $ 957B 523M
    5.947 %
    -2.014 %
    23.63 %
    -5.24 %
    852M 13K people
    1990
    $ 320B 979M
    $ 368.75
    $ 1,204.35
    $ 1T 48B
    5.534 %
    -2.998 %
    25.17 %
    -5.231 %
    870M 452K people
    1991
    $ 270B 105M
    $ 303.85
    $ 1,232.07
    $ 1T 95B
    1.057 %
    -0.433 %
    23.15 %
    -4.874 %
    888M 942K people
    1992
    $ 288B 210M
    $ 317.56
    $ 1,301.95
    $ 1T 181B
    5.483 %
    -1.705 %
    23.22 %
    -4.746 %
    907M 574K people
    1993
    $ 279B 295M
    $ 301.50
    $ 1,367.82
    $ 1T 267B
    4.751 %
    -0.415 %
    23.59 %
    -5.385 %
    926M 351K people
    1994
    $ 327B 275M
    $ 346.23
    $ 1,460.25
    $ 1T 380B
    6.659 %
    -1.03 %
    25.72 %
    -4.446 %
    945M 262K people
    1995
    $ 360B 281M
    $ 373.63
    $ 1,572.15
    $ 1T 515B
    7.574 %
    -1.637 %
    25.71 %
    -3.45 %
    964M 279K people
    1996
    $ 392B 902M
    $ 399.58
    $ 1,688.53
    $ 1T 660B
    7.55 %
    -1.144 %
    24.48 %
    -3.279 %
    983M 281K people
    1997
    $ 415B 895M
    $ 414.93
    $ 1,753.24
    $ 1T 757B
    4.05 %
    -1.323 %
    26.34 %
    -4.871 %
    1B 2M people
    1998
    $ 421B 378M
    $ 412.54
    $ 1,847.38
    $ 1T 886B
    6.184 %
    -0.958 %
    25.23 %
    -6.219 %
    1B 21M people
    1999
    $ 458B 821M
    $ 440.96
    $ 2,001.89
    $ 2T 82B
    8.846 %
    -1.024 %
    29.93 %
    -4.874 %
    1B 40M people