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%.
India GDP from 1980 to 2024
The total market value of goods and services produced annually in India.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 6.736 % | $ 186B 170M | $ 405B 313M | $ 267.17 | $ 581.65 | 17.39 % | 696M 828K people | -1.504 % | 0 % |
1981 | 6.007 % | $ 193B 153M | $ 470B 309M | $ 270.95 | $ 659.74 | 17.39 % | 712M 869K people | -1.639 % | 0 % |
1982 | 3.475 % | $ 200B 35M | $ 516B 727M | $ 274.33 | $ 708.65 | 17.50 % | 729M 169K people | -1.696 % | 0 % |
1983 | 7.289 % | $ 218B 218M | $ 576B 102M | $ 292.58 | $ 772.43 | 16.91 % | 745M 827K people | -1.47 % | 0 % |
1984 | 3.82 % | $ 211B 843M | $ 619B 699M | $ 277.68 | $ 812.30 | 18.16 % | 762M 895K people | -1.141 % | 0 % |
1985 | 5.254 % | $ 233B 520M | $ 672B 885M | $ 299.29 | $ 862.40 | 20.21 % | 780M 242K people | -2.06 % | 0 % |
1986 | 4.777 % | $ 248B 398M | $ 719B 222M | $ 311.32 | $ 901.42 | 19.90 % | 797M 879K people | -1.837 % | 0 % |
1987 | 3.965 % | $ 278B 864M | $ 766B 270M | $ 341.86 | $ 939.38 | 21.92 % | 815M 716K people | -1.738 % | 0 % |
1988 | 9.628 % | $ 294B 479M | $ 869B 671M | $ 353.21 | $ 1,043.11 | 22.28 % | 833M 730K people | -2.446 % | 0 % |
1989 | 5.947 % | $ 296B 43M | $ 957B 523M | $ 347.46 | $ 1,123.84 | 23.63 % | 852M 13K people | -2.014 % | -5.24 % |
1990 | 5.534 % | $ 320B 979M | $ 1T 48B | $ 368.75 | $ 1,204.35 | 25.17 % | 870M 452K people | -2.998 % | -5.231 % |
1991 | 1.057 % | $ 270B 105M | $ 1T 95B | $ 303.85 | $ 1,232.07 | 23.15 % | 888M 942K people | -0.433 % | -4.874 % |
1992 | 5.483 % | $ 288B 210M | $ 1T 181B | $ 317.56 | $ 1,301.95 | 23.22 % | 907M 574K people | -1.705 % | -4.746 % |
1993 | 4.751 % | $ 279B 295M | $ 1T 267B | $ 301.50 | $ 1,367.82 | 23.59 % | 926M 351K people | -0.415 % | -5.385 % |
1994 | 6.659 % | $ 327B 275M | $ 1T 380B | $ 346.23 | $ 1,460.25 | 25.72 % | 945M 262K people | -1.03 % | -4.446 % |
1995 | 7.574 % | $ 360B 281M | $ 1T 515B | $ 373.63 | $ 1,572.15 | 25.71 % | 964M 279K people | -1.637 % | -3.45 % |
1996 | 7.55 % | $ 392B 902M | $ 1T 660B | $ 399.58 | $ 1,688.53 | 24.48 % | 983M 281K people | -1.144 % | -3.279 % |
1997 | 4.05 % | $ 415B 895M | $ 1T 757B | $ 414.93 | $ 1,753.24 | 26.34 % | 1B 2M people | -1.323 % | -4.871 % |
1998 | 6.184 % | $ 421B 378M | $ 1T 886B | $ 412.54 | $ 1,847.38 | 25.23 % | 1B 21M people | -0.958 % | -6.219 % |
1999 | 8.846 % | $ 458B 821M | $ 2T 82B | $ 440.96 | $ 2,001.89 | 29.93 % | 1B 40M people | -1.024 % | -4.874 % |