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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
