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This map shows the change in per capita GDP of India from 1820 CE to 2015 CE. All GDP numbers are inflation adjusted to 1990 International Geary-Khamis dollars. Data Source: Tables of Prof. Angus Maddison (2010). The per capita GDP over various years and population data can be downloaded in a spreadsheet from here.
India's gross domestic product (GDP), adjusted for inflation, increased from $266 billion in 1991 to $3.7 trillion in 2023, while its purchasing power parity increased from $1 trillion in 1991 to $13 trillion in 2023. Poverty has declined steeply from 55.1% in 2005–06 to 16.4% in 2019–20. [36]
India began its first few steps during the years 1978-80 when early conditions for SMEs or entrepreneurship were hostile too. 63 million MSMEs in India which contribute 35% to the country's GDP provides employment to 111.4 million persons and accounts for more than 40% of India's exports and are hailed as the ‘growth engines’ of the economy ...
First NDA govt ends, inflation is 3.8%. India's economy is $2.870 trillion (purchasing power parity) accounting for a 4.7% [21] share of world GDP, the fourth largest. [20] 2010 India's economy is $4.002 trillion (purchasing power parity) which accounts for a 4.5% [21] share of world income, the fourth largest in the world in terms of real GDP ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
GDP deflator for year = Real GDP growth on an annual basis is the nominal GDP growth rate adjusted for inflation. It is usually expressed as a percentage. "GDP" may refer to "nominal" or "current" or "historical" GDP, to distinguish it from real GDP. Real GDP is sometimes called "constant" GDP because it is expressed in terms of constant prices.
The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
On average, inflation in India had remained below 7% through the 1950s and 1960s. [25] But, it then accelerated sharply in the 1970s, from 5.5% in 1970–71 to over 20% by 1973–74, due to the international oil crisis. [24] Gandhi declared inflation the gravest of problems in 1974 (at 25.2%) and devised a severe anti-inflation program.