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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates .
This is a comparison between Indian states and countries by gross domestic product (PPP). Many of the states of India have large GDP (called gross state product) which would rank highly on a list of countries by GDP. These figures are based on the World Bank list on List of countries by GDP (PPP) for world GDP, and the States of India by size ...
Nearly 70% of India's GDP is driven by domestic consumption; [75] country remains the world's fourth-largest consumer market. [76] Aside private consumption, India's GDP is also fueled by government spending, investments, and exports. [77] In 2022, India was the world's 10th-largest importer and the 8th-largest exporter. [78]
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
For change of GDP per capita over time as a measure of economic growth, see real GDP growth and real GDP per capita growth. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are ...
India's nominal per capita income was US$1,670 per year in 2016, ranked 112th out of 164 countries by the World Bank, [10] while its per capita income on purchasing power parity (PPP) basis was US$5,350, and ranked 106th. [11] Other estimates for per capita gross national income and gross domestic product vary by source.
Source: World Development Indicators: Contribution of natural resources to gross domestic product (2011, source is unavailable) Total natural resources rents (% of GDP) by country, 2013 Oil rents (% of GDP) by country, 2013