Annual growth of imports of goods and services in India
India: Annual growth of imports of goods and services was -3.7% in 2024. ◆ Volatile
Annual growth of imports of goods and services in India, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of imports of goods and services in India is -3.7%, measured in 2024.
Compared with earlier readings it is down 126.7% on the previous year and down 521.8% over ten years.
Over the whole period, annual growth of imports of goods and services in India peaked at 32.3% in 2005 and was at its lowest, -12.6%, in 2020.
That places India 154th out of 176 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in India, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.6% | — |
| 2001 | 2.9% | -35.9% |
| 2002 | 12.0% | +308.2% |
| 2003 | 13.9% | +15.7% |
| 2004 | 22.2% | +59.9% |
| 2005 | 32.3% | +45.4% |
| 2006 | 21.5% | -33.4% |
| 2007 | 9.9% | -53.7% |
| 2008 | 22.4% | +125.6% |
| 2009 | -1.9% | -108.6% |
| 2010 | 15.8% | -919.2% |
| 2011 | 20.4% | +29.1% |
| 2012 | 6.0% | -70.5% |
| 2013 | -8.2% | -235.4% |
| 2014 | 0.9% | -110.7% |
| 2015 | -5.8% | -772.4% |
| 2016 | 4.4% | -174.9% |
| 2017 | 17.4% | +297.7% |
| 2018 | 8.8% | -49.4% |
| 2019 | -0.8% | -109.5% |
| 2020 | -12.6% | +1402.4% |
| 2021 | 22.1% | -275.0% |
| 2022 | 8.9% | -59.6% |
| 2023 | 13.8% | +54.1% |
| 2024 | -3.7% | -126.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.0% | -1.9% | 32.3% | 10 |
| 2010s | 5.9% | -8.2% | 20.4% | 10 |
| 2020s | 5.7% | -12.6% | 22.1% | 5 |
Countries ranked near India
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 35.69 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 24.38 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 39.10 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 44.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0099 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in India?
- Annual growth of imports of goods and services in India was -3.7% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in India?
- The highest recorded value was 32.3% in 2005.
- What is the lowest annual growth of imports of goods and services recorded in India?
- The lowest recorded value was -12.6% in 2020.
- How does India rank for annual growth of imports of goods and services?
- India ranks 154th out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in India?
- Over the last ten years it is down 521.8%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).