GDP Deflator — Value Standard Local Currency, 2015 prices, annual in India
India: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 3.2 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in India, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in India stood at 3.2 % change on previous year.
Compared with earlier readings it is up 140.0% on the previous year and down 3.9% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in India peaked at 17.83 % change on previous year in 1973 and was at its lowest, -1.65 % change on previous year, in 1975.
India ranks 119th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 5.32 % change on previous year | — |
| 1972 | 10.84 % change on previous year | +103.6% |
| 1973 | 17.83 % change on previous year | +64.5% |
| 1974 | 16.67 % change on previous year | -6.5% |
| 1975 | -1.65 % change on previous year | -109.9% |
| 1976 | 5.98 % change on previous year | -462.8% |
| 1977 | 5.64 % change on previous year | -5.8% |
| 1978 | 2.46 % change on previous year | -56.4% |
| 1979 | 15.73 % change on previous year | +539.3% |
| 1980 | 11.51 % change on previous year | -26.8% |
| 1981 | 10.83 % change on previous year | -5.9% |
| 1982 | 8.1 % change on previous year | -25.2% |
| 1983 | 8.55 % change on previous year | +5.6% |
| 1984 | 7.92 % change on previous year | -7.4% |
| 1985 | 7.19 % change on previous year | -9.2% |
| 1986 | 6.79 % change on previous year | -5.6% |
| 1987 | 9.33 % change on previous year | +37.4% |
| 1988 | 8.23 % change on previous year | -11.7% |
| 1989 | 8.44 % change on previous year | +2.5% |
| 1990 | 10.67 % change on previous year | +26.4% |
| 1991 | 13.75 % change on previous year | +28.9% |
| 1992 | 8.97 % change on previous year | -34.8% |
| 1993 | 9.86 % change on previous year | +10.0% |
| 1994 | 9.98 % change on previous year | +1.2% |
| 1995 | 9.06 % change on previous year | -9.2% |
| 1996 | 7.57 % change on previous year | -16.4% |
| 1997 | 6.48 % change on previous year | -14.5% |
| 1998 | 8.01 % change on previous year | +23.7% |
| 1999 | 3.07 % change on previous year | -61.7% |
| 2000 | 3.64 % change on previous year | +18.8% |
| 2001 | 3.22 % change on previous year | -11.8% |
| 2002 | 3.72 % change on previous year | +15.6% |
| 2003 | 3.87 % change on previous year | +4.1% |
| 2004 | 5.73 % change on previous year | +48.0% |
| 2005 | 5.62 % change on previous year | -1.8% |
| 2006 | 8.4 % change on previous year | +49.4% |
| 2007 | 6.94 % change on previous year | -17.3% |
| 2008 | 9.19 % change on previous year | +32.4% |
| 2009 | 7.04 % change on previous year | -23.4% |
| 2010 | 10.53 % change on previous year | +49.5% |
| 2011 | 8.73 % change on previous year | -17.0% |
| 2012 | 7.93 % change on previous year | -9.2% |
| 2013 | 6.19 % change on previous year | -22.0% |
| 2014 | 3.33 % change on previous year | -46.1% |
| 2015 | 2.28 % change on previous year | -31.6% |
| 2016 | 3.24 % change on previous year | +42.0% |
| 2017 | 3.97 % change on previous year | +22.6% |
| 2018 | 3.88 % change on previous year | -2.2% |
| 2019 | 2.41 % change on previous year | -38.1% |
| 2020 | 4.81 % change on previous year | +100.2% |
| 2021 | 8.36 % change on previous year | +73.5% |
| 2022 | 6.75 % change on previous year | -19.2% |
| 2023 | 1.33 % change on previous year | -80.2% |
| 2024 | 3.2 % change on previous year | +140.0% |
India compared with similar countries
- India's 3.2 % change on previous year is below the median for lower middle income countries, which is 4.74 % change on previous year, 68% of the median. (41 countries reporting)
- India's 3.2 % change on previous year is below the median for South Asia, which is 3.52 % change on previous year, 91% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +539.3% | 2.46 % change on previous year | 15.73 % change on previous year |
| 1976 | +462.8% | -1.65 % change on previous year | 5.98 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.76 % change on previous year | -1.65 % change on previous year | 17.83 % change on previous year | 9 |
| 1980s | 8.69 % change on previous year | 6.79 % change on previous year | 11.51 % change on previous year | 10 |
| 1990s | 8.74 % change on previous year | 3.07 % change on previous year | 13.75 % change on previous year | 10 |
| 2000s | 5.74 % change on previous year | 3.22 % change on previous year | 9.19 % change on previous year | 10 |
| 2010s | 5.25 % change on previous year | 2.28 % change on previous year | 10.53 % change on previous year | 10 |
| 2020s | 4.89 % change on previous year | 1.33 % change on previous year | 8.36 % change on previous year | 5 |
Countries ranked near India
- 116 Namibia 3.25 % change on previous year compare
- 117 Singapore 3.24 % change on previous year compare
- 118 Malta 3.23 % change on previous year compare
- 120 Cook Islands 3.18 % change on previous year compare
- 121 Greece 3.15 % change on previous year compare
- 122 Andorra 3.14 % change on previous year compare
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 gdp deflator — value standard local currency, 2015 prices, annual in India?
- Gdp deflator — value standard local currency, 2015 prices, annual in India was 3.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in India?
- The highest recorded value was 17.83 % change on previous year in 1973.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in India?
- The lowest recorded value was -1.65 % change on previous year in 1975.
- How does India rank for gdp deflator — value standard local currency, 2015 prices, annual?
- India ranks 119th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in India?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.