Gross capital formation in India
India: Gross capital formation was 1.21 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
1.21 trillion constant 2015 US$
Change on year
up 6.5%
World rank
4th
of 163 countries
All-time high
1.21 trillion constant 2015 US$
in 2025
All-time low
18.94 billion constant 2015 US$
in 1961
Years of data
66
1960–2025
Gross capital formation in India, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in India is 1.21 trillion constant 2015 US$, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 78.6% over ten years.
Over the whole period, gross capital formation in India peaked at 1.21 trillion constant 2015 US$ in 2025 and was at its lowest, 18.94 billion constant 2015 US$, in 1961.
That places India 4th out of 163 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in India, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 19.14 billion constant 2015 US$ | — |
| 1961 | 18.94 billion constant 2015 US$ | -1.0% |
| 1962 | 21.63 billion constant 2015 US$ | +14.2% |
| 1963 | 23.23 billion constant 2015 US$ | +7.4% |
| 1964 | 25.65 billion constant 2015 US$ | +10.4% |
| 1965 | 28.31 billion constant 2015 US$ | +10.4% |
| 1966 | 29.66 billion constant 2015 US$ | +4.7% |
| 1967 | 28.43 billion constant 2015 US$ | -4.2% |
| 1968 | 27.84 billion constant 2015 US$ | -2.1% |
| 1969 | 30.91 billion constant 2015 US$ | +11.0% |
| 1970 | 30.86 billion constant 2015 US$ | -0.2% |
| 1971 | 33.44 billion constant 2015 US$ | +8.4% |
| 1972 | 31.91 billion constant 2015 US$ | -4.6% |
| 1973 | 38.11 billion constant 2015 US$ | +19.4% |
| 1974 | 36.15 billion constant 2015 US$ | -5.1% |
| 1975 | 32.51 billion constant 2015 US$ | -10.1% |
| 1976 | 38.46 billion constant 2015 US$ | +18.3% |
| 1977 | 44.85 billion constant 2015 US$ | +16.6% |
| 1978 | 53.37 billion constant 2015 US$ | +19.0% |
| 1979 | 47.16 billion constant 2015 US$ | -11.6% |
| 1980 | 51.20 billion constant 2015 US$ | +8.6% |
| 1981 | 48.40 billion constant 2015 US$ | -5.5% |
| 1982 | 49.85 billion constant 2015 US$ | +3.0% |
| 1983 | 53.23 billion constant 2015 US$ | +6.8% |
| 1984 | 55.91 billion constant 2015 US$ | +5.0% |
| 1985 | 60.37 billion constant 2015 US$ | +8.0% |
| 1986 | 62.53 billion constant 2015 US$ | +3.6% |
| 1987 | 70.77 billion constant 2015 US$ | +13.2% |
| 1988 | 79.48 billion constant 2015 US$ | +12.3% |
| 1989 | 85.94 billion constant 2015 US$ | +8.1% |
| 1990 | 102.00 billion constant 2015 US$ | +18.7% |
| 1991 | 85.15 billion constant 2015 US$ | -16.5% |
| 1992 | 96.16 billion constant 2015 US$ | +12.9% |
| 1993 | 98.37 billion constant 2015 US$ | +2.3% |
| 1994 | 117.53 billion constant 2015 US$ | +19.5% |
| 1995 | 126.68 billion constant 2015 US$ | +7.8% |
| 1996 | 127.83 billion constant 2015 US$ | +0.9% |
| 1997 | 146.85 billion constant 2015 US$ | +14.9% |
| 1998 | 152.40 billion constant 2015 US$ | +3.8% |
| 1999 | 179.28 billion constant 2015 US$ | +17.6% |
| 2000 | 169.37 billion constant 2015 US$ | -5.5% |
| 2001 | 177.10 billion constant 2015 US$ | +4.6% |
| 2002 | 190.49 billion constant 2015 US$ | +7.6% |
| 2003 | 220.41 billion constant 2015 US$ | +15.7% |
| 2004 | 281.09 billion constant 2015 US$ | +27.5% |
| 2005 | 335.27 billion constant 2015 US$ | +19.3% |
| 2006 | 369.25 billion constant 2015 US$ | +10.1% |
| 2007 | 459.37 billion constant 2015 US$ | +24.4% |
| 2008 | 423.74 billion constant 2015 US$ | -7.8% |
| 2009 | 478.17 billion constant 2015 US$ | +12.8% |
| 2010 | 574.38 billion constant 2015 US$ | +20.1% |
| 2011 | 586.90 billion constant 2015 US$ | +2.2% |
| 2012 | 627.65 billion constant 2015 US$ | +6.9% |
| 2013 | 594.70 billion constant 2015 US$ | -5.2% |
| 2014 | 631.18 billion constant 2015 US$ | +6.1% |
| 2015 | 675.60 billion constant 2015 US$ | +7.0% |
| 2016 | 741.75 billion constant 2015 US$ | +9.8% |
| 2017 | 849.04 billion constant 2015 US$ | +14.5% |
| 2018 | 901.29 billion constant 2015 US$ | +6.2% |
| 2019 | 846.90 billion constant 2015 US$ | -6.0% |
| 2020 | 757.49 billion constant 2015 US$ | -10.6% |
| 2021 | 949.86 billion constant 2015 US$ | +25.4% |
| 2022 | 982.69 billion constant 2015 US$ | +3.5% |
| 2023 | 1.07 trillion constant 2015 US$ | +8.7% |
| 2024 | 1.13 trillion constant 2015 US$ | +6.1% |
| 2025 | 1.21 trillion constant 2015 US$ | +6.5% |
India compared with similar countries
- India's 1.21 trillion constant 2015 US$ is above the median for lower middle income countries, which is 5.34 billion constant 2015 US$, 226.0× the median. (42 countries reporting)
- India's 1.21 trillion constant 2015 US$ is above the median for South Asia, which is 18.15 billion constant 2015 US$, 66.5× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.37 billion constant 2015 US$ | 18.94 billion constant 2015 US$ | 30.91 billion constant 2015 US$ | 10 |
| 1970s | 38.68 billion constant 2015 US$ | 30.86 billion constant 2015 US$ | 53.37 billion constant 2015 US$ | 10 |
| 1980s | 61.77 billion constant 2015 US$ | 48.40 billion constant 2015 US$ | 85.94 billion constant 2015 US$ | 10 |
| 1990s | 123.23 billion constant 2015 US$ | 85.15 billion constant 2015 US$ | 179.28 billion constant 2015 US$ | 10 |
| 2000s | 310.43 billion constant 2015 US$ | 169.37 billion constant 2015 US$ | 478.17 billion constant 2015 US$ | 10 |
| 2010s | 702.94 billion constant 2015 US$ | 574.38 billion constant 2015 US$ | 901.29 billion constant 2015 US$ | 10 |
| 2020s | 1.02 trillion constant 2015 US$ | 757.49 billion constant 2015 US$ | 1.21 trillion constant 2015 US$ | 6 |
Countries ranked near India
- 1 China 7.36 trillion constant 2015 US$ compare
- 2 United States 5.12 trillion constant 2015 US$ compare
- 3 Japan 1.24 trillion constant 2015 US$ compare
- 5 Germany 771.95 billion constant 2015 US$ compare
- 6 United Kingdom 664.58 billion constant 2015 US$ compare
- 7 France 589.63 billion constant 2015 US$ 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$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in India?
- Gross capital formation in India was 1.21 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in India?
- The highest recorded value was 1.21 trillion constant 2015 US$ in 2025.
- What is the lowest gross capital formation recorded in India?
- The lowest recorded value was 18.94 billion constant 2015 US$ in 1961.
- How does India rank for gross capital formation?
- India ranks 4th out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in India?
- Over the last ten years it is up 78.6%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.