Gross Domestic Product — Value Standard Local Currency, annual growth in India
India: Gross Domestic Product — Value Standard Local Currency, annual growth was 9.89 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, annual growth in India, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in India is 9.89 % change on previous year, measured in 2024.
The figure is up 3.1% on the previous year and down 10.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in India peaked at 21.71 % change on previous year in 1973 and was at its lowest, -1.24 % change on previous year, in 2020.
That places India 60th out of 218 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, annual growth in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.06 % change on previous year | — |
| 1972 | 10.23 % change on previous year | +44.9% |
| 1973 | 21.71 % change on previous year | +112.3% |
| 1974 | 18.05 % change on previous year | -16.9% |
| 1975 | 7.35 % change on previous year | -59.3% |
| 1976 | 7.74 % change on previous year | +5.4% |
| 1977 | 13.3 % change on previous year | +71.8% |
| 1978 | 8.31 % change on previous year | -37.5% |
| 1979 | 9.67 % change on previous year | +16.3% |
| 1980 | 19.02 % change on previous year | +96.8% |
| 1981 | 17.48 % change on previous year | -8.1% |
| 1982 | 11.85 % change on previous year | -32.2% |
| 1983 | 16.46 % change on previous year | +38.9% |
| 1984 | 12.05 % change on previous year | -26.8% |
| 1985 | 12.83 % change on previous year | +6.5% |
| 1986 | 11.89 % change on previous year | -7.3% |
| 1987 | 13.66 % change on previous year | +14.9% |
| 1988 | 18.65 % change on previous year | +36.5% |
| 1989 | 14.89 % change on previous year | -20.2% |
| 1990 | 16.79 % change on previous year | +12.8% |
| 1991 | 14.95 % change on previous year | -10.9% |
| 1992 | 14.94 % change on previous year | -0.1% |
| 1993 | 15.08 % change on previous year | +0.9% |
| 1994 | 17.3 % change on previous year | +14.7% |
| 1995 | 17.32 % change on previous year | +0.1% |
| 1996 | 15.7 % change on previous year | -9.4% |
| 1997 | 10.79 % change on previous year | -31.3% |
| 1998 | 14.69 % change on previous year | +36.2% |
| 1999 | 12.19 % change on previous year | -17.1% |
| 2000 | 7.63 % change on previous year | -37.4% |
| 2001 | 8.19 % change on previous year | +7.4% |
| 2002 | 7.66 % change on previous year | -6.5% |
| 2003 | 12.03 % change on previous year | +57.1% |
| 2004 | 14.1 % change on previous year | +17.2% |
| 2005 | 13.99 % change on previous year | -0.8% |
| 2006 | 17.14 % change on previous year | +22.5% |
| 2007 | 15.14 % change on previous year | -11.7% |
| 2008 | 12.56 % change on previous year | -17.0% |
| 2009 | 15.46 % change on previous year | +23.0% |
| 2010 | 19.92 % change on previous year | +28.9% |
| 2011 | 14.43 % change on previous year | -27.5% |
| 2012 | 13.82 % change on previous year | -4.2% |
| 2013 | 12.97 % change on previous year | -6.2% |
| 2014 | 10.99 % change on previous year | -15.3% |
| 2015 | 10.46 % change on previous year | -4.8% |
| 2016 | 11.76 % change on previous year | +12.5% |
| 2017 | 11.03 % change on previous year | -6.2% |
| 2018 | 10.59 % change on previous year | -4.0% |
| 2019 | 6.37 % change on previous year | -39.8% |
| 2020 | -1.24 % change on previous year | -119.5% |
| 2021 | 18.85 % change on previous year | -1619.2% |
| 2022 | 14.21 % change on previous year | -24.7% |
| 2023 | 9.6 % change on previous year | -32.4% |
| 2024 | 9.89 % change on previous year | +3.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2021 | +1619.2% | -1.24 % change on previous year | 18.85 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.49 % change on previous year | 7.06 % change on previous year | 21.71 % change on previous year | 9 |
| 1980s | 14.88 % change on previous year | 11.85 % change on previous year | 19.02 % change on previous year | 10 |
| 1990s | 14.98 % change on previous year | 10.79 % change on previous year | 17.32 % change on previous year | 10 |
| 2000s | 12.39 % change on previous year | 7.63 % change on previous year | 17.14 % change on previous year | 10 |
| 2010s | 12.23 % change on previous year | 6.37 % change on previous year | 19.92 % change on previous year | 10 |
| 2020s | 10.26 % change on previous year | -1.24 % change on previous year | 18.85 % change on previous year | 5 |
Countries ranked near India
- 57 Uganda 10.78 % change on previous year compare
- 58 Chile 10.56 % change on previous year compare
- 59 Bolivia (Plurinational State of) 10.04 % change on previous year compare
- 61 Mauritania 9.75 % change on previous year compare
- 62 Romania 9.7 % change on previous year compare
- 63 Croatia 9.52 % 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 gross domestic product — value standard local currency, annual growth in India?
- Gross domestic product — value standard local currency, annual growth in India was 9.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in India?
- The highest recorded value was 21.71 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in India?
- The lowest recorded value was -1.24 % change on previous year in 2020.
- How does India rank for gross domestic product — value standard local currency, annual growth?
- India ranks 60th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in India?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 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 Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.