Gross Fixed Capital Formation — Annual growth Standard Local Currency in India
India: Gross Fixed Capital Formation — Annual growth Standard Local Currency was 6.94 % in 2024. ▼ Falling
Gross Fixed Capital Formation — Annual growth Standard Local Currency in India, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross fixed capital formation — annual growth standard local currency in India is 6.94 %, measured in 2024.
The figure is down 35.2% on the previous year and down 9.7% over ten years.
Over the whole period, gross fixed capital formation — annual growth standard local currency in India peaked at 29.12 % in 2021 and was at its lowest, -3.57 %, in 2020.
That places India 82nd out of 202 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 Fixed Capital Formation — Annual growth Standard Local Currency in India, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 14.29 % | — |
| 1972 | 13.33 % | -6.7% |
| 1973 | 13.54 % | +1.6% |
| 1974 | 23.22 % | +71.5% |
| 1975 | 14.53 % | -37.4% |
| 1976 | 12.45 % | -14.3% |
| 1977 | 15.15 % | +21.6% |
| 1978 | 11.79 % | -22.2% |
| 1979 | 15.1 % | +28.2% |
| 1980 | 15.05 % | -0.3% |
| 1981 | 18.62 % | +23.7% |
| 1982 | 18.31 % | -1.7% |
| 1983 | 14 % | -23.6% |
| 1984 | 13.58 % | -3.0% |
| 1985 | 17.98 % | +32.4% |
| 1986 | 17.52 % | -2.6% |
| 1987 | 21.32 % | +21.7% |
| 1988 | 14.42 % | -32.4% |
| 1989 | 19.78 % | +37.2% |
| 1990 | 23.95 % | +21.0% |
| 1991 | 8.35 % | -65.1% |
| 1992 | 17.3 % | +107.1% |
| 1993 | 8.56 % | -50.5% |
| 1994 | 15.77 % | +84.3% |
| 1995 | 26.25 % | +66.5% |
| 1996 | 12.88 % | -50.9% |
| 1997 | 14.52 % | +12.7% |
| 1998 | 15.18 % | +4.6% |
| 1999 | 24.86 % | +63.8% |
| 2000 | 1.52 % | -93.9% |
| 2001 | 23.71 % | +1462.2% |
| 2002 | 1.83 % | -92.3% |
| 2003 | 13.31 % | +625.8% |
| 2004 | 25 % | +87.8% |
| 2005 | 20.73 % | -17.1% |
| 2006 | 20.11 % | -3.0% |
| 2007 | 22.26 % | +10.7% |
| 2008 | 9.9 % | -55.5% |
| 2009 | 14.7 % | +48.5% |
| 2010 | 18.55 % | +26.2% |
| 2011 | 20.22 % | +9.0% |
| 2012 | 10.7 % | -47.1% |
| 2013 | 2.19 % | -79.6% |
| 2014 | 7.68 % | +251.5% |
| 2015 | 5.07 % | -34.0% |
| 2016 | 8.3 % | +63.7% |
| 2017 | 12.23 % | +47.4% |
| 2018 | 14.58 % | +19.2% |
| 2019 | 2.08 % | -85.7% |
| 2020 | -3.57 % | -271.6% |
| 2021 | 29.12 % | -914.9% |
| 2022 | 17.08 % | -41.3% |
| 2023 | 10.71 % | -37.3% |
| 2024 | 6.94 % | -35.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.82 % | 11.79 % | 23.22 % | 9 |
| 1980s | 17.06 % | 13.58 % | 21.32 % | 10 |
| 1990s | 16.76 % | 8.35 % | 26.25 % | 10 |
| 2000s | 15.31 % | 1.52 % | 25 % | 10 |
| 2010s | 10.16 % | 2.08 % | 20.22 % | 10 |
| 2020s | 12.05 % | -3.57 % | 29.12 % | 5 |
Countries ranked near India
- 79 Solomon Islands 7.38 % compare
- 80 Chile 7.12 % compare
- 81 Cayman Islands 7.1 % compare
- 83 Jamaica 6.92 % compare
- 84 New Zealand 6.91 % compare
- 85 Antigua and Barbuda 6.89 % 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)
- Services, value added (constant LCU), per capita 105,882 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.973 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.26 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9078 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 2,453 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.69 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 79.27 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 214,232 current LCU per person (2025)
Frequently asked questions
- What is gross fixed capital formation — annual growth standard local currency in India?
- Gross fixed capital formation — annual growth standard local currency in India was 6.94 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth standard local currency recorded in India?
- The highest recorded value was 29.12 % in 2021.
- What is the lowest gross fixed capital formation — annual growth standard local currency recorded in India?
- The lowest recorded value was -3.57 % in 2020.
- How does India rank for gross fixed capital formation — annual growth standard local currency?
- India ranks 82nd out of 202 countries with data for 2024.
- Is gross fixed capital formation — annual growth standard local currency rising or falling in India?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).