Gross fixed capital formation in India
India: Gross fixed capital formation was 1.15 trillion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
1.15 trillion constant 2015 US$
Change on year
up 7.1%
World rank
3rd
of 161 countries
All-time high
1.15 trillion constant 2015 US$
in 2025
All-time low
20.55 billion constant 2015 US$
in 1960
Years of data
66
1960–2025
Gross fixed capital formation in India, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross fixed capital formation in India stood at 1.15 trillion constant 2015 US$. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 7.1% on the previous year and up 90.3% over ten years.
Over the whole period, gross fixed capital formation in India peaked at 1.15 trillion constant 2015 US$ in 2025 and was at its lowest, 20.55 billion constant 2015 US$, in 1960.
That places India 3rd out of 161 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in India, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 20.55 billion constant 2015 US$ | — |
| 1961 | 23.27 billion constant 2015 US$ | +13.2% |
| 1962 | 24.79 billion constant 2015 US$ | +6.6% |
| 1963 | 27.68 billion constant 2015 US$ | +11.6% |
| 1964 | 29.82 billion constant 2015 US$ | +7.7% |
| 1965 | 30.77 billion constant 2015 US$ | +3.2% |
| 1966 | 31.21 billion constant 2015 US$ | +1.4% |
| 1967 | 33.23 billion constant 2015 US$ | +6.5% |
| 1968 | 35.00 billion constant 2015 US$ | +5.3% |
| 1969 | 35.03 billion constant 2015 US$ | +0.1% |
| 1970 | 33.09 billion constant 2015 US$ | -5.5% |
| 1971 | 36.52 billion constant 2015 US$ | +10.4% |
| 1972 | 38.09 billion constant 2015 US$ | +4.3% |
| 1973 | 37.09 billion constant 2015 US$ | -2.6% |
| 1974 | 38.52 billion constant 2015 US$ | +3.8% |
| 1975 | 37.83 billion constant 2015 US$ | -1.8% |
| 1976 | 41.96 billion constant 2015 US$ | +10.9% |
| 1977 | 47.64 billion constant 2015 US$ | +13.5% |
| 1978 | 50.10 billion constant 2015 US$ | +5.2% |
| 1979 | 50.07 billion constant 2015 US$ | -0.1% |
| 1980 | 51.26 billion constant 2015 US$ | +2.4% |
| 1981 | 51.20 billion constant 2015 US$ | -0.1% |
| 1982 | 54.09 billion constant 2015 US$ | +5.6% |
| 1983 | 58.05 billion constant 2015 US$ | +7.3% |
| 1984 | 59.02 billion constant 2015 US$ | +1.7% |
| 1985 | 61.74 billion constant 2015 US$ | +4.6% |
| 1986 | 67.62 billion constant 2015 US$ | +9.5% |
| 1987 | 75.09 billion constant 2015 US$ | +11.0% |
| 1988 | 77.69 billion constant 2015 US$ | +3.5% |
| 1989 | 84.47 billion constant 2015 US$ | +8.7% |
| 1990 | 98.39 billion constant 2015 US$ | +16.5% |
| 1991 | 90.81 billion constant 2015 US$ | -7.7% |
| 1992 | 100.44 billion constant 2015 US$ | +10.6% |
| 1993 | 99.61 billion constant 2015 US$ | -0.8% |
| 1994 | 105.34 billion constant 2015 US$ | +5.8% |
| 1995 | 118.11 billion constant 2015 US$ | +12.1% |
| 1996 | 123.67 billion constant 2015 US$ | +4.7% |
| 1997 | 134.92 billion constant 2015 US$ | +9.1% |
| 1998 | 149.25 billion constant 2015 US$ | +10.6% |
| 1999 | 174.23 billion constant 2015 US$ | +16.7% |
| 2000 | 171.11 billion constant 2015 US$ | -1.8% |
| 2001 | 209.07 billion constant 2015 US$ | +22.2% |
| 2002 | 207.57 billion constant 2015 US$ | -0.7% |
| 2003 | 218.19 billion constant 2015 US$ | +5.1% |
| 2004 | 243.19 billion constant 2015 US$ | +11.5% |
| 2005 | 283.17 billion constant 2015 US$ | +16.4% |
| 2006 | 322.46 billion constant 2015 US$ | +13.9% |
| 2007 | 375.11 billion constant 2015 US$ | +16.3% |
| 2008 | 387.11 billion constant 2015 US$ | +3.2% |
| 2009 | 416.83 billion constant 2015 US$ | +7.7% |
| 2010 | 462.87 billion constant 2015 US$ | +11.0% |
| 2011 | 518.85 billion constant 2015 US$ | +12.1% |
| 2012 | 544.47 billion constant 2015 US$ | +4.9% |
| 2013 | 552.98 billion constant 2015 US$ | +1.6% |
| 2014 | 567.37 billion constant 2015 US$ | +2.6% |
| 2015 | 604.43 billion constant 2015 US$ | +6.5% |
| 2016 | 655.55 billion constant 2015 US$ | +8.5% |
| 2017 | 706.70 billion constant 2015 US$ | +7.8% |
| 2018 | 785.87 billion constant 2015 US$ | +11.2% |
| 2019 | 794.88 billion constant 2015 US$ | +1.1% |
| 2020 | 738.48 billion constant 2015 US$ | -7.1% |
| 2021 | 867.87 billion constant 2015 US$ | +17.5% |
| 2022 | 941.16 billion constant 2015 US$ | +8.4% |
| 2023 | 1.01 trillion constant 2015 US$ | +7.3% |
| 2024 | 1.07 trillion constant 2015 US$ | +6.4% |
| 2025 | 1.15 trillion constant 2015 US$ | +7.1% |
India compared with similar countries
- India's 1.15 trillion constant 2015 US$ is above the median for lower middle income countries, which is 5.11 billion constant 2015 US$, 225.1× the median. (42 countries reporting)
- India's 1.15 trillion constant 2015 US$ is above the median for South Asia, which is 17.52 billion constant 2015 US$, 65.7× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 29.14 billion constant 2015 US$ | 20.55 billion constant 2015 US$ | 35.03 billion constant 2015 US$ | 10 |
| 1970s | 41.09 billion constant 2015 US$ | 33.09 billion constant 2015 US$ | 50.10 billion constant 2015 US$ | 10 |
| 1980s | 64.02 billion constant 2015 US$ | 51.20 billion constant 2015 US$ | 84.47 billion constant 2015 US$ | 10 |
| 1990s | 119.48 billion constant 2015 US$ | 90.81 billion constant 2015 US$ | 174.23 billion constant 2015 US$ | 10 |
| 2000s | 283.38 billion constant 2015 US$ | 171.11 billion constant 2015 US$ | 416.83 billion constant 2015 US$ | 10 |
| 2010s | 619.40 billion constant 2015 US$ | 462.87 billion constant 2015 US$ | 794.88 billion constant 2015 US$ | 10 |
| 2020s | 963.54 billion constant 2015 US$ | 738.48 billion constant 2015 US$ | 1.15 trillion constant 2015 US$ | 6 |
Countries ranked near India
- 1 United States 5.02 trillion constant 2015 US$ compare
- 2 Japan 1.25 trillion constant 2015 US$ compare
- 4 Germany 703.36 billion constant 2015 US$ compare
- 5 United Kingdom 664.11 billion constant 2015 US$ compare
- 6 France 592.76 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$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in India?
- Gross fixed capital formation in India was 1.15 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in India?
- The highest recorded value was 1.15 trillion constant 2015 US$ in 2025.
- What is the lowest gross fixed capital formation recorded in India?
- The lowest recorded value was 20.55 billion constant 2015 US$ in 1960.
- How does India rank for gross fixed capital formation?
- India ranks 3rd out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in India?
- Over the last ten years it is up 90.3%. 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 fixed 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 fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.