Gross National Income — Value Standard Local Currency, annual growth in India
India: Gross National Income — Value Standard Local Currency, annual growth was 9.5 % change on previous year in 2023. ▼ Falling
Gross National Income — Value Standard Local Currency, annual growth in India, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross national income — value standard local currency, annual growth in India stood at 9.5 % change on previous year.
That represents a change of down 32.0% on the previous year and down 26.3% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in India peaked at 21.79 % change on previous year in 1973 and was at its lowest, -1.62 % change on previous year, in 2020.
India ranks 100th of 231 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Gross National Income — Value Standard Local Currency, annual growth in India, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.08 % change on previous year | — |
| 1972 | 10.26 % change on previous year | +44.9% |
| 1973 | 21.79 % change on previous year | +112.3% |
| 1974 | 18.19 % change on previous year | -16.5% |
| 1975 | 7.42 % change on previous year | -59.2% |
| 1976 | 7.79 % change on previous year | +5.0% |
| 1977 | 13.34 % change on previous year | +71.1% |
| 1978 | 8.41 % change on previous year | -37.0% |
| 1979 | 9.95 % change on previous year | +18.4% |
| 1980 | 19.15 % change on previous year | +92.4% |
| 1981 | 17.24 % change on previous year | -10.0% |
| 1982 | 11.46 % change on previous year | -33.5% |
| 1983 | 16.36 % change on previous year | +42.7% |
| 1984 | 11.88 % change on previous year | -27.4% |
| 1985 | 12.9 % change on previous year | +8.5% |
| 1986 | 11.82 % change on previous year | -8.4% |
| 1987 | 13.48 % change on previous year | +14.1% |
| 1988 | 18.27 % change on previous year | +35.5% |
| 1989 | 14.75 % change on previous year | -19.2% |
| 1990 | 16.62 % change on previous year | +12.6% |
| 1991 | 14.71 % change on previous year | -11.5% |
| 1992 | 14.93 % change on previous year | +1.5% |
| 1993 | 15.26 % change on previous year | +2.2% |
| 1994 | 17.43 % change on previous year | +14.2% |
| 1995 | 17.51 % change on previous year | +0.4% |
| 1996 | 15.91 % change on previous year | -9.1% |
| 1997 | 10.88 % change on previous year | -31.6% |
| 1998 | 14.7 % change on previous year | +35.1% |
| 1999 | 12.26 % change on previous year | -16.6% |
| 2000 | 7.32 % change on previous year | -40.3% |
| 2001 | 8.41 % change on previous year | +14.9% |
| 2002 | 7.87 % change on previous year | -6.4% |
| 2003 | 11.95 % change on previous year | +51.8% |
| 2004 | 14.15 % change on previous year | +18.4% |
| 2005 | 13.97 % change on previous year | -1.2% |
| 2006 | 17.07 % change on previous year | +22.1% |
| 2007 | 15.56 % change on previous year | -8.8% |
| 2008 | 12.36 % change on previous year | -20.5% |
| 2009 | 15.46 % change on previous year | +25.0% |
| 2010 | 19.35 % change on previous year | +25.2% |
| 2011 | 14.65 % change on previous year | -24.2% |
| 2012 | 13.49 % change on previous year | -8.0% |
| 2013 | 12.89 % change on previous year | -4.4% |
| 2014 | 11.06 % change on previous year | -14.2% |
| 2015 | 10.48 % change on previous year | -5.2% |
| 2016 | 11.78 % change on previous year | +12.3% |
| 2017 | 11.11 % change on previous year | -5.7% |
| 2018 | 10.6 % change on previous year | -4.6% |
| 2019 | 6.49 % change on previous year | -38.8% |
| 2020 | -1.62 % change on previous year | -125.0% |
| 2021 | 19.05 % change on previous year | -1274.2% |
| 2022 | 13.98 % change on previous year | -26.6% |
| 2023 | 9.5 % change on previous year | -32.0% |
Biggest year-on-year movements
Years where Gross National Income — 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 | +1274.2% | -1.62 % change on previous year | 19.05 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.58 % change on previous year | 7.08 % change on previous year | 21.79 % change on previous year | 9 |
| 1980s | 14.73 % change on previous year | 11.46 % change on previous year | 19.15 % change on previous year | 10 |
| 1990s | 15.02 % change on previous year | 10.88 % change on previous year | 17.51 % change on previous year | 10 |
| 2000s | 12.41 % change on previous year | 7.32 % change on previous year | 17.07 % change on previous year | 10 |
| 2010s | 12.19 % change on previous year | 6.49 % change on previous year | 19.35 % change on previous year | 10 |
| 2020s | 10.23 % change on previous year | -1.62 % change on previous year | 19.05 % change on previous year | 4 |
Countries ranked near India
- 98 Bosnia and Herzegovina 9.58 % change on previous year compare
- 99 Turks and Caicos Islands 9.51 % change on previous year compare
- 101 Lithuania 9.4 % change on previous year compare
- 102 Antigua and Barbuda 9.15 % change on previous year compare
- 103 Bhutan 9.11 % 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 national income — value standard local currency, annual growth in India?
- Gross national income — value standard local currency, annual growth in India was 9.5 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in India?
- The highest recorded value was 21.79 % change on previous year in 1973.
- What is the lowest gross national income — value standard local currency, annual growth recorded in India?
- The lowest recorded value was -1.62 % change on previous year in 2020.
- How does India rank for gross national income — value standard local currency, annual growth?
- India ranks 100th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in India?
- Over the last ten years it is down 26.3%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.