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India started recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous year's 5.5%. The acceleration continued through 2014–15 and 2015–16 with growth rates of 7.5% and 8.0% respectively. For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015.
Countries by real GDP growth rate in 2023 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
The economy of India accelerated and has grown at a rate of around 3–9% since economic liberalisation began in the 1990s with the exception of 2020. [5][6] Recent research has shown that India's growth rate had begun to attain higher growth since Indira Gandhi's time in 1980s due to economic reforms, with average growth rate of 5.8% in 1981 ...
The following table shows the annual growth in nominal GSDP for the financial years 2001–02 to 2010–11, released by the Planning Commission of India, in the Indian rupees. [1] Revised data for the past years differ from the tables below. Figures are in millions of Indian rupees at current prices. [1]
With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–2012, [305] India is one of the world's fastest-growing economies. [306] However, the country ranks 136th in the world in nominal GDP per capita and 125th in GDP per capita at PPP. [307]
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
Uttar Pradesh is the most populous state in India with a population of nearly 240 million people. [6] The economy of Uttar Pradesh is the fifth largest among states in India. The gross state domestic product (GSDP) of Uttar Pradesh increased from Rs 22.58 lakh crore in 2022–2023 to Rs 25.48 lakh crore (US$310 billion) in 2023–2024. [7]