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The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
Data are in millions of international dollars; they were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007.
The interim budget estimated that capital expenditure will rise 11.1%, to 11.11 trillion Indian rupees ($133.9 billion), in fiscal year 2025, while tax revenue for the year is expected to increase ...
2024 GDP (nominal) in billions — Asia: 42.72 trillion: 1 China: 18.53 trillion [2] 2 Japan: 4.07 trillion [3] 3 India: 3.88 trillion [4] 4 Russia: 2.0 trillion 5 South Korea: 1.76 trillion 6 Indonesia: 1.47 trillion 7 Turkey: 1.3 trillion 8 Saudi Arabia: 1.11 trillion 9 Taiwan: 803.0 billion 10 Thailand: 548.9 billion 11 Israel: 530.6 billion 12
7 Long term GDP estimates. 8 See also. 9 ... The figures are given or expressed in Millions of International Dollars at current ... India: 366,458: 425,224: 467,191: ...
India is the largest economy in the region (US$4.11 trillion) and makes up almost 80% of the South Asian economy; it is the world's 5th largest economy in nominal terms and the world's 3rd largest economy by purchasing power adjusted exchange rates (US$14.26 trillion). [28] India is the member of G-20 major economies and BRICS from the region ...