In 2023 India surpassed China to become the world’s most populous country, and maintained its position as the world’s fifth largest economy in terms of GDP, trailing the US, China, Germany and Japan. India has become one of the fastest‑growing major economies in the world. Its GDP gr...
Gross Domestic Product (GDP) of India grew by 6.1 per cent in Jan-Mar 2023, surpassing the estimated growth rate of quarter 4 (Q4) of 2022-23 at 5.1 per cent by the Reserve Bank of India (RBI) and 5.5 per cent by SBI research. According to the Reuters poll, Indian economy was ...
Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2023-24 is estimated at 8.15 percent compared to the growth rate of 6.99 percent in 2022-23. In 2022-23, India has recorded the 2nd highest growth rate in past 7 years. GDP grow...
The RBI projection in its August Monetary Policy Statement for real GDP growth for fiscal year 2023-24 remained unchanged at 6.5%. Domestic economic activity is assessed by the RBI to have remained resilient in the April-June quarter of fiscal year 2023-24, as reflected...
India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing pow...
Gross Savings Rate (%)30.22023yearly1951 - 2023 Investment: % of GDP (%)34.7Sep 2024quarterlyJun 2004 - Sep 2024 Nominal GDP (USD mn)873,666.0Mar 2023quarterlyJun 1996 - Mar 2023 Nominal GDP Growth (%)8.043Sep 2024quarterlyJun 1997 - Sep 2024 ...
(7.2%). Services exports surged 21.3%. Between April and October 2024, total services exports stood at US$216 billion, compared to US$192 billion in 2023. This growth is crucial given the sector’s significant contribution to India’s GDP and employment, specifically for the urban middle-...
After experiencing robust performance in 2022 (+7.2%), real GDP growth was expected to decelerate to 6.3% in 2023 and 2024-25 due to adverse weather-related events and a deteriorating international outlook (IMF). The beginning of FY 2023-24 witnessed robust growth propelled by public investment...
In 2023 India surpassed China to become the world’s most populous country, and maintained its position as the world’s fifth largest economy in terms of GDP, trailing the US, China, Germany and Japan. India has become one of the fastest‑growing major economies in the world. Its GDP gr...
Gross Savings Rate (%) 30.2 2023 yearly 1951 - 2023 Investment: % of GDP (%) 34.7 Sep 2024 quarterly Jun 2004 - Sep 2024 Nominal GDP (USD mn) 873,666.0 Mar 2023 quarterly Jun 1996 - Mar 2023 Nominal GDP Growth (%) 8.043 Sep 2024 quarterly Jun 1997 - Sep 2024 Private Consump...