India's GDP showcases steady growth from $39.2 billion in 1961 to $3.54 trillion in 2023. The Green Revolution of the 1960s and 1970s improved agricultural productivity, while economic liberalization in 1991 drove a shift towards a market-based economy. GDP rose from $270 billion in 1991 to over $1 trillion by 2007.
Recent years have seen rapid expansion, supported by technology and services sectors. Despite setbacks during the COVID-19 pandemic in 2020, GDP rebounded strongly to reach $3.54 trillion in 2023, positioning India as a key global economic player.
Recent years have seen rapid expansion, supported by technology and services sectors. Despite setbacks during the COVID-19 pandemic in 2020, GDP rebounded strongly to reach $3.54 trillion in 2023, positioning India as a key global economic player.
Find out more through related statistics on industry sector’s GDP share in India, India’s net ODA annual share, value of goods imported from India.
