Countries
India
Key Economic Indicators
$16.19 trillion
$11,160
6.49%
4.95%
4.22%
$3.913 trillion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-32,148,817,603
Economic Overview
<p>largest South Asian economy; strong, sustained GDP growth led by technology and service sectors, foreign investment, and improved regulatory framework; high poverty rate and income inequality; initiatives on infrastructure development, digitization, manufacturing, and financial access</p>
All Economic Data
Agricultural products
sugarcane, rice, milk, wheat, bison milk, potatoes, vegetables, maize, bananas, onions (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
2% of household expenditures (2023 est.)
On food:
29.9% of household expenditures (2023 est.)
Budget
Expenditures:
$486.598 billion (2022 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$311.824 billion (2022 est.)
Currency
code:
INR
name:
Indian rupee (INR) [₹]
Current account balance
$-32,148,817,603
Current account balance 2022:
-$79.051 billion (2022 est.)
Current account balance 2023:
-$31.962 billion (2023 est.)
Current account balance 2024:
-$32.428 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$716.46 billion
Debt - external 2023:
$212.728 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Indian rupees (INR) per US dollar -
Exchange rates 2020:
74.1 (2020 est.)
Exchange rates 2021:
73.918 (2021 est.)
Exchange rates 2022:
78.604 (2022 est.)
Exchange rates 2023:
82.599 (2023 est.)
Exchange rates 2024:
83.669 (2024 est.)
Exports
$827.41 billion
Exports 2022:
$767.643 billion (2022 est.)
Exports 2023:
$773.177 billion (2023 est.)
Exports 2024:
$822.046 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
refined petroleum, packaged medicine, diamonds, broadcasting equipment, garments (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 19%, UAE 7%, China 4%, Germany 3%, UK 3% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$27.14 billion
GDP - composition, by end use
Exports of goods and services:
21.2% (2024 est.)
Government consumption:
10.1% (2024 est.)
Household consumption:
61.5% (2024 est.)
Imports of goods and services:
-23.5% (2024 est.)
Investment in fixed capital:
29.6% (2024 est.)
Investment in inventories:
3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
16.4% (2024 est.)
Industry:
24.5% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
49.9% (2024 est.)
GDP (official exchange rate)
$3.913 trillion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$2,695
Gini Index coefficient - distribution of family income
35.7 (2011)
Gini Index coefficient - distribution of family income 2022:
25.5 (2022 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$3.85 trillion
GNI per capita
$2,650
Gross domestic investment
33 % of GDP
Household income or consumption by percentage share
Highest 10%:
22.1% (2022 est.)
Lowest 10%:
4.5% (2022 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$918.33 billion
Imports 2022:
$902.304 billion (2022 est.)
Imports 2023:
$859.507 billion (2023 est.)
Imports 2024:
$923.081 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
crude petroleum, gold, coal, natural gas, integrated circuits (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 19%, Russia 10%, USA 6%, UAE 6%, Saudi Arabia 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
5.6% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Inflation rate (consumer prices)
4.95%
Inflation rate (consumer prices) 2022:
6.7% (2022 est.)
Inflation rate (consumer prices) 2023:
5.6% (2023 est.)
Inflation rate (consumer prices) 2024:
5% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
607.691 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
617.63 million persons
Labor force - by occupation
agriculture:
41.63%
industry:
25.82%
services:
32.56%
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2018:
46.5% of GDP (2018 est.)
Real GDP (purchasing power parity)
$16.19 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$12.251 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$13.377 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$14.244 trillion (2024 est.)
Real GDP growth rate
6.49%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
7.6% (2022 est.)
Real GDP growth rate 2023:
9.2% (2023 est.)
Real GDP growth rate 2024:
6.5% (2024 est.)
Real GDP per capita
$11,160
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$8,600 (2022 est.)
Real GDP per capita 2023:
$9,300 (2023 est.)
Real GDP per capita 2024:
$9,800 (2024 est.)
Remittances
$137.67 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
3.3% of GDP (2022 est.)
Remittances 2023:
3.3% of GDP (2023 est.)
Remittances 2024:
3.5% of GDP (2024 est.)
Reserves of foreign exchange and gold
$643.04 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$567.298 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$627.793 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$643.043 billion (2024 est.)
Revenue (excl grants)
9 % of GDP
Tax revenue
7 % of GDP
Taxes and other revenues
6.7% (of GDP) (2022 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
4.22%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
4.9% (2022 est.)
Unemployment rate 2023:
4.2% (2023 est.)
Unemployment rate 2024:
4.3% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
17.6% (2024 est.)
Male:
15.5% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
16% (2024 est.)
World Bank Indicators
Currency
Indian rupee (INR) (2025)
Gini Index
35.70 (2011)
Languages
English, Hindi, Tamil (2025)
Economic Rankings
External Debt
#2
GDP (PPP)
#3
Reserves
#5
GDP (Nominal)
#5
Imports
#7
Exports
#11
GDP Growth Rate
#23
Gini Index
#101
Unemployment Rate
#106
GDP per Capita
#126
Inflation Rate
#131
Quick Facts
Industries
textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
Agricultural products
sugarcane, rice, milk, wheat, bison milk, potatoes, vegetables, maize, bananas, onions (2023)
Labor force
607.691 million (2024 est.)
Exports - partners
USA 19%, UAE 7%, China 4%, Germany 3%, UK 3% (2023)
Imports - partners
China 19%, Russia 10%, USA 6%, UAE 6%, Saudi Arabia 5% (2023)
Exchange rates
Indian rupees (INR) per US dollar -
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