Includes India real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about India economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of India best banks and safest banks are also available.
Large, Diversified Economy and Skilled Workforce
Projected to become the world’s third-largest economy behind the US and China by the end of this decade, India reaps the benefits of a vast and increasingly skilled workforce, swift industrialization and favorable shifts in global supply chains dynamics. Although its regulatory framework remains burdensome, recent reforms have improved the business environment by reducing foreign investment restrictions and simplifying tax provisions. While it boasts a highly diversified economy and exports ranging from oil products to agriculture and pharmaceuticals, India still relies on coal for about 70% of its power generation needs, posing significant challenges to the pursuit of sustainable development.
GDP & Economic Information
Key Facts
Total Area | 3,287,263 sq km |
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Type of Government | Parliamentary Republic |
Capital City | New Dehli |
Total Population | 1,436.51 million |
Median Age | 28.2 years |
Total GDP | USD 3,736,880 million |
Adult Per Capita Income (PPP) | USD 12097.23 |
India
Trade & Finance
International Trade
Total Exports | USD 640,716 million |
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Major Exports |
Refined petroleum Diamonds Packaged medicines Jewelry Rice |
Major Trade Partners – Exports |
United States United Arab Emirates China Bangladesh Hong Kong, China |
Total Imports | USD 28,824 million |
Major Imports |
Crude petroleum Gold Coal Diamonds Natural gas |
Major Trade Partners – Imports |
China United Arab Emirates United States Switzerland Saudi Arabia |
Inbound and Outbound Investment
India's Leading Companies
Multinational conglomerate | Reliance Industries |
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Financial | State Bank of India |
Information technology | Infosys |
Industrial | Tata Steel |
Automotive | Tata Motors |
Mining | Adani Enterprises |
A Leader In Central Bank Digital Currencies
India’s central bank has been at the forefront of developing and deploying digital currencies.
Global Finance Rankings & Awards: India
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000