GDP of India : 1960 to 2023 a growth story

GDP of India was $3.55 Trillion in 2023 as per data from World Bank. in 2023 Indian GDP grew by 7.58% which fastest in major economies.

• Indian GDP was $37 billion in 1960.
• Indian GDP reach $100 billion mark in 1976.
• Indian GDP reach $1 trillion mark in 2007.
• Indian GDP reach $2 trillion mark in 2014 and 3 trillion in 2021.
• Indian GDP likely to reach $5 trillion by 2027.

GDP of India from 1960 to 2023

Year	GDP($) current prices	% Growth Rate(annual)
1960	37.0B
1961	39.2B	3.72
1962	42.2B	2.93
1963	48.4B	5.99
1964	56.5B	7.45
1965	59.6B	-2.64
1966	45.6B	-0.06
1967	50.1B	7.83
1968	53.1B	3.39
1969	58.4B	6.54
1970	62.4B	5.16
1971	67.4B	1.64
1972	71.5B	-0.55
1973	85.5B	3.30
1974	99.5B	1.19
1975	98.5B	9.15
1976	102.7B	1.66
1977	121.5B	7.25
1978	137.3B	5.71
1979	153.0B	-5.24
1980	186.3B	6.74
1981	193.5B	6.01
1982	200.7B	3.48
1983	218.3B	7.29
1984	212.2B	3.82
1985	232.5B	5.25
1986	249.0B	4.78
1987	279.0B	3.97
1988	296.6B	9.63
1989	296.0B	5.95
1990	321.0B	5.53
1991	270.1B	1.06
1992	288.2B	5.48
1993	279.3B	4.75
1994	327.3B	6.66
1995	360.3B	7.57
1996	392.9B	7.55
1997	415.9B	4.05
1998	421.4B	6.18
1999	458.8B	8.85
2000	468.4B	3.84
2001	485.4B	4.82
2002	514.9B	3.80
2003	607.7B	7.86
2004	709.2B	7.92
2005	820.4B	7.92
2006	940.3B	8.06
2007	1.22T	7.66
2008	1.20T	3.09
2009	1.34T	7.86
2010	1.68T	8.50
2011	1.82T	5.24
2012	1.83T	5.46
2013	1.86T	6.39
2014	2.04T	7.41
2015	2.10T	8.00
2016	2.29T	8.26
2017	2.65T	6.80
2018	2.70T	6.45
2019	2.84T	3.87
2020	2.67T	-5.78
2021	3.17T	9.69
2022	3.35T	6.99
2023	3.55T	7.58

Note – Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. 

Data Source: World Bank

• Indian GDP Grew  most in 2000-2010 decade by 257.57%.
• Indian GDP Grew  least in 1990-2000 decade by 45.97%.
• Period of 2020-2023 Indian GDP grew by 40.61%.

Suggested: Population Growth of India from 1960 to 2024.