India’s GDP growth has been phenomenal at 7.2 percent in the fiscal year 2022-23, making it the fifth largest economy in the world with a nominal GDP of $3.75 trillion.
India’s GDP growth has been steady, stable, diversified and resilient over a fifty-year period, without any prolonged reversals or large fluctuations except in few cases like Covid period.
Indian GDP grew from $37.05 billion in 2014 in 1960 to $3750 billion(3.75 trillion) in 2023 and expected to be $5 trillion economy by 2027.
India’s GDP growth from 1960 to 2023
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- 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%
GDP Data from 1960 to 2023
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