India versus China GDPIndia's economy used to be on par with China's.
However, it has lost lots of ground for the past 30 years and its GDP is now less than 1/5 of China's GDP.
#india #china #gdp #economy
Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
3.55 T USD on Dec 31, 2023
Lowest
37.03 B USD on Dec 31, 1960
About India GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count India GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 India GDP was 3.55 T USD, and the previous year it amounted to 3.353 T USD.
India GDP accounts for 3.37% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 India GDP per capita was 2.24 K USD, and in 2022 it amounted to 2.10 K USD.
Last quarter India real GDP amounted to 43.64 T INR, the quarter before that it was 47.24 T INR.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure India GDP has ever reached is 3.55 T USD.
The lowest ever value India GDP has reached is 37.03 B USD.