Economy & Output
Official macroeconomic indicators, real GDP expansion, fiscal deficit targets, and foreign exchange reserves published by the Ministry of Finance and Reserve Bank of India.
5th Largest Economy
Rank 5 of 195 Nations
↑+7.6% Real GDP Expansion
5 & 6. Benchmarks & Trend Charts
India vs the World & Peer Averages
Comparing economy & output against Top Countries, Global Average, G20 Average, BRICS Average, and OECD Average.
Economy · Annual % Expansion
Nominal GDP Growth (%)
G20 Avg
3.1%
BRICS Avg
4.8%
OECD Avg
1.7%
Global Avg
3.2%
7. Related Disclosures
Latest Official Press Releases
Automated disclosures from Press Information Bureau (PIB) and statutory wire feeds.
All statistics originate exclusively from Government of India gazettes, Ministry reports, e-Courts registries, and international statutory publications (World Bank, IMF, UNESCO, WHO, WIPO).
Gross Domestic Product (GDP) calculated using constant (2011-12) prices by the National Accounts Division of MoSPI. GVA calculated at basic prices.
India stands as the world's 5th largest economy with a nominal GDP of $3.75 Trillion and a real GDP growth rate of 7.6% (FY 2023-24). India outperforms the G20 average growth rate (3.1%) and OECD average (1.7%), leading major emerging market economies.
- ✓Fastest real GDP growth rate (7.6%) among major G20 economies
- ✓Robust foreign exchange reserves standing at $622 Billion
- ✓Central capital expenditure target expanded to ₹10 Lakh Crore
- !Per capita income ($2,600 USD) remains below G20 average ($21,500)
- !Inflation stabilization needed across consumer commodity baskets
Projected to surpass $5 Trillion nominal GDP by FY28 driven by manufacturing production-linked incentives (PLI), infrastructure capital expenditure, and domestic consumption.
14. Statutory FAQs
Frequently Asked Questions
Verified answers backed by official government disclosures.
What is India's current GDP growth rate?
India's real GDP growth rate for FY 2023-24 reached 7.6% as per MoSPI official releases.
How does India's GDP compare to G20 peers?
India's 7.6% real expansion makes it the fastest-growing major economy in the G20, outperforming China (5.2%) and the US (2.5%).
15. Open Data Export
Datasets & Export Options
Download structured CSV datasets with complete provenance chains.
Macroeconomic Expansion, GDP Growth & Gross Fiscal Deficit Disclosures
Official Gross Domestic Product estimates, quarterly GVA breakdowns, nominal vs real expansion, and Central Government fiscal deficit tracking published by MoSPI and Reserve Bank of India.
FY24 Real GDP Growth
7.6%
Nominal GDP Estimate
$3.75 Trillion
Gross Direct Tax Revenue
₹19.58 Lakh Cr
Foreign Exchange Reserves
$622 Billion