The economy was ₹345.4 lakh crore in 2025-26, and real growth was 7.8%.
That is on MoSPI’s newer base, which starts in 2022-23, and the figures for 2025-26 are provisional. In 1950-51, GDP was ₹10,221 crore. Averaged by decade, real growth has ranged from 2.9% a year in the 1970s to 6.6% in the 2010s.
View as a table
| Fiscal year | ₹ crore |
|---|---|
| 1950-51 | 10,221 |
| 1951-52 | 10,863 |
| 1952-53 | 10,663 |
| 1953-54 | 11,606 |
| 1954-55 | 10,977 |
| 1955-56 | 11,174 |
| 1956-57 | 13,313 |
| 1957-58 | 13,710 |
| 1958-59 | 15,283 |
| 1959-60 | 16,101 |
| 1960-61 | 17,633 |
| 1961-62 | 18,682 |
| 1962-63 | 20,076 |
| 1963-64 | 23,058 |
| 1964-65 | 26,895 |
| 1965-66 | 28,360 |
| 1966-67 | 32,105 |
| 1967-68 | 37,601 |
| 1968-69 | 39,814 |
| 1969-70 | 43,835 |
| 1970-71 | 46,816 |
| 1971-72 | 50,119 |
| 1972-73 | 55,245 |
| 1973-74 | 67,240 |
| 1974-75 | 79,377 |
| 1975-76 | 85,212 |
| 1976-77 | 91,811 |
| 1977-78 | 1,04,023 |
| 1978-79 | 1,12,671 |
| 1979-80 | 1,23,562 |
| 1980-81 | 1,47,062 |
| 1981-82 | 1,72,775 |
| 1982-83 | 1,93,254 |
| 1983-84 | 2,25,074 |
| 1984-85 | 2,52,188 |
| 1985-86 | 2,84,534 |
| 1986-87 | 3,18,365 |
| 1987-88 | 3,61,864 |
| 1988-89 | 4,29,362 |
| 1989-90 | 4,93,277 |
| 1990-91 | 5,76,109 |
| 1991-92 | 6,62,260 |
| 1992-93 | 7,61,195 |
| 1993-94 | 8,75,992 |
| 1994-95 | 10,27,570 |
| 1995-96 | 12,05,582 |
| 1996-97 | 13,94,815 |
| 1997-98 | 15,45,293 |
| 1998-99 | 17,72,297 |
| 1999-00 | 19,88,261 |
| 2000-01 | 21,39,885 |
| 2001-02 | 23,15,242 |
| 2002-03 | 24,92,613 |
| 2003-04 | 27,92,530 |
| 2004-05 | 31,86,331 |
| 2005-06 | 36,32,124 |
| 2006-07 | 42,54,628 |
| 2007-08 | 48,98,662 |
| 2008-09 | 55,14,152 |
| 2009-10 | 63,66,406 |
| 2010-11 | 76,34,472 |
| 2011-12 | 87,36,328 |
| 2012-13 | 99,44,013 |
| 2013-14 | 1,12,33,521 |
| 2014-15 | 1,24,67,959 |
| 2015-16 | 1,37,71,873 |
| 2016-17 | 1,53,91,669 |
| 2017-18 | 1,70,90,042 |
| 2018-19 | 1,88,99,668 |
| 2019-20 | 2,01,03,592 |
| 2020-21 | 1,98,54,096 |
| 2021-22 | 2,35,97,398 (provisional) |
| 2022-23 | 2,68,90,472 |
| 2023-24 | 3,01,22,955 (provisional) |
How big, in the money of the day
GDP at current prices grew from ₹10,221 crore in 1950-51 to ₹301.2 lakh crore in 2023-24 on the 2011-12 base. Much of that is price rises, which is why the real growth below is the better guide to how much more the economy produces.
Real growth, year by year
Averaged over each decade, real growth was 3.9% in the 1950s, 4.1% in the 1960s, 2.9% in the 1970s, 5.7% in the 1980s, 5.8% in the 1990s, 6.3% in the 2000s, 6.6% in the 2010s, 5.2% in the 2020s. The deepest fall was −5.8% in 2020-21.
Each decade’s figure is the simple average of its annual rates, not a compound rate.
View as a table
| Fiscal year | % change on a year earlier |
|---|---|
| 1951-52 | 2.9 |
| 1952-53 | 2.6 |
| 1953-54 | 6.2 |
| 1954-55 | 4.8 |
| 1955-56 | 3.2 |
| 1956-57 | 5.6 |
| 1957-58 | -0.4 |
| 1958-59 | 7.4 |
| 1959-60 | 2.6 |
| 1960-61 | 5.5 |
| 1961-62 | 3.7 |
| 1962-63 | 2.9 |
| 1963-64 | 6.0 |
| 1964-65 | 7.5 |
| 1965-66 | -2.6 |
| 1966-67 | -0.1 |
| 1967-68 | 7.8 |
| 1968-69 | 3.4 |
| 1969-70 | 6.5 |
| 1970-71 | 5.2 |
| 1971-72 | 1.6 |
| 1972-73 | -0.6 |
| 1973-74 | 3.3 |
| 1974-75 | 1.2 |
| 1975-76 | 9.1 |
| 1976-77 | 1.7 |
| 1977-78 | 7.3 |
| 1978-79 | 5.7 |
| 1979-80 | -5.2 |
| 1980-81 | 6.7 |
| 1981-82 | 6.0 |
| 1982-83 | 3.5 |
| 1983-84 | 7.3 |
| 1984-85 | 3.8 |
| 1985-86 | 5.3 |
| 1986-87 | 4.8 |
| 1987-88 | 4.0 |
| 1988-89 | 9.6 |
| 1989-90 | 5.9 |
| 1990-91 | 5.5 |
| 1991-92 | 1.1 |
| 1992-93 | 5.5 |
| 1993-94 | 4.8 |
| 1994-95 | 6.7 |
| 1995-96 | 7.6 |
| 1996-97 | 7.5 |
| 1997-98 | 4.0 |
| 1998-99 | 6.2 |
| 1999-00 | 8.8 |
| 2000-01 | 3.8 |
| 2001-02 | 4.8 |
| 2002-03 | 3.8 |
| 2003-04 | 7.9 |
| 2004-05 | 7.9 |
| 2005-06 | 7.9 |
| 2006-07 | 8.1 |
| 2007-08 | 7.7 |
| 2008-09 | 3.1 |
| 2009-10 | 7.9 |
| 2010-11 | 8.5 |
| 2011-12 | 5.2 |
| 2012-13 | 5.5 |
| 2013-14 | 6.4 |
| 2014-15 | 7.4 |
| 2015-16 | 8.0 |
| 2016-17 | 8.3 |
| 2017-18 | 6.8 |
| 2018-19 | 6.5 |
| 2019-20 | 3.9 |
| 2020-21 | -5.8 |
| 2021-22 | 9.7 (provisional) |
| 2022-23 | 7.6 (provisional) |
| 2023-24 | 9.2 (provisional) |
What the economy spends on
Private consumption went from 89.1% of GDP in 1950-51 to 60.2% in 2023-24; investment in fixed assets went from 11.4% of GDP in 1950-51 to 30.4% in 2023-24; exports went from 7.2% of GDP in 1950-51 to 21.4% in 2023-24; and imports went from 7.0% of GDP in 1950-51 to 23.5% in 2023-24. Government consumption was 5.6% in 1950-51 and 10.3% in 2023-24.
- Private consumption
- Investment
- Exports
- Imports
- Provisional
View as a table
| Fiscal year | Private consumption | Investment | Exports | Imports |
|---|---|---|---|---|
| 1950-51 | 89.1 | 11.4 | 7.2 | 7.0 |
| 1951-52 | 92.0 | 11.6 | 7.8 | 9.6 |
| 1952-53 | 93.5 | 11.1 | 6.7 | 6.6 |
| 1953-54 | 93.5 | 10.0 | 5.5 | 5.6 |
| 1954-55 | 92.0 | 12.4 | 6.4 | 6.8 |
| 1955-56 | 90.4 | 14.7 | 6.8 | 7.5 |
| 1956-57 | 89.5 | 15.4 | 5.8 | 8.8 |
| 1957-58 | 88.1 | 15.0 | 5.8 | 9.5 |
| 1958-59 | 89.8 | 13.5 | 4.7 | 7.2 |
| 1959-60 | 88.6 | 13.9 | 4.8 | 6.3 |
| 1960-61 | 87.4 | 14.5 | 4.5 | 6.8 |
| 1961-62 | 86.2 | 15.8 | 4.3 | 6.0 |
| 1962-63 | 84.5 | 16.0 | 4.2 | 6.0 |
| 1963-64 | 81.7 | 16.3 | 4.3 | 5.9 |
| 1964-65 | 82.5 | 16.3 | 3.7 | 5.7 |
| 1965-66 | 82.5 | 17.1 | 3.3 | 5.2 |
| 1966-67 | 84.9 | 16.7 | 4.1 | 6.7 |
| 1967-68 | 86.4 | 16.1 | 4.0 | 5.9 |
| 1968-69 | 81.6 | 16.2 | 4.0 | 4.9 |
| 1969-70 | 80.2 | 16.1 | 3.7 | 4.0 |
| 1970-71 | 79.7 | 15.5 | 3.8 | 3.9 |
| 1971-72 | 80.3 | 16.6 | 3.7 | 4.0 |
| 1972-73 | 80.3 | 17.1 | 4.0 | 3.7 |
| 1973-74 | 79.5 | 15.9 | 4.2 | 4.7 |
| 1974-75 | 81.6 | 16.6 | 4.8 | 6.0 |
| 1975-76 | 77.7 | 17.7 | 5.6 | 6.6 |
| 1976-77 | 75.0 | 18.5 | 6.7 | 6.1 |
| 1977-78 | 76.2 | 18.8 | 6.4 | 6.3 |
| 1978-79 | 76.5 | 19.4 | 6.3 | 6.6 |
| 1979-80 | 75.8 | 20.4 | 6.7 | 8.2 |
| 1980-81 | 77.8 | 19.7 | 6.1 | 9.2 |
| 1981-82 | 76.1 | 19.9 | 5.9 | 8.6 |
| 1982-83 | 75.1 | 21.0 | 6.0 | 8.1 |
| 1983-84 | 75.5 | 20.6 | 5.8 | 7.9 |
| 1984-85 | 74.6 | 20.9 | 6.3 | 7.7 |
| 1985-86 | 73.0 | 21.8 | 5.3 | 7.6 |
| 1986-87 | 73.2 | 22.9 | 5.2 | 7.0 |
| 1987-88 | 71.4 | 24.4 | 5.6 | 7.0 |
| 1988-89 | 70.1 | 23.6 | 6.0 | 7.5 |
| 1989-90 | 68.2 | 24.6 | 7.0 | 8.2 |
| 1990-91 | 67.1 | 26.1 | 7.1 | 8.5 |
| 1991-92 | 67.0 | 24.6 | 8.5 | 8.5 |
| 1992-93 | 65.7 | 25.1 | 8.8 | 9.6 |
| 1993-94 | 65.5 | 23.7 | 9.8 | 9.8 |
| 1994-95 | 64.8 | 23.4 | 9.9 | 10.2 |
| 1995-96 | 63.7 | 25.1 | 10.8 | 12.0 |
| 1996-97 | 64.6 | 24.5 | 10.4 | 11.5 |
| 1997-98 | 63.9 | 25.4 | 10.7 | 11.9 |
| 1998-99 | 63.8 | 25.5 | 11.0 | 12.7 |
| 1999-00 | 64.0 | 27.5 | 11.5 | 13.4 |
| 2000-01 | 63.7 | 26.0 | 13.0 | 13.9 |
| 2001-02 | 64.1 | 29.9 | 12.6 | 13.4 |
| 2002-03 | 63.0 | 28.3 | 14.3 | 15.2 |
| 2003-04 | 61.5 | 28.3 | 14.9 | 15.6 |
| 2004-05 | 58.4 | 30.7 | 17.9 | 19.6 |
| 2005-06 | 57.4 | 32.8 | 19.6 | 22.4 |
| 2006-07 | 56.1 | 33.6 | 21.3 | 24.5 |
| 2007-08 | 55.8 | 35.8 | 20.8 | 24.9 |
| 2008-09 | 56.7 | 34.7 | 24.1 | 29.3 |
| 2009-10 | 56.0 | 34.0 | 20.4 | 25.9 |
| 2010-11 | 54.7 | 33.2 | 22.4 | 26.9 |
| 2011-12 | 56.2 | 34.3 | 24.5 | 31.1 |
| 2012-13 | 56.5 | 33.4 | 24.5 | 31.3 |
| 2013-14 | 57.6 | 31.3 | 25.4 | 28.4 |
| 2014-15 | 58.1 | 30.1 | 23.0 | 26.0 |
| 2015-16 | 59.0 | 28.7 | 19.8 | 22.1 |
| 2016-17 | 59.3 | 28.2 | 19.2 | 20.9 |
| 2017-18 | 58.7 | 28.2 | 18.8 | 22.0 |
| 2018-19 | 59.3 | 29.5 | 19.9 | 23.7 |
| 2019-20 | 60.9 | 28.5 | 18.7 | 21.2 |
| 2020-21 | 61.1 | 27.3 | 18.7 | 19.1 |
| 2021-22 | 61.0 (provisional) | 29.6 (provisional) | 21.4 (provisional) | 24.0 (provisional) |
| 2022-23 | 61.5 | 31.2 | 23.3 | 26.8 |
| 2023-24 | 60.2 (provisional) | 30.4 (provisional) | 21.4 (provisional) | 23.5 (provisional) |
These do not add to 100%. Government spending, changes in stocks and other items, and the gap between exports and imports make up the rest. Imports are a deduction from GDP, shown here as a share so they can be compared with exports.
The latest quarters
On the newer base, real growth on the same quarter a year earlier was 7.8% in Q1 2026-27. Over these 13 quarters it was highest at 8.6% in Q4 2025-26 and lowest at 6.6% in Q1 2023-24.
View as a table
| Quarter | % change on a year earlier |
|---|---|
| Q1 2023-24 | 6.6 |
| Q2 2023-24 | 7.5 |
| Q3 2023-24 | 7.7 |
| Q4 2023-24 | 7.4 |
| Q1 2024-25 | 7.5 |
| Q2 2024-25 | 7.3 |
| Q3 2024-25 | 7.4 |
| Q4 2024-25 | 6.6 |
| Q1 2025-26 | 6.9 |
| Q2 2025-26 | 8.1 |
| Q3 2025-26 | 7.7 |
| Q4 2025-26 | 8.6 |
| Q1 2026-27 | 7.8 |
Two bases, kept apart
MoSPI rebuilt its national accounts on a 2022-23 base. The two bases disagree about the years they share. For 2023-24 the older base has GDP at ₹301.2 lakh crore and real growth of 9.2%, and the newer ₹290.7 lakh crore and 7.3%. We do not join them: the newer base covers only 4 years so far, and joining would mean choosing how to reconcile figures that MoSPI has not linked.
What this can and cannot tell you
GDP is an estimate, revised several times as more data arrive, and the latest years are provisional. Real growth uses constant prices of the base year, so it strips out the general rise in prices but depends on how MoSPI measures that. The long history joins MoSPI’s back and current series of the 2011-12 base, marked where they meet, and the two agree where they overlap. The earliest decades rest on thinner data than recent ones.
How this is worked out
x up to the year before 2012-13, then x, which are the back and current series of one base year.
nas-gdp-current-price-2011-12-back up to the year before 2011-12, then nas-gdp-current-price-2011-12, which are the back and current series of one base year.
Where the numbers come from
National Accounts Statistics, back series, 1950-51 to 2011-12
- Fetched automatically
Ministry of Statistics and Programme Implementation (MoSPI). Retrieved 29 September 2026. Source page.
- MoSPI National Accounts Division
- Where a year has several estimates, the latest in the file is shown. Estimates before the third revision are flagged provisional.
- Each base year is a separate series; the bases are not joined.
National Accounts Statistics, base 2011-12, later replaced by 2022-23
- Fetched automatically
Ministry of Statistics and Programme Implementation (MoSPI). Retrieved 29 September 2026. Source page.
- MoSPI National Accounts Division
- Where a year has several estimates, the latest in the file is shown. Estimates before the third revision are flagged provisional.
- Each base year is a separate series; the bases are not joined.
National Accounts Statistics, base 2022-23, current
- Fetched automatically
Ministry of Statistics and Programme Implementation (MoSPI). Retrieved 29 September 2026. Source page.
- MoSPI National Accounts Division
- Where a year has several estimates, the latest in the file is shown. Estimates before the third revision are flagged provisional.
- Each base year is a separate series; the bases are not joined.