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India Gross Domestic Product (GDP) by Year (1961–2023)

India Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). India Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1960-2023
Country: India
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
India's GDP showcases steady growth from $39.2 billion in 1961 to $3.54 trillion in 2023. The Green Revolution of the 1960s and 1970s improved agricultural productivity, while economic liberalization in 1991 drove a shift towards a market-based economy. GDP rose from $270 billion in 1991 to over $1 trillion by 2007.

Recent years have seen rapid expansion, supported by technology and services sectors. Despite setbacks during the COVID-19 pandemic in 2020, GDP rebounded strongly to reach $3.54 trillion in 2023, positioning India as a key global economic player.

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