It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]

The Gross Domestic Product (GDP) in India was worth 3549.92 billion US dollars in 2023, according to official data from the World Bank. The GDP value of India represents 3.37 percent of the world economy. source: World Bank

Gross domestic product (GDP) increased by 8.2%, according to the Statistics Ministry, cementing India’s status as the world’s fastest growing major economy. The rate of growth was higher than the Modi government’s forecast of 7.6%.

Gross domestic product (GDP) in the world’s fastest growing major economy surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday.

Real GDP (constant, inflation adjusted) of India reached $2,432,020,000,000 in 2022. GDP Growth Rate in 2022 was 7.00%, representing a change of 193,390,000,000 US$ over 2021, when Real GDP was $2,761,590,000,000.