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In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population. Per capita income growth from 1850 to 1900 is estimated to range from 0.75% to 1.25% annually.
The economy of India is a developing dirigisme mixed economy with a notable public sector in strategic sectors. [5] 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 136th by GDP (nominal) and 125th by GDP (PPP). [60]
India's nominal per capita income was US$1,670 per year in 2016, ranked 112th out of 164 countries by the World Bank, [ 7] while its per capita income on purchasing power parity (PPP) basis was US$5,350, and ranked 106th. [ 8] Other estimates for per capita gross national income and gross domestic product vary by source.
In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. The Republic of India, founded in 1947, adopted central planning for most of its independent history, with extensive public ownership, regulation, red tape and trade barriers. [ 13][ 14] After the 1991 economic crisis, the central government began ...
The following table shows the annual growth in nominal GSDP for the financial years 2001–02 to 2010–11, released by the Planning Commission of India, in the Indian rupees. [ 1 ] Revised data for the past years differ from the tables below.
NSDP per capita of Indian states and union territories, 2018–19. This is a list of Indian states and union territories by NSDP per capita.Net state domestic product (NSDP) is the state counterpart to a country's Net domestic product (NDP), which equals the gross domestic product (GDP) minus depreciation on capital goods.
The economy of Punjab is the 16th largest state economy in India with ₹8.02 lakh crore (US$96 billion) [ 1] (FY2024-25) in gross domestic product and a per capita GDP of US$3,338 (264,000) ranking 19th amongst Indian states. [ 7][ 8]
The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore (US$131.98 billion) in 2020–2021. [ 2] Per-capita GSP of Kerala during the same period is ₹257,711 (US$3,100), the sixth largest in India. [ 1] In 2019–20, the tertiary sector contributed around 63% of the state's GSVA ...