Growth Rate

Updated on 20 Oct, 2023

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What is the growth rate of India in 2023?

According to India’s National Statistical Office, India’s GDP growth rate accelerated to 7.8% year-on-year in the April-June quarter of 2023, up from 6.1% year-on-year in the January-March quarter of 2023.

What is India’s GDP in 2023?

The Finance Ministry has announced India’s GDP to be $3.75 trillion in June 2023. A significant jump from $2 trillion in 2014. The International Monetary Fund (IMF) projected India’s GDP to grow 6.3% in the current fiscal year. Since the COVID-19 pandemic, the Indian economy rebounded with an exponential growth rate of 9.1% in FY 2021-22.

What is India’s GDP in the last 10 years?

India’s GDP in the last 10 years has been constantly increasing except for 2020 when it has faced significant drop as in the below statistics:

Year	GDP
2023 (till June)	$3,737.00B
2022	$3,385.09B
2021	$3,150.31B
2020	$2,671.60B
2019	$2,835.61B
2018	$2,702.93B
2017	$2,651.47B
2016	$2,294.80B
2015	$2,103.59B
2014	$2,039.13B

Which industry will grow in 2023?

In addition to the Information Technology industry, the following industries show promising growth opportunities in 2023: healthcare technology, defense, EVs and stustainable transportation, clean water and sanitation, renewable energy, sustainable agriculture and fintech.

Which sector is growing fast in India in 2023?

Since the pandemic, the Indian economy has been growing quickly. India has emerged as a successful market for many sectors. Some industries have demonstrated remarkable potential and have become catalysts for India’s economic growth.

Defense, Healthcare and Insurance, Renewable Energy, Information Technology, Banking and Financial Services and Infrastructure are among the fast-growing sectors in India.