Ministry of Finance

GDP and the Economy

• The share of Indian economy in world (measured as a ratio of India’s GDP to world’s GDP at current US$) increased from 2.6 per cent in 2014 to 3.2 per cent in 2017 (as per World Development Indicators database).
• The average share of Indian economy in world during 1960 to 2013 was 1.8 per cent.
• The average growth of the Indian economy during 2014-15 to 2017-18 was 7.3 per cent, fastest among the major economies in the world.
• Indian economy is projected to be the fastest growing major economy in 2018-19 and 2019-20 (International Monetary Fund October 2018 ....