India real GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP

India, India GDP, Gross domestic product, GDP, GDP PPP, projected GDP, forecast, IMF, Real GDP growth rate, Projected real GDP growth rate, Nominal GDP in current prices

According to the International Monetary Fund (IMF), real GDP of India is forecast to grow by 1.9 percent in 2020 and 7.4 percent in 2021.

Download the data and forecasts in 1980-2024: India GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP (xls)

1) Real GDP growth rate: 2010 – 10.3 percent, 2011 – 6.6 percent, 2012 – 5.5 percent, 2013 – 6.4 percent, 2014 – 7.4 percent, 2015 – 8.0 percent, 2016 – 8.3 percent, 2017 – 7.0 percent, 2018 – 6.1 percent and 2019 – 4.2 percent.

Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

2) Projected real GDP growth rate: 2020 – 1.9 percent, 2021 – 7.4 percent, 2022 – 7.4 percent, 2023 – 7.4 percent and 2024 – 7.3 percent.

3) Nominal GDP in current prices, billions of Indian rupee (code: INR; sign: ₹): 2010 – ₹77,841.200 billion, 2011 – ₹87,363.300 billion, 2012 – ₹99,440.100 billion, 2013 – ₹112,335.200 billion, 2014 – ₹124,679.600 billion, 2015 – ₹137,718.700 billion, 2016 – ₹153,623.900 billion, 2017 – ₹170,950.100 billion, 2018 – ₹190,101.600 billion and 2019 – ₹208,984.927 billion.

4) Projected nominal GDP in current prices, billions of Indian rupee: 2020 – ₹232,524.022 billion, 2021 – ₹259,524.776 billion, 2022 – ₹289,828.334 billion, 2023 – ₹323,658.575 billion and 2024 – ₹361,073.280 billion.

5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $1,708.460 billion, 2011 – $1,823.052 billion, 2012 – $1,827.637 billion, 2013 – $1,856.721 billion, 2014 – $2,039.127 billion, 2015 – $2,103.588 billion, 2016 – $2,289.754 billion, 2017 – $2,652.245 billion, 2018 – $2,718.732 billion and 2019 – $2,935.570 billion.

Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).

6) Projected nominal GDP in current prices, billions of U.S. dollars: 2020 – $3,202.183 billion, 2021 – $3,509.654 billion, 2022 – $3,847.967 billion, 2023 – $4,223.843 billion and 2024 – $4,631.761 billion.

7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $5,311.154 billion, 2011 – $5,782.036 billion, 2012 – $6,214.485 billion, 2013 – $6,727.337 billion, 2014 – $7,359.577 billion, 2015 – $8,030.815 billion, 2016 – $8,783.888 billion, 2017 – $9,579.686 billion, 2018 – $10,413.608 billion and 2019 – $11,043.180 billion.

GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.

GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.

8) Projected GDP PPP in current prices, billions of international dollars: 2020 – $11,321.280 billion, 2021 – $12,399.001 billion, 2022 – $14,857.195 billion, 2023 – $16,281.952 billion and 2024 – $17,827.323 billion.

9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $1,422.9, 2011 – $1,497.7, 2012 – $1,481.6, 2013 – $1,485.6, 2014 – $1,610.4, 2015 – $1,639.7, 2016 – $1,761.6, 2017 – $2,014.0, 2018 – $2,037.7 and 2019 – $2,171.6.

GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

10) Projected nominal GDP per capita in current prices, U.S. dollars: 2020 – $2,338.1, 2021 – $2,529.3, 2022 – $2,737.1, 2023 – $2,965.5 and 2024 – $3,209.7.

11) GDP PPP per capita in current prices, international dollars: 2010 – $4,423.5, 2011 – $4,750.3, 2012 – $5,037.7, 2013 – $5,382.7, 2014 – $5,812.1, 2015 – $6,259.8, 2016 – $6,752.5, 2017 – $7,277.0, 2018 – $7,858.7 and 2019 – $8,378.4.

Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.

12) Projected GDP PPP per capita in current prices, international dollars: 2020 – $9,026.9, 2021 – $9,770.3, 2022 – $10,568.3, 2023 – $11,431.3 and 2024 – $12,353.8.

13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 5.9 percent, 2011 – 6.1 percent, 2012 – 6.2 percent, 2013 – 6.4 percent, 2014 – 6.6 percent, 2015 – 6.9 percent, 2016 – 7.3 percent, 2017 – 7.5 percent, 2018 – 7.7 percent and 2019 – 8.0 percent.

Expressed in percent of world GDP in PPP dollars.

14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2020 – 8.3 percent, 2021 – 8.6 percent, 2022 – 8.9 percent, 2023 – 9.2 percent and 2024 – 9.6 percent.

15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 109.0 percent, 2011 – 105.2 percent, 2012 – 107.9 percent, 2013 – 106.2 percent, 2014 – 103.3 percent, 2015 – 102.3 percent, 2016 – 103.1 percent, 2017 – 103.8 percent, 2018 – 104.1 percent and 2019 – 103.6 percent.

The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.

16) Projected deflator of Gross domestic product (index to the previous year), percent: 2020 – 104.0 percent, 2021 – 103.9 percent, 2022 – 103.9 percent, 2023 – 103.9 percent and 2024 – 103.9 percent.

17) Ratio of the average price level in India to the average price level in the United States, percent: 2010 – 32.2 percent, 2011 – 31.5 percent, 2012 – 29.4 percent, 2013 – 27.6 percent, 2014 – 27.7 percent, 2015 – 26.2 percent, 2016 – 26.1 percent, 2017 – 27.7 percent, 2018 – 25.9 percent and 2019 – 25.9 percent.

18) Projected ratio of the average price level in India to the average price level in the United States, percent: 2020 – 25.9 percent, 2021 – 25.9 percent, 2022 – 25.9 percent, 2023 – 25.9 percent and 2024 – 26.0 percent.

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Tags: English, GDP, GDP PPP, projected GDP, IMF, India

Source: BusinessForecast.by

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