GDP Growth from 2007 to 2028

India's GDP witnessed a significant increase, growing from $1238.70 billion in 2007 to an estimated $5944.38 billion in 2028. This represents a growth of over 380% in just 21 years, highlighting the country's rapid economic expansion.

Annual Growth Rate Variation

Between 2008 and 2009, the GDP grew by 11.5%, marking one of the highest year-on-year growth rates in the dataset. Conversely, the transition from 2019 to 2020 saw a decrease of 5.8%, indicating the most significant annual contraction within the period analyzed.

Decade Comparison

The decade from 2018 to 2028 shows remarkable growth, with GDP increasing from $2702.93 billion to $5944.38 billion. This growth outpaces the previous decade (2008-2018), which saw an increase from $1224.10 billion to $2702.93 billion, underlining the acceleration of economic growth in the more recent decade.

Economic Recovery Post-2020

After a dip in 2020 where GDP fell to $2671.60 billion, India's economy demonstrated resilience and a strong recovery trajectory, with consecutive increases to reach $5944.38 billion by 2028, showcasing the economy's ability to bounce back from downturns.

Notable GDP Milestones

India's GDP crossed the $2000 billion threshold in 2014, reaching $2039.13 billion. It surpassed $3000 billion by 2021, with a GDP of $3150.31 billion, marking significant economic milestones within a span of 7 years.

Comparing Early 2000s to 2020s Growth

The growth from 2001 to 2010 saw the GDP increase from $493.95 billion to $1708.46 billion, a more than threefold increase. In contrast, the decade following 2020 anticipates a near doubling from $2671.60 billion to $5944.38 billion, reflecting a shift in growth pace.

Impact of the 2008 Financial Crisis

Despite the global financial crisis in 2008, India's GDP grew from $1224.10 billion in 2008 to $1365.37 billion in 2009, indicating a resilient economy that managed a 11.5% growth during a period of global economic instability.

Long-term Economic Expansion

The data from 1990 to 2028 illustrates a long-term trend of economic growth, with GDP expanding from $326.61 billion in 1990 to $5944.38 billion in 2028. This growth trajectory underscores the significant economic development India has undergone over nearly four decades.