We present below a few facts about Indian Gross Domestic Product (GDP) which should be more or less correct as same has been taken from World bank data bank. Now a question comes that what is so called GDP and in layman’s term it can be defined as a measure of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The main features of Indian GDP are as given below:
Indian GDP Data
- The Gross Domestic Product (GDP) in India was worth 1847.98 billion US dollars in 2011.
- The GDP value of India represents 2.98 per cent of the world economy.
- Historically, from 1960 until 2011, India GDP averaged 368.84 USD Billion reaching an all time high of 1847.98 USD Billion in December of 2011 and a record low of 36.61 USD Billion in December of 1960.
We provide below a Historical chart for India GDP which will give a true picture that despite adversities we are growing. Hope it helps you to analyse Indian GDP value in a correct perspective. It is expected that World Bank may peg India's GDP at 5.5% in 2012 and 6% in 2013. The below chart shows amount in US Billion dollars.