India

Gross Domestic Product (USD)

2870.5
billion USD
Dec 62Dec 65Dec 69Dec 73Dec 77Dec 82Dec 86Dec 90Dec 94Dec 98Dec 02Dec 06Dec 11Dec 15Dec 190.000750.001.50k2.25k3.00k
  • India
  • Global Median
Source: IMF

Definition of Gross Domestic Product (USD)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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