I. Annual GDP Estimates and Growth Rates Real GDP or GDP at Constant Prices is estimated to attain a level of ₹184.88 lakh crore in the financial year 2024-25, against the Provisional Estimate of GDP for the year 2023 -24 of ₹173.82 lakh crore. The growth rate in Real GDP during 2024-25 is estimated at 6.4% as compared to 8.2% in 2023 -24. In recent years, India 's economy has become one of the fastest-growing in the world, and it is on course to become the world's third-largest economy by 2030 12) and Current Prices. Annual and quarterly estimates of GVA at Basic Prices by kind of economic activity along with year on year percent changes, expenditure components of GDP and annual estimates of Gross/Net National Income and Per Capita Income for the years 2021-22, 2022-23 and 2023 -24 at Constant and Current Prices are given in Statements 1 to 8 of Annexure A. India 's GDP in 2023 was Rs 300 trillion (Rs 300 lakh crore). [1] In dollar terms, it was $3.7 trillion. The Indian economy is projected to be the fourth largest in the world by 2024 [2] and the third largest by 2027 [3]. GDP growth GDP growth is the change in GDP over time.
