GDP deflator (base year varies by country), annual growth rate in India

India: GDP deflator (base year varies by country), annual growth rate was 3.2 % change on previous year in 2024. ◆ Volatile

Latest (2024)
3.2 % change on previous year
Change on year
up 23.5%
World rank
126th
of 211 countries
All-time high
17.83 % change on previous year
in 1973
All-time low
-1.65 % change on previous year
in 1975
Years of data
54
1971–2024

GDP deflator (base year varies by country), annual growth rate in India, 1971–2024

05101520197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

India recorded 3.2 % change on previous year for gdp deflator (base year varies by country), annual growth rate in 2024.

Compared with earlier readings it is up 23.5% on the previous year and down 3.9% over ten years.

Over the whole period, gdp deflator (base year varies by country), annual growth rate in India peaked at 17.83 % change on previous year in 1973 and was at its lowest, -1.65 % change on previous year, in 1975.

That places India 126th out of 211 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

GDP deflator (base year varies by country), annual growth rate in India, year by year

Annual values for GDP deflator (base year varies by country), annual growth rate in India, 1971 to 2024.
Year % change on previous year Change
1971 5.32 % change on previous year
1972 10.84 % change on previous year +103.6%
1973 17.83 % change on previous year +64.5%
1974 16.67 % change on previous year -6.5%
1975 -1.65 % change on previous year -109.9%
1976 5.98 % change on previous year -462.8%
1977 5.64 % change on previous year -5.8%
1978 2.46 % change on previous year -56.4%
1979 15.73 % change on previous year +539.3%
1980 11.51 % change on previous year -26.8%
1981 10.83 % change on previous year -5.9%
1982 8.1 % change on previous year -25.2%
1983 8.55 % change on previous year +5.6%
1984 7.92 % change on previous year -7.4%
1985 7.19 % change on previous year -9.2%
1986 6.79 % change on previous year -5.6%
1987 9.33 % change on previous year +37.4%
1988 8.23 % change on previous year -11.7%
1989 8.44 % change on previous year +2.5%
1990 10.67 % change on previous year +26.5%
1991 13.75 % change on previous year +28.9%
1992 8.97 % change on previous year -34.8%
1993 9.86 % change on previous year +10.0%
1994 9.98 % change on previous year +1.2%
1995 9.06 % change on previous year -9.2%
1996 7.57 % change on previous year -16.4%
1997 6.48 % change on previous year -14.5%
1998 8.01 % change on previous year +23.7%
1999 3.07 % change on previous year -61.7%
2000 3.64 % change on previous year +18.8%
2001 3.22 % change on previous year -11.8%
2002 3.72 % change on previous year +15.6%
2003 3.87 % change on previous year +4.1%
2004 5.73 % change on previous year +48.0%
2005 5.62 % change on previous year -1.8%
2006 8.4 % change on previous year +49.4%
2007 6.94 % change on previous year -17.3%
2008 9.19 % change on previous year +32.4%
2009 7.04 % change on previous year -23.4%
2010 10.53 % change on previous year +49.5%
2011 8.73 % change on previous year -17.0%
2012 7.93 % change on previous year -9.2%
2013 6.19 % change on previous year -22.0%
2014 3.33 % change on previous year -46.2%
2015 2.28 % change on previous year -31.6%
2016 3.24 % change on previous year +42.0%
2017 3.97 % change on previous year +22.6%
2018 3.88 % change on previous year -2.2%
2019 2.41 % change on previous year -38.1%
2020 4.82 % change on previous year +100.2%
2021 8.35 % change on previous year +73.5%
2022 5.9 % change on previous year -29.4%
2023 2.59 % change on previous year -56.0%
2024 3.2 % change on previous year +23.5%

Averages by decade

DecadeAverage LowestHighest Years
1970s 8.76 % change on previous year -1.65 % change on previous year 17.83 % change on previous year 9
1980s 8.69 % change on previous year 6.79 % change on previous year 11.51 % change on previous year 10
1990s 8.74 % change on previous year 3.07 % change on previous year 13.75 % change on previous year 10
2000s 5.74 % change on previous year 3.22 % change on previous year 9.19 % change on previous year 10
2010s 5.25 % change on previous year 2.28 % change on previous year 10.53 % change on previous year 10
2020s 4.97 % change on previous year 2.59 % change on previous year 8.35 % change on previous year 5

Countries ranked near India

  1. 123 Namibia 3.25 % change on previous year compare
  2. 124 Singapore 3.24 % change on previous year compare
  3. 125 Malta 3.23 % change on previous year compare
  4. 127 Greece 3.15 % change on previous year compare
  5. 128 Andorra 3.14 % change on previous year compare
  6. 129 Germany 3.11 % change on previous year compare

See the full ranking of 211 places →

More population data for India

All data for India →

Frequently asked questions

What is gdp deflator (base year varies by country), annual growth rate in India?
Gdp deflator (base year varies by country), annual growth rate in India was 3.2 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp deflator (base year varies by country), annual growth rate recorded in India?
The highest recorded value was 17.83 % change on previous year in 1973.
What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in India?
The lowest recorded value was -1.65 % change on previous year in 1975.
How does India rank for gdp deflator (base year varies by country), annual growth rate?
India ranks 126th out of 211 countries with data for 2024.
Is gdp deflator (base year varies by country), annual growth rate rising or falling in India?
Over the last ten years it is down 3.9%. The long-run trend across the full record is volatile.
Where does this India data come from?
The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.

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GDP deflator (base year varies by country), annual growth rate in India. Statizoid, drawing on Statizoid (derived). Retrieved 29 August 2026, from https://population.statizoid.com/stat/gdp-deflator-base-year-varies-by-country-annual-growth-rate/india/

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How this figure is calculated

The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP deflator (base year varies by country), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 9,847 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.