Gross domestic product (GDP) in India 2029

The statistic shows GDP in India from 1987 to 2023, with projections up until 2029. In 2023, GDP in India was at around 3.57 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison.  Historical development of the Indian economyIn the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

本数据集展示了自1987年至2023年印度GDP的统计情况，并对2029年的数据进行预测。在2023年，印度的GDP约为3.57万亿美元，预计在十年结束时将达到60万亿美元。请参阅此处印度经济增长的图表，以及俄罗斯GDP进行对比。印度经济的历史发展：在20世纪50年代和60年代，印度新独立政府在采纳混合经济体制，融合资本主义和社会主义两大系统元素的决定，导致由于政策实施乏力和制度本身缺陷所引起的干预主义文化，产生了巨大的低效。在印度，由于诸多阻碍，包括劳动力技能不足等问题，向苏联式的大规模计划经济体制的转变未能获得显著动力。90年代初，随着价格管制的解除，小规模工业大量涌现，政府经济开始复苏。然而，随着苏联——印度的主要贸易伙伴——的解体，社会主义政策对经济的阻碍作用暴露无遗，印度经济经历了大规模的改革与开放。进入21世纪，印度迅速向自由市场经济体制转型。印度的持续发展使其成为快速发展的新兴经济体集团BRICS中的一员，现任莫迪政府在执政的第一个十年内见证了印度GDP的翻倍。