GDP in local currency terms reached 190,540 INR bil in 2020 in India, according to the National Statistical Office. This is 6.32 % less than in the previous year.
Historically, GDP in local currency terms in India reached an all time high of 203,399 INR bil in 2019 and an all time low of 93.7 INR bil in 1950. When compared to India's main peers, GDP in local currency terms in Bangladesh amounted to 27,746 BDT bil, 102,491 CNY bil in China, 41,727 PKR bil in Pakistan and 15,006 SKR bil in Sri Lanka in 2020.
India has been ranked 12th within the group of 173 countries we follow in terms of GDP in local currency terms, 2 places behind the position seen 10 years ago.
GDP at purchaser's prices is the sum of the gross value added to the economy by all resident producers, plus any product taxes and minus any subsidies not included in the value of the products.