Between 2014 and 2024, Indiaโs GDP saw a major jump from about $2 trillion to $3.7 trillion, an increase of $1.7 trillion. In rupee terms, the GDP grew from โน113 lakh crore to โน294 lakh crore, adding โน181 lakh crore over the decade. GDP per capita also improved significantly. In 2014, it was around $1,600. By 2024, it rose to roughly $2,600 an increase of over 60%. This shows that not only did the overall economy grow, but the average income per person also went up meaningfully. And letโs not forget, 2020-21 was hit by the COVID-19 pandemic a once in 100 years global event that caused economies worldwide, including Indiaโs, to temporarily contract.
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