India’s Contribution to World’s GDP
As per the information available from World Bank and International Monetary Fund (IMF), the contribution of India to world’s Gross Domestic Product (GDP), measured as share of GDP of India in world GDP (at current prices in US$ terms) is consistently increasing since 2014 as shown in the table below. As per the available data, this share in 2017 is the highest.
India’s share in world GDP at current prices in US$ terms (per cent)
|Share of India in world GDP||2.6||2.8||3.0||3.1|
Source: Calculated based on the data from IMF’s World Economic Outlook October 2017 Database and World Development Indicators.
This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in written reply to a question in Rajya Sabha.