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At a glance/Growth/Investment rate
Growth · annual

Investment rate (GFCF, % of GDP)

Spending on new buildings, machinery, infrastructure and other fixed assets, as a share of GDP.

2025-26● Fresh
31.7%
Provisional Estimates
Next release expected around 2027-05-31.
Previous31.72024-25
Average, last 4 years31.92022-23 to 2025-26
Highest35.82007-08
Lowest10.01953-54

Over time

01020304031.734.7 · Global financial crisis1950-511958-591966-671974-751982-831990-911998-992006-072014-152025-26
Faded: 2011-12 base, as last published. Never joined to the 2022-23 base.CSV

Circled points are the largest swings, labelled with the nearest event in our timeline. That is when it happened, not proof of cause.

View as a table
PeriodValueStatusBase
2025-2631.7Provisional Estimates2022-23
2024-2531.7First Revised Estimates2022-23
2023-2431.8Final Estimates2022-23
2022-2332.3Final Estimates2022-23
2025-2630.0First Advance Estimates2011-12
2024-2529.9Provisional Estimates2011-12
2023-2430.4First Revised Estimates2011-12
2022-2331.2Final Estimates2011-12
2021-2229.6Second Revised Estimates2011-12
2020-2127.3Third Revised Estimates2011-12
2019-2028.5Third Revised Estimates2011-12
2018-1929.5Third Revised Estimates2011-12
2017-1828.2Third Revised Estimates2011-12
2016-1728.2Third Revised Estimates2011-12
2015-1628.7Third Revised Estimates2011-12
2014-1530.1Third Revised Estimates2011-12
2013-1431.3Additional Revision2011-12
2012-1333.4Additional Revision2011-12
2011-1234.32011-12
2010-1133.22011-12
2009-1034.02011-12
2008-0934.72011-12
2007-0835.82011-12
2006-0733.62011-12
2005-0632.82011-12
2004-0530.72011-12
2003-0428.32011-12
2002-0328.32011-12
2001-0229.92011-12
2000-0126.02011-12
1999-0027.52011-12
1998-9925.52011-12
1997-9825.42011-12
1996-9724.52011-12
1995-9625.12011-12
1994-9523.42011-12
1993-9423.72011-12
1992-9325.12011-12
1991-9224.62011-12
1990-9126.12011-12
1989-9024.62011-12
1988-8923.62011-12
1987-8824.42011-12
1986-8722.92011-12
1985-8621.82011-12
1984-8520.92011-12
1983-8420.62011-12
1982-8321.02011-12
1981-8219.92011-12
1980-8119.72011-12
1979-8020.42011-12
1978-7919.42011-12
1977-7818.82011-12
1976-7718.52011-12
1975-7617.72011-12
1974-7516.62011-12
1973-7415.92011-12
1972-7317.12011-12
1971-7216.62011-12
1970-7115.52011-12
1969-7016.12011-12
1968-6916.22011-12
1967-6816.12011-12
1966-6716.72011-12
1965-6617.12011-12
1964-6516.32011-12
1963-6416.32011-12
1962-6316.02011-12
1961-6215.82011-12
1960-6114.52011-12
1959-6013.92011-12
1958-5913.52011-12
1957-5815.02011-12
1956-5715.42011-12
1955-5614.72011-12
1954-5512.42011-12
1953-5410.02011-12
1952-5311.12011-12
1951-5211.62011-12
1950-5111.42011-12
Why it matters

Investment builds tomorrow's capacity. In the Harrod–Domar and Solow models it is the engine of growth.

What it leaves out

It counts spending, not how productive the investment turns out to be.

How we compute it

Gross fixed capital formation at current prices divided by GDP at current prices, × 100.

Independent check

India's figure and the World Bank's

Over the last 8 years both cover, the two differ by 0.1 percentage points on average, and by 0.1 at most (2023-24). Both are gross fixed capital formation over GDP; the World Bank applies its own definitions.

10152025303540India-reported 31.7World Bank 31.719681976198419922000200820162024
Solid: India · dashed: World Bank · by financial year · World Bank WDI (CC BY 4.0)
YearIndiaWorld BankGap
2025-2631.731.7+0.0
2024-2531.731.6+0.1
2023-2431.831.9−0.1
2022-2332.332.4−0.1
2021-2229.629.6+0.0
2020-2127.327.30.0
2019-2028.528.4+0.1
2018-1929.529.5+0.0
RelatedGDP growth, full year →Size of the economy →
Past-paper questionsHarrod–Domar and Solow growth models →National income accounting →Indian statistical system and national accounts →
Source · MoSPI, National Accounts Statistics · Official statistics, attributed to MoSPI
Unit · % of GDP, current prices, base 2022-23 · worked out by us
Release · With the annual national accounts.
Last checked · 2026-11-08 · freshness of every number →
Series id · growth.gfcf.rate