India's share in the world GDP is consistently increasing since 2014 and stood at 3.1 per cent of the global GDP in 2017, Parliament was told on Wednesday.
As per the information available from World Bank and International Monetary Fund (IMF), the contribution of India to world's Gross Domestic Product (GDP) at current prices in US dollar terms was 2.6 per cent in 2014 which increased to 3.1 per cent in 2017, Minister of State for Finance Pon Radhakrishnan told Rajya Sabha in a written reply.
"As per the available data, this share in 2017 is the highest," he said.
The share was 2.8 per cent in 2015 and 3 per cent in 2016.
--IANS
vv/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app