GDP of India in 2023 - Expenditure Approach, Sector Output, and Regional GDP

India’s economy has always been driven by private consumption, accounting for 55-65% of the total GDP in the past 20 years. In the future development, due to factors such as the strong growth of domestic household income and the increase of disposable income, private consumption will gradually maintain growth from 59% in 2021 in the next 10 years. India’s economy has been driven by private consumption for many years. In the past 20 years, it has accounted for about 55-65% of the total GDP. In the future development, it is expected that the proportion of private consumption will gradually maintain growth in the next ten years from 59% in 2021 due to strong domestic household income and the growth of expendable consumption. . However, the main drivers of economic growth are exports and foreign direct investment. In 2021, these two values will account for 28.5% and 21.4% respect...