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India - Gross capital formation in current prices

686,382,355,783 (US dollars) in 2016

In 2016, gross capital formation for India was 686,382 million US dollars. Gross capital formation of India increased from 110,990 million US dollars in 1997 to 686,382 million US dollars in 2016 growing at an average annual rate of 11.01 %.

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What is gross capital formation?

Gross capital formation (also known as gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress'. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

What is India gross capital formation?

Date Value Change, %
2016 686,382,355,783 -3.42 %
2015 710,706,127,171 1.35 %
2014 701,232,352,545 8.30 %
2013 647,487,117,149 -10.06 %
2012 719,932,855,805 -1.26 %
2011 729,156,625,818 11.18 %
2010 655,826,394,803 28.02 %
2009 512,291,548,769 5.66 %
2008 484,865,653,713 0.22 %
2007 483,806,074,262 34.91 %
2006 358,616,269,344 18.44 %
2005 302,782,424,046