In 2016, gross fixed capital formation for India was 637,539 million US dollars. Gross fixed capital formation of India increased from 103,132 million US dollars in 1997 to 637,539 million US dollars in 2016 growing at an average annual rate of 10.79 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.