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Gross fixed capital formation in current prices

(US dollars)

In 2016, gross fixed capital formation in India was 637,539 million US dollars. In the ranking by gross fixed capital formation including 195 countries, India has the 78th rank that is close to the positions of such countries as Iceland and the Indonesia. Compared to Afghanistan which at the top of the ranking with gross fixed capital formation of 3,479 million US dollars in 2016, India has 18,220.20 % percent higher gross fixed capital formation.

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What is gross fixed capital formation?

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.