World Bank WITS · updated 2026-10-03 · 167 economies tracked
0.06 (2023)
##111 of 167 economies
0.6×
0.21×
1 = global #1 · higher value ranks higher
Real annual global ranks, 1988 - 2023. India climbed from #7 to #111 (overtook Denmark). Gaps in a lane = missing data that year.
Key events for India ↓Auto-detected from rank data + curated milestones
Balance-of-payments crisis triggers sweeping market reforms.
Growth slows sharply as capital flows reverse.
High-denomination notes withdrawn, causing cash shortages.
GDP records its largest contraction on record.
Export Market Penetration Index, Number of Export Partners
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