World Bank WITS · updated 2026-10-03 · 166 economies tracked
431.41M (2023)
##13 of 166 economies
2.6%
31.1×
1 = global #1 · higher value ranks higher
Real annual global ranks, 1988 - 2023. India climbed from #6 to #13 (overtook Spain). 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High-denomination notes withdrawn, causing cash shortages.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.
Total value of exports, Imports - Trade Value (US$ Thousand), Total value of imports, Export Market Penetration Index
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