NAAG Chapter 3B: Gross fixed capital formation by asset type in India

India: NAAG Chapter 3B: Gross fixed capital formation by asset type was 30.43 Percentage of GDP in 2023. β–² Rising

Latest (2023)
30.43 Percentage of GDP
Change on year
down 2.6%
World rank
2nd
of 36 countries
All-time high
35.57 Percentage of GDP
in 2007
All-time low
15.64 Percentage of GDP
in 1970
Years of data
54
1970–2023

NAAG Chapter 3B: Gross fixed capital formation by asset type in India, 1970–2023

010203040197019962023

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

India recorded 30.43 Percentage of GDP for naag chapter 3b: gross fixed capital formation by asset type in 2023.

The figure is down 2.6% on the previous year and down 2.8% over ten years.

Over the whole period, naag chapter 3b: gross fixed capital formation by asset type in India peaked at 35.57 Percentage of GDP in 2007 and was at its lowest, 15.64 Percentage of GDP, in 1970.

That places India 2nd out of 36 countries with data for 2023, putting it in the top 10%.

The long-run direction has been consistently rising across the 54 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 18.21 Percentage of GDP 15.64 Percentage of GDP 21.05 Percentage of GDP 10
1980s 23.13 Percentage of GDP 20.96 Percentage of GDP 24.54 Percentage of GDP 10
1990s 24.99 Percentage of GDP 23.21 Percentage of GDP 25.99 Percentage of GDP 10
2000s 30.62 Percentage of GDP 24.57 Percentage of GDP 35.57 Percentage of GDP 10
2010s 30.56 Percentage of GDP 28.18 Percentage of GDP 34.31 Percentage of GDP 10
2020s 29.64 Percentage of GDP 27.32 Percentage of GDP 31.22 Percentage of GDP 4

Countries ranked near India

  1. 1 China 39.87 Percentage of GDP compare
  2. 3 Indonesia 28.77 Percentage of GDP compare
  3. 4 Japan 27.81 Percentage of GDP compare
  4. 5 Iceland 26.66 Percentage of GDP compare

See the full ranking of 47 places β†’

More reference data data for India

All data for India β†’

Frequently asked questions

What is naag chapter 3b: gross fixed capital formation by asset type in India?
Naag chapter 3b: gross fixed capital formation by asset type in India was 30.43 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
What is the highest naag chapter 3b: gross fixed capital formation by asset type recorded in India?
The highest recorded value was 35.57 Percentage of GDP in 2007.
What is the lowest naag chapter 3b: gross fixed capital formation by asset type recorded in India?
The lowest recorded value was 15.64 Percentage of GDP in 1970.
How does India rank for naag chapter 3b: gross fixed capital formation by asset type?
India ranks 2nd out of 36 countries with data for 2023.
Is naag chapter 3b: gross fixed capital formation by asset type rising or falling in India?
Over the last ten years it is down 2.8%. The long-run trend across the full record is rising.
Where does this India data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of NAAG Chapter 3B: Gross fixed capital formation by asset type. Statizoid updates them automatically from the source API.

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NAAG Chapter 3B: Gross fixed capital formation by asset type in India. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/naag-chapter-3b-gross-fixed-capital-formation-by-asset-type/india/

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About this data

Indicator
NAAG Chapter 3B: Gross fixed capital formation by asset type
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
47 places, 2,254 data points, 1970–2025
Last refreshed

The National Accounts at a Glance (NAAG) is based on the original publication and has nine chapters: The first chapter focuses on indicators of Gross Domestic Product (GDP). The second is about income and related indicators and presents measures of net national income, savings and net lending/net borrowing. The third chapter looks at the expenditure approach to GDP, with information on the key components of demand and imports. The fourth chapter presents indicators from a production perspective. The fifth chapter looks at household sector indicators such as household disposable income, saving and net worth. The sixth chapter focuses on general government, presenting indicators such as general government revenue, expenditure and gross debt. The seventh chapter looks at financial and non-financial corporations. The eighth chapter presents indicators of capital stock and depreciation. Finally, chapter 9 provides reference indicators, important in their own right but also because they are used in the construction of many of the indicators presented elsewhere in NAAG.