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India’s GDP Soars 105 Per Cent In A Decade, Set To Overtake Japan By 2025 And Germany By 2027: IMF Data
India’s GDP Soars 105 Per Cent In A Decade, Set To Overtake Japan By 2025 And Germany By 2027, As Per IMF Data
Over the last decade, India has emerged as the fastest-growing major economy in the world, with a remarkable 105 per cent GDP growth, according to the latest data from the International Monetary Fund (IMF), as reported by NDTV.
With its Gross Domestic Product (GDP) now standing at $4.3 trillion, India is on the brink of surpassing Japan ($4.4 trillion) to become the world’s fourth-largest economy by the third quarter of 2025.
A decade ago, in 2015, when Prime Minister Narendra Modi’s first term was still in its early days, India's economy was valued at $2.1 trillion. Since then, the country has more than doubled its GDP, outpacing every major global economy in terms of growth rate.
If the current growth momentum continues, India is projected to overtake Germany ($4.9 trillion) by the second quarter of 2027, securing its position as the third-largest economy in the world.
India's economic expansion has outperformed all major economies, including China (76 per cent), the United States (66 per cent), Germany (44 per cent), France (38 per cent), and the United Kingdom (28 per cent) over the past decade.
Commerce and Industry Minister Piyush Goyal has lauded India's economic performance, calling it "outstanding" and a testament to the country's rapid transformation over the past ten years.
While India’s growth has been unmatched, the United States ($30.3 trillion) and China ($19.5 trillion) remain the largest economies in the world.
Germany, currently at third place ($4.9 trillion), and Japan at fourth ($4.4 trillion), are next in line as India continues its upward trajectory.
