New Delhi5 minutes ago
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India’s economy has doubled in the last 10 years. This growth of the economy is the fastest in the world. According to the data of the International Monetary Fund, IMF, India’s GDP has increased by 105% in the last decade.
India currently has GDP 4.3 trillion dollars. Whereas in 2015 it was $ 2.1 trillion. According to the IMF, by the third quarter of 2025, India will overtake Japan in terms of economy and become the fourth major economy in the world.
Japan’s GDP is currently $ 4.4 trillion. At the same time, if the current rate of growth remains, India will also surpass Germany (4.9 trillion GDP) by the second quarter of 2027.
Economy of $ 10 trillion by 2032
If India’s GDP growth speed is the same, then every 1.5 years will add 1 trillion dollars to the economy. With this, India can become an economy of $ 10 trillion by 2032.
Commerce Minister Piyush Goyal said that during Prime Minister Modi’s tenure, India has doubled GDP in 10 years. Now India is moving towards becoming the third major economy in the world.
He said India has performed better than China (76%), USA (66%), Germany (44%), France (38%) and UK (28%), leaving behind other major economies in the world.
India strong in terms of debt
The top two places are the US ($ 30.3 trillion) and China ($ 19.5 trillion) economy by size. But India is in a strong position from both countries in terms of debt.
US debt is $ 36.22 trillion by March 2025. China’s debt is $ 2.52 trillion. While India has a loan of $ 712 billion.
