New Delhi: Commerce and Industry Minister Piyush Goyal has lauded India’s exceptional economic growth, as the country’s Gross Domestic Product (GDP) has doubled in the last 10 years, reaching a remarkable $4.3 trillion in 2025. This milestone, based on the latest data from the International Monetary Fund (IMF), signifies a 105% increase from $2.1 trillion in 2015, making India one of the fastest-growing major economies in the world.
In a statement on Sunday, Minister Goyal described India’s economic leap as “outstanding,” highlighting the country’s achievement in surpassing several global powers in terms of growth rate. He tweeted, “Global shift is real! PM Narendra Modi has led India to double its GDP in the last decade, positioning it to become the third-largest economy globally soon.”
India’s remarkable economic expansion places it among the top five economies worldwide, and it is on track to surpass Japan in 2025. Projections also indicate that India could potentially overtake Germany by 2027. The IMF’s inflation-adjusted data shows that India’s GDP growth over the past decade stands at an impressive 77%, rising from $2.4 trillion in 2015 to $4.3 trillion in 2025.
This growth is especially significant when compared to other major global economies. The United States, while still the world’s largest economy, recorded a relatively slower growth rate of 28%, with its GDP increasing from $23.7 trillion in 2015 to $30.3 trillion in 2025. Although slower than Asian economies like India, the US remains a dominant force in global economic stability.
China, often touted as a rising economic powerhouse, saw a 74% increase in GDP over the same period, growing from $11.2 trillion in 2015 to $19.5 trillion in 2025. Despite its substantial growth, earlier projections that China would surpass the United States to become the world’s largest economy have not materialized. Analysts attribute this to several economic headwinds, including the lingering effects of the COVID-19 pandemic and persistent challenges in China’s property sector.
The IMF’s report also highlighted the moderate growth seen in other advanced economies. The United Kingdom, France, Germany, and Japan experienced more subdued GDP increases, ranging from 6% to 14%. While these nations are not growing as rapidly as emerging economies like India and China, they continue to exert significant influence in global trade, finance, and geopolitics.
Brazil, on the other hand, has recorded the lowest GDP growth among the top 10 economies, posting only an 8% increase from $2.1 trillion in 2015 to $2.3 trillion in 2025. The country’s economic struggles have been compounded by the collapse of commodity prices in 2014 and the slow recovery from the resulting recession.
India’s rapid growth has been driven by a combination of factors, including substantial investments in infrastructure, a burgeoning tech and services sector, and a young, dynamic workforce. The country has become a hub for global tech giants, while its growing middle class continues to fuel domestic demand. The government’s economic reforms, such as the implementation of the Goods and Services Tax (GST) and the push for digitalization, have also played a key role in accelerating the country’s economic trajectory.
As India celebrates this milestone, the focus now shifts to sustaining this growth and overcoming challenges like income inequality, unemployment, and environmental sustainability. The government’s push for self-reliance under the “Atmanirbhar Bharat” initiative, along with efforts to boost manufacturing and innovation, will be crucial in maintaining India’s upward economic trajectory.
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