- By Aditya Pratap Singh
- Wed, 26 Mar 2025 09:34 AM (IST)
- Source:JND
India's GDP Growth: India's economy has been the fastest growing in the world over the past ten years, growing by more than 100% in a decade. According to the latest data from the International Monetary Fund (IMF), India's gross domestic product (GDP) was $2.1 trillion in 2015 and as per estimate it has doubled its value to $4.3 trillion by 2025, an increase of 105%.
In the first term of Prime Minister Narendra Modi, India's GDP was $2.1 trillion and currently, it has reached to $4.3 trillion. Since then, India has more than doubled its gross domestic product (GDP).
Rapid economic growth has been made possible by political reforms and stable economic growth.
As per estimates, rapid economic growth will lead to India overtaking Japan by 2025 and Germany by 2027. This will make India the third-largest economy in the world. The IMF said that the main reason for India's rapid economic growth is its strong policy reforms and stable economic development.
Earlier this month, the IMF Executive Board also praised India's economic policies. The board said India's strong performance can help it become a developed economy by 2047. The IMF also suggested that India should focus on reforming the labour market and increasing women's participation, which can create high-quality jobs.
India's GDP To Surpass Japan Next Fiscal Year
India is on track to overtake Japan to become the world's fourth-largest economy. Japan's GDP is currently $4.4 trillion, and India is projected to surpass this figure by the third quarter of 2025. If the average growth rate continues at this pace, India will overtake Germany as the world's third-largest economy by the second quarter of 2027. Germany's GDP is currently $4.9 trillion.