By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NPR
  • Artificial Intelligence
  • Blockchain
  • Tips & Tricks
  • Mobile
  • Gadgets
  • Tech News
NPRNPR
Font ResizerAa
  • Artificial Intelligence
  • Blockchain
  • Tips & Tricks
  • Mobile
  • Gadgets
  • Tech News
Search
  • Artificial Intelligence
  • Blockchain
  • Tips & Tricks
  • Mobile
  • Gadgets
  • Tech News

Top Stories

Explore the latest updated news!

Gurugram Techie Admits To Cops Why He Was Living In Hiding In Ayodhya

Bad News For Trump, US Loses Last AAA Rating, Moody’s Flags Rising Debt

Musk’s xAI Blames ‘Unauthorised’ Tweak For ‘White Genocide’ Posts

Stay Connected

Find us on socials
248.1kFollowersLike
61.1kFollowersFollow
165kSubscribersSubscribe
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
NPR > Blog > News > At $4 Trillion, India’s GDP Doubles In Decade, Outpaces World With 105% Rise
News

At $4 Trillion, India’s GDP Doubles In Decade, Outpaces World With 105% Rise

admin
Last updated: March 25, 2025 8:10 pm
By admin
Share
SHARE

India has been the fastest growing major economy in the world for the last ten years, with the latest data from the International Monetary Fund or IMF showing a staggering 105 per cent growth in the last decade.

According to the IMF, India’s GDP currently stands at $4.3 trillion. It was $2.1 trillion in 2015, when Narendra Modi’s first term as prime minister was less than a year in office. Since then, India has more than doubled its economy in terms of Gross Domestic Product or GDP.

India is on the cusp of overtaking Japan as the fourth-largest economy in the world. Japan’s GDP currently stand at $4.4 trillion and India is poised to go past that mark by the third quarter of 2025. Should the average rate of growth continue the way it is, India will surpass Germany – the 3rd-largest economy globally – by the 2nd quarter of in 2027. Germany’s GDP currently stands at $4.9 trillion.

Commerce and Industry Minister Piyush Goyal has called India’s 10-year economic performance “outstanding”, hailing the country for doubling its GDP in a decade. Mr Goyal highlighted that India, which has topped the world with a growth rate of 105 per cent in 10 years, has outperformed other major economies like China (76 per cent), USA (66 per cent), Germany (44 per cent), France (38 per cent) and UK (28 per cent).

India has outpaced all the nations in the G7, the G20, and the BRICS by more than doubling its size of economy.

Latest and Breaking News on NDTV

“The global shift is real! PM Narendra Modi-ji has led India to double its GDP in the last decade, positioning it to become the third-largest economy globally soon,” Mr Goyal said.

‘THE BIG TWO’

While India topped the list in terms of pace of growth, the top two spots in terms of size of economy remained the United States ($30.3 trillion) and China ($19.5 trillion). Germany is in third place at $4.9 trillion, Japan in fourth at $4.4 trillion, and India at fifth at $4.3 trillion.

Breaking into the top two places will take India little over two decades at its current rate of growth. Though, it is interesting to note that as of March, 2025, US’s national debt stands at $36.22 trillion, while China’s national debt as of September, 2024 stands at $2.52 trillion. In comparison, India’s overall debt as of September, 2024 stands at $712 billion.

INDIA’S GROWTH TRAJECTORY

India took 60 years for its GDP to reach the first trillion-dollar mark (in 2007). From $1 trillion to $2 trillion took 7 years (in 2014), Despite COVID-19, India reached the $3 trillion mark in 2021. The journey from $3 trillion to $4 trillion took just 4 years.

At this pace, should the progression continue the way it is, India is poised to add a trillion dollars to its GDP every 1.5 years, and could likely become a $10 trillion economy by end of 2032.

(Disclaimer: Data for this article is as per the data available on the IMF website)
 

Share This Article
Facebook Twitter Copy Link Print
Gurugram Techie Admits To Cops Why He Was Living In Hiding In Ayodhya
News
Bad News For Trump, US Loses Last AAA Rating, Moody’s Flags Rising Debt
News
Musk’s xAI Blames ‘Unauthorised’ Tweak For ‘White Genocide’ Posts
News
Rajasthan Government Challenges Acquittal Of Actors Saif Ali Khan, Tabu In Blackbuck Poaching Case
News

Related Stories

Uncover the stories that related to the post!

“Result Of This Decision Will…”: Trump As US Top Court Blocks His Deportations

‘Obnoxious Jerk’, ‘No Longer Hot’: Trump Insults Bruce Springsteen, Taylor Swift

Nine Killed In Lightning Strikes In Odisha, Weather Office Issues Alert

Man Who Stabbed Author Salman Rushdie Sentenced To 25 Years In Prison

CRPF Officer Killed, Another Injured In Jharkhand Lightning Strike

Yogi Adityanath Slams Samajwadi MP’s “Casteist” Remarks On Vyomika Singh

Jewellery, Cash Worth Rs 31 Crore Seized From Maharashtra Civic Body Official

Hyderabad Luxury Car Dealer Arrested In Rs 100 Crore Customs Duty Scam

Show More
NPR

Welcome to newsprtoday.com, your number one source for the latest in technology news, reviews, and insights. We’re dedicated to providing you with the very best in tech content, with a focus on reliability, thorough analysis, and a commitment to keeping our readers informed about the ever-evolving world of technology.

  • Categories:
  • Fashion
  • Travel
  • Sport
  • Adverts

Quick Links

  • Home
  • About Us
  • Contact Us

About US

  • Mission & Vision
  • Privacy Policy
  • Terms of Service

© 2024 | All rights reserved

Welcome Back!

Sign in to your account

Lost your password?