India’s GDP Reached 4.3 Trillion Dollars: India has been the world’s fastest growing major economy for the last ten years. The latest data of the International Monetary Fund or IMF shows that India’s GDP has increased a tremendous increase of 105 percent in the last decade. According to the IMF, India’s GDP is currently $ 4.3 trillion. The GDP in 2015 was 2.1 trillion dollars, when Narendra Modi’s first term as Prime Minister was less than a year. Since then, India has increased its economy more than doubled in terms of GDP or GDP.
Japan will lag behind this year
India is on the verge of leaving Japan behind as the fourth largest economy in the world. Japan’s GDP is currently $ 4.4 trillion and India will cross that figure by the third quarter of 2025. If the average rate of development continues in the same way, India will leave Germany behind by the second quarter of 2027. Germany is currently the third largest economy in the world. Germany’s GDP is currently $ 4.9 trillion.
Know the growth rate of America and China
Commerce and Industry Minister Piyush Goyal has appreciated the country for doubling his GDP in the last decade, describing India’s 10 -year economic performance. Goyal said that India is ranked first in the country to develop in the world with a growth rate of 105 percent in the last 10 years. India has performed better than other major economies like China, America, Germany, France and Britain in terms of development. China’s growth rate is 76 percent, America’s 66 percent, Germany’s 44 percent, France’s 38 percent and Britain growth rate is 28 percent.
India has overtaken all the countries of G7, G20 and BRICS, more than double the size of its economy.
Piyush Goyal said, “Global change is real! Prime Minister Narendra Modi has led to doubling India’s GDP in the last decade, which will soon become the third largest economy at a global level.”
When will India become the richest country
India topped the list in terms of pace of development, but the United States ($ 30.3 trillion) and China ($ 19.5 trillion) remain in the top two places in terms of economy size. Germany ranks third with $ 4.9 trillion, Japan ranks fourth with $ 4.4 trillion, and India ranks fifth with $ 4.3 trillion.
It will take India a little more than two decades to reach the top two places according to its current growth rate. However, it is interesting to note that by March 2025, the US national loan is $ 36.22 trillion, while China’s national loan by September 2024 is $ 2.52 trillion. In comparison, India has a total loan of $ 712 billion by September 2024.
It takes 60 years to reach 1 trillion dollars
It took India 60 years for its GDP to reach the first trillion-dollar mark. India arrived here in 2007. Then it took 7 years to reach $ 2 trillion from $ 1 trillion. India arrived here in 2014. Despite the Kovid-19, India reached a $ 3 trillion mark in 2021. It took just 4 years to travel from $ 3 trillion to $ 4 trillion.
If progress continues at this pace, India is ready to add a trillion dollars to its GDP every 1.5 years, and possibly by the end of 2032 can become a $ 10 trillion economy.