India's GDP doubles in 10 years—to surpass Germany by 2027
What's the story
India has reached a major economic milestone by doubling its GDP from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025.
This marks an impressive growth rate of nearly 105%, making India one of the world's top five economies.
Based on inflation-adjusted figures from the International Monetary Fund (IMF), India's GDP has grown significantly by some 77% over the last decade.
Economic projections
India set to surpass Japan, Germany in GDP
India is expected to leave Japan behind in GDP by 2025 and Germany by 2027. The rapid economic growth has made India the world's fastest-growing major economy.
BJP leader Amit Malviya credited Prime Minister Narendra Modi's decisive leadership, proactive economic policies, bold structural reforms, and a sustained focus on ease of doing business for the feat.
Government's role
Modi government credited for India's economic growth
Malviya stressed the Modi government's contribution in bringing India to the forefront.
He said these transformative initiatives are not just fueling India's economic growth but also putting it ahead of erstwhile global giants, indicating a major shift in the global economic scenario.
The US remains the world's biggest economy, with its GDP growing from $23.7 trillion in 2015 to an estimated $30.3 trillion by 2025, a growth rate of about 28%.
Global trends
Other economies show moderate growth
Other major economies like the UK, France, Germany, and Japan saw moderate GDP growth of 6-14% over the decade.
Although they expanded relatively slower than India and China, these countries still wield considerable influence in global trade and finance.
Brazil, with just an estimated 8% growth from $2.1 trillion in 2015 to $2.3 trillion by 2025, saw slowest GDP growth among top 10 economies.
The country has been struggling economically, worsened by a commodity crash in 2014 and COVID-19 disruptions.