"India has surpassed Japan to become the world's fourth-largest economy, according to calculations in the Indian government's end-of-year economic review. On current trends, India is expected to overtake Germany to become the world's third-largest economy within the next three years, the review said. How big is India's economy? The review said India's gross domestic product has already reached about $4.18 trillion (3.55 trillion), and is projected to reach $7.3 trillion by 2030."
"Growth was said to have been driven primarily by domestic demand, with particularly strong private consumption, despite continued global trade and policy uncertainty. The government described the current phase as a rare "Goldilocks" period of high growth and low inflation, saying strong corporate balance sheets, steady credit flows, and ongoing reforms have positioned India for sustained expansion. "India is among the world's fastest-growing major economies and is well-positioned to sustain this momentum.""
"India's real GDP grew 8.2% in the second quarter of the 202526 financial year, up from 7.8% in the previous quarter and marking a six-quarter high. Export performance has also strengthened, the review noted. Merchandise exports rose to $38.13 billion in November, up from $36.43 billion in January, supported by engineering goods, electronics, pharmaceuticals, and petroleum products. The Reserve Bank of India has revised its growth forecast for the 202526 financial year upward to 7.3%."
India has surpassed Japan to become the world's fourth-largest economy and is projected to overtake Germany within the next three years on current trends. Gross domestic product has reached about $4.18 trillion and is forecast to reach $7.3 trillion by 2030. Real GDP grew 8.2% in the second quarter of 2025–26, a six-quarter high, while merchandise exports strengthened to $38.13 billion in November supported by engineering goods, electronics, pharmaceuticals, and petroleum products. The Reserve Bank of India raised its 2025–26 growth forecast to 7.3%. Growth has been driven by robust domestic demand, strong private consumption, resilient corporate balance sheets, steady credit, and ongoing reforms.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]