Daijiworld Media Network – New Delhi
New Delhi, Mar 23: India has recorded a remarkable economic feat, doubling its Gross Domestic Product (GDP) over the past decade with a staggering 105% growth, according to IMF data. From $2.1 trillion in 2015, India’s GDP is projected to reach $4.3 trillion in 2025, outpacing all major global economies in percentage growth.
In comparison, the United States’ GDP grew by 66%, while China saw a 44% increase in the same period. With this, India has cemented its position as the world’s fifth-largest economy, trailing only the United States ($30.3 trillion), China ($19.5 trillion), Germany ($4.9 trillion), and Japan ($4.4 trillion). Notably, Japan’s GDP growth has remained stagnant in the past decade, making India poised to surpass it soon.
Other leading economies showed comparatively moderate growth, with the UK (28%), France (38%), Russia (57%), Australia (58%), and Spain (50%) trailing behind India’s exponential rise.
BJP leader Amit Malviya highlighted the milestone in an official post, crediting Prime Minister Narendra Modi’s leadership for the achievement. "This extraordinary growth is a testament to decisive leadership, bold economic reforms, and India’s sustained focus on ease of doing business," he stated.
With India now the world’s fastest-growing major economy, experts believe this marks a significant shift in the global economic order.