♦ NITI Aayog CEO BVR Subrahmanyam on 25 May 2025. India’s GDP is currently $4.187 trillion, overtaking Japan’s $4.186 trillion.
♦ India is now behind only three countries in terms of GDP size: USA ($30.51 trillion), China ($19.23 trillion) and Germany ($4.74 trillion). UK is at the fifth position now with a GDP of $3.38 trillion. USA’s GDP is 7 times of India’s as of now.
♦ According to the April 2025 edition of the IMF’s World Economic Outlook, India’s economy is expected to grow by 6.2 percent in 2025 and 6.3 percent in 2026, maintaining a solid lead over global and regional peers.
♦ India’s GDP was 2.1 trillion dollar in 2015, since then, the country has more than doubled its economy. According to the report, the high rate of growth will see India’s GDP increasing to 5.5 trillion dollar in 2028 overtaking Germany to become the third-largest economy.
♦ The IMF has projected a zero growth rate for Germany in 2025, followed by 0.9 percent in 2026 as it is expected to be hit the hardest among the European countries due to the ongoing global trade war.