India's GDP Doubles to $4.3 Trillion in a Decade: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has lauded India’s economic growth, highlighting a 105% increase in GDP from $2.1 trillion in 2015 to $4.3 trillion in 2025, based on the latest IMF data. He emphasized that this growth surpasses major global economies and positions India as a rising economic power.
“The global shift is real! PM Narendra Modi has led India to double its GDP in the last decade, positioning it to become the third-largest economy soon”, Goyal posted on X. According to the IMF, India has recorded a 77% inflation-adjusted GDP growth, rising from $2.4 trillion in 2015 to $4.3 trillion in 2025, a rate unmatched by other major economies.
This rapid expansion has propelled India into the ranks of the world’s top five economies. It is set to overtake Japan in 2025 and could surpass Germany by 2027. Meanwhile, China, which posted a 74% GDP growth over the same period, saw its economy expand from $11.2 trillion in 2015 to $19.5 trillion in 2025. However, China’s anticipated economic dominance over the US has not materialized, with setbacks arising from the pandemic and property sector challenges.
The United States remains the world’s largest economy, growing from $23.7 trillion in 2015 to $30.3 trillion in 2025, a 28% increase. While its growth rate is slower than that of Asian economies, the US continues to be a dominant force in global economic stability.
Other major economies, including Germany, the UK, France, and Japan, posted moderate GDP growth ranging from 6% to 14% over the last decade. Despite their slower expansion, these nations remain influential in global trade and finance.
Among the top ten economies, Brazil recorded the lowest GDP growth at just 8%, increasing from $2.1 trillion in 2015 to $2.3 trillion in 2025. Its struggles have been attributed to the 2014 commodity crash, which severely impacted economic progress.
With India’s consistent economic rise, experts believe the country is on track to become a key global economic powerhouse in the coming years.
