Positive news on Indian Economy: A big update has come out regarding the Indian economy. According to media reports, it is being claimed that for the first time India’s GDP has crossed four lakh crore (4 trillion) dollars. India is moving rapidly towards becoming the fourth largest economy in the world. However, no statement has been issued from the Finance Ministry and National Statistics Office on this claim.
Prime Minister Narendra Modi has set a target of taking the country’s economy to 5 trillion dollars by 2025. S&P Global India Manufacturing had recently said that India’s GDP could overtake Japan’s by 2030. With this, India will become the third largest economy in the world and second largest economy in Asia. According to S&P Global, continued rapid expansion is projected for the remainder of 2023 and 2024. India’s GDP is expected to increase to 7,300 billion US dollars by 2030.
Will overtake America by 2075 India
According to the estimates of IMF and Goldman Sachs, by 2075, India may be ahead of America in terms of economy. India will be the world’s second largest economy by 2075. Only China will be ahead of this. According to IMF estimates, India will be the world’s third largest economy after America and China in 2027.
GDP fluctuations in 10 years
year growth annual difference
2022 7.00% -2.05%
2021 9.05% 14.88%
2019 3.87% -2.58%
2018 6.45% -0.34%
2017 6.80% -1.46%
2016 8.26% 0.26%
2015 8.00% 0.59%
2014 7.41% 1.02%
2013 6.39% 0.93%
due to increase
- The government introduced several economic reforms, which encouraged investment and trade.
- The increase in demand from the growing population led to economic growth.
- People’s income increased due to increase in employment opportunities. This is increasing consumption.