Over the past ten years, India has emerged as the fastest-growing major economy globally, achieving a remarkable 105% growth, according to the latest data from the International Monetary Fund (IMF). The nation's Gross Domestic Product (GDP) has more than doubled, rising from $2.1 trillion in 2015 to $4.3 trillion in 2025.
This robust expansion positions India on the verge of surpassing Japan as the world's fourth-largest economy. With Japan's GDP at $4.4 trillion, India is expected to overtake it by the third quarter of 2025. Maintaining its current growth trajectory, India is also projected to surpass Germany, currently the third-largest economy with a GDP of $4.9 trillion, by the second quarter of 2027.
Commerce and Industry Minister Piyush Goyal lauded this economic performance as "outstanding," emphasizing that India's 105% growth over the decade outpaces other major economies, including China (76%), the USA (66%), Germany (44%), France (38%), and the UK (28%). India's economic expansion has exceeded that of all G7, G20, and BRICS nations, effectively doubling its economic size within ten years.