Piyush Goyal Commends India's GDP Growth to $4.3 Trillion in a Decade
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Synopsis
On March 23, Commerce and Industry Minister Piyush Goyal praised India's impressive achievement of doubling its GDP from $2.1 trillion in 2015 to $4.3 trillion in 2025, reflecting a growth rate that surpasses major global economies, as per the latest IMF data.
Key Takeaways
- India's GDP doubled in ten years, reaching $4.3 trillion.
- Growth rate of 105% surpasses many global economies.
- India is set to become the third largest economy.
- IMF data shows a 77% inflation-adjusted GDP growth.
- Brazil had the lowest GDP growth among top economies.
New Delhi, March 23 (NationPress) Commerce and Industry Minister Piyush Goyal on Sunday celebrated India’s remarkable achievement of doubling its Gross Domestic Product (GDP) in the past decade, with a 105 per cent surge from $2.1 trillion in 2015 to $4.3 trillion in 2025, according to the latest data from the IMF.
The Minister pointed out that this growth rate outpaces that of major global economies including the United States, China, Germany, the United Kingdom, and France.
"The global shift is undeniable! PM Narendra Modi has guided India to double its GDP in the last ten years, positioning it to become the third largest economy in the world shortly," Minister Goyal shared on X.
As per the IMF, India has marked a significant economic achievement by increasing its GDP from $2.1 trillion in 2015 to $4.3 trillion in 2025 - an unparalleled growth rate among leading global economies.
Inflation-adjusted statistics from the IMF reveal that India experienced a 77 per cent GDP growth over the decade, climbing from $2.4 trillion in 2015 to $4.3 trillion in 2025. This rapid growth has elevated India into the ranks of the world’s top five economies, with expectations to surpass Japan in 2025 and potentially overtake Germany by 2027.
In contrast, China recorded a 74 per cent GDP growth during the same timeframe, increasing from $11.2 trillion in 2015 to $19.5 trillion in 2025. However, previous forecasts suggesting that China would surpass the United States as the world’s largest economy have not come to fruition, hindered by economic challenges arising from the pandemic and ongoing property market issues.
The United States maintained its position as the world’s largest economy, with its GDP growing from $23.7 trillion in 2015 to $30.3 trillion in 2025, reflecting a 28 per cent growth rate. While this is slower than the growth of Asian economies, the US continues to be a dominant player in global economic stability.
Other significant economies, such as the UK, France, Germany, and Japan, saw moderate GDP growth ranging from 6 per cent to 14 per cent over the decade. Despite their relatively slower growth, these countries still wield considerable influence in global trade and finance, as noted by the IMF.
Brazil experienced the lowest GDP growth among the top ten economies, with only an 8 per cent increase from $2.1 trillion in 2015 to $2.3 trillion in 2025. The nation’s economic difficulties were worsened by the 2014 commodity crash.
