Is India Set to Become the 3rd Largest Economy by 2030 with a $7.3 Trillion GDP?
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Synopsis
India is on the verge of becoming the third largest economy by 2030, with a GDP expected to reach $7.3 trillion. Discover how structural reforms and global integration are propelling this growth. Will India maintain its momentum amid changing economic landscapes?
Key Takeaways
- India is currently the world's fourth largest economy.
- Projected GDP of $7.3 trillion by 2030.
- Real GDP growth estimated at 8.2% in Q2 FY 2025-26.
- Inflation eases to a record low of 0.25%.
- Strong sectoral growth across primary, secondary, and tertiary sectors.
New Delhi, Nov 29 (NationPress) Currently the world's fourth largest economy, India is confidently steering towards becoming the third largest by 2030, with a projected GDP of $7.3 trillion, as stated in an official announcement.
The nation's economic rise continues to attract global interest, showcasing the effectiveness of decisive policymaking, structural reforms, and India’s increasing global integration, according to the report.
Recent data suggests that India's real GDP, adjusted for inflation, is set to grow by 8.2 percent in the second quarter of FY 2025-26, compared to a growth rate of 5.6 percent recorded during the same period in FY 2024-25.
In the first quarter of FY 2025-26, GDP expanded by 7.8 percent, against a growth of 6.5 percent in the first quarter of FY 2024-25. Nominal GDP has seen a growth rate of 8.7 percent in Q2 of FY 2025-26.
Every sector of the economy is contributing significantly to the country’s growth. The primary sector experienced a year-on-year Real GVA growth of 3.1 percent in Q2 FY 2025-26. Likewise, the Secondary sector grew by 8.1 percent and the Tertiary sector by 9.2 percent, enhancing the Real GDP growth rate for the same quarter.
Real GDP in the first half (April-September 2025-26) recorded an 8 percent growth rate, compared to 6.1 percent in the first half of FY25. The primary sector saw moderate growth at 2.9 percent, while the secondary (7.6 percent) and tertiary (9.3 percent) sectors demonstrated consistent expansion.
India's inflation trend in October 2025 shows a notable easing, highlighting the economy's solid fundamentals and effective price management strategies.
Headline inflation, as measured by the Consumer Price Index (CPI), has decreased to 0.25 percent year-on-year, marking the lowest level recorded in the current CPI series.
The inflation rate remains comfortably within the Reserve Bank of India's tolerance band. The easing of inflation aligns with the RBI's decision to keep the repo rate at 5.50 percent with a neutral stance, indicating confidence in both price stability and growth prospects, as mentioned in the report.
“India's economy is on a stable and resilient growth trajectory, bolstered by structural reforms, digital transformation, and a strong commitment to inclusive development. With global organizations expressing confidence in India's growth path and robust macroeconomic indicators, the economy is well-positioned to maintain its upward momentum,” the report concluded.
Point of View
I observe that India's economic trajectory is not just promising; it is a testament to our resilience and strategic planning. With a strong focus on inclusive growth, the nation stands ready to embrace the challenges ahead in its quest to become a global economic leader.
NationPress
29/11/2025
Frequently Asked Questions
What is India's projected GDP by 2030?
India's GDP is projected to reach $7.3 trillion by 2030, positioning it as the third largest economy in the world.
What factors are contributing to India's economic growth?
Key factors include decisive policymaking, structural reforms, and increased global integration, which are driving India's economic ascent.
How is inflation affecting the Indian economy?
Inflation has shown a notable decrease, with the Consumer Price Index (CPI) easing to 0.25 percent, indicating a stable economic environment.
What sectors are driving India's GDP growth?
The primary, secondary, and tertiary sectors are all contributing significantly, with growth rates of 3.1%, 8.1%, and 9.2% respectively in Q2 of FY 2025-26.
What is the RBI's stance on the current economic situation?
The Reserve Bank of India has maintained the repo rate at 5.50 percent, reflecting confidence in price stability and growth prospects.
