NEW DELHI: India has achieved a significant economic milestone, doubling its Gross Domestic Product (GDP) from $2.1 trillion in 2015 to $4.3 trillion in 2025—an impressive 105% increase in just a decade. This marks one of the fastest growth rates among major global economies.  

According to inflation-adjusted data from the International Monetary Fund (IMF), India’s GDP has grown by 77% over the past ten years, rising from $2.4 trillion in 2015 to $4.3 trillion in 2025. This rapid expansion has positioned India among the world’s top five economies, with projections indicating it will surpass Japan in 2025 and potentially overtake Germany by 2027.  

At this pace, India could add $1 trillion to its economy every 1.5 years, potentially reaching a $10 trillion GDP by 2032. As of March 2025, the U.S. national debt stood at $36.22 trillion, while China’s debt, recorded in September 2024, was $2.52 trillion. In comparison, India’s overall debt as of September 2024 was significantly lower at $712 billion. The country’s general government gross debt currently stands at 82.6% of GDP, according to IMF data.  

The United States remains the world’s largest economy with a GDP of $30.3 trillion, followed by China at $19.5 trillion. However, with India’s rapid economic expansion, the country is expected to narrow the gap with these global leaders over the next decade.  

Commerce and Industry Minister Piyush Goyal hailed India’s economic performance as “outstanding,” crediting Prime Minister Narendra Modi’s leadership for doubling the country’s GDP in the last decade. “The global shift is real! Under PM Narendra Modi-ji, India is on track to becoming the third-largest economy globally,” Goyal stated.  

India has outpaced all G7, G20, and BRICS nations in economic growth, surpassing their expansion rates. Major economies, including the UK, France, Germany, and Japan, reported moderate GDP growth between 6% and 14% over the last decade. Despite their slower expansion, these nations continue to hold significant influence in global trade and finance.