By doubling its Gross Domestic Product (GDP) from $2.1 trillion in 2015 to $4.3 trillion in 2025—a startling 105% growth rate over the previous ten years—India has accomplished an incredible economic milestone.
With this expansion, India is now the world’s fastest-growing major economy, surpassing other large economies like China, which grew by 76%, and the US, which grew by 66% over the same time period.
India’s GDP is currently the fifth largest in the world as of March 2025, only surpassed by the US ($30.3 trillion), China ($19.5 trillion), Germany ($4.9 trillion), and Japan ($4.4 trillion).
The economy of Japan has notably stalled over the last 10 years, which has allowed India to quickly catch up and possibly overtake Japan by the third quarter of 2025.
India is expected to surpass Germany by the middle of 2027 if its economic trajectory keeps up.
India has surpassed all countries in the G7, G20, and BRICS groups in terms of economic performance, according to Commerce and Industry Minister Piyush Goyal.
He pointed out that this expansion is a result of structural changes and successful economic policies put in place under Prime Minister Narendra Modi’s direction.
In the past, it took India 60 years to reach its first trillion-dollar GDP, which it did in 2007. However, it quickly rose to $2 trillion in just seven years (2014).
India reached $3 trillion in 2021 and added another trillion dollars in four years, despite the COVID-19 pandemic’s hurdles. According to this pattern, assuming present growth rates continue, India’s economy might reach $10 trillion by the end of 2032.
