New Delhi, 29 December. India has surpassed Japan to become the world’s fourth largest economy with a GDP of $4.18 trillion. It is expected to overtake Germany within the next 2.5 to 3 years to claim the third position and reach a GDP of $7.3 trillion by 2030, according to an official statement released on Monday.
The Indian economy is growing at a rapid pace. In the second quarter of the financial year 2025-26, the GDP growth rate reached its highest level in six quarters. This indicates that India’s economy remains resilient despite global fluctuations.
The statement said, “India is one of the fastest growing major economies in the world and is well positioned to sustain this momentum. By 2047, the 100th year of independence, the country aims to become a high middle-income nation, progressing on a strong foundation of economic growth, structural reforms, and social advancement.”
The Reserve Bank of India (RBI) has revised India’s GDP growth forecast for 2025-26 upward from 6.8 percent to 7.3 percent.
Domestic growth is being driven by several factors including strong domestic demand, simplification of income tax and Goods and Services Tax (GST), lower crude oil prices, government capital expenditure, and favourable monetary and financial conditions supported by low inflation.
The statement noted that the private sector is playing a key role in sustaining the pace of India’s economic growth.
Additionally, the government is actively pursuing trade agreements with other countries to boost exports. In 2025, free trade agreements (FTAs) were signed with the UK, Oman, and New Zealand.
During April-September 2025, India’s total exports of goods and services reached a record $418.91 billion, showing a 5.86 percent increase compared to the same period last year.
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My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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