According to inflation-reflective data from the International Monetary Fund (IMF), India's GDP has increased from $ 2.1 trillion in 2015 to an estimated $ 4.3 trillion in 2025, reflecting an impressive growth of 105 percent.
According to the findings of the report, the development trajectory establishes India as a global economic superpower, which will overtake Japan and Germany in 2025 by 2027, which BJP leader Amit Malviya shared on his X social media platform handle on Saturday.
The GDP growth rate is the fastest among the major economies, which is far ahead of advanced countries. IMF data highlighted India's rapid economic progress inspired by policy reforms and strong growth pace.
Malaviya posted, “This extraordinary achievement is a proof of Prime Minister Narendra Modi's decisive leadership and his government's tireless efforts.” He said that by focusing continuous focus on active economic policies, adventure structural reforms and ease of trade, the PM Modi government has brought India to the world's fastest growing major economy – a honor that no previous government had received since independence. Today, these transformational initiatives are not only promoting India's economic expansion, but also bringing it beyond traditional global superpowers, which is a sign of a significant change in the global economic landscape.
Earlier this month, appreciating India's “prudent” policies, the IMF Executive Board said that the country's strong economic performance can help adopt significant reforms to achieve the status of advanced economy by 2047. The IMF report states that India's strong economic performance provides an opportunity to carry forward important and challenging structural reforms to realize India's ambition to become an advanced economy by 2047. ” For quick development, the Executive Board of the IMF stated that extensive structural reforms are required as they are important for promoting high quality jobs. According to the latest monthly bulletin of RBI, the high frequency indicators indicate a gradual increase in the speed of India's economic activity during the second half of 2024-25, which is likely to continue further.
The report stated that in a challenging and rapidly uncertain global environment, the Indian economy is ready to maintain its position as the fastest growing major economy during 2025–26, as the IMF and the World Bank has predicted GDP growth of 6.5 percent and 6.7 percent respectively.