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India's economy has surpassed $4.3 trillion, more than doubling in size over the last ten years and achieving a remarkable growth rate of 105%, according to the International Monetary Fund (IMF). This growth trajectory positions India to potentially overtake Japan and become the fourth-largest economy globally by the third quarter of 2025, with Japan's GDP currently at $4.4 trillion.
Commerce and Industry Minister Piyush Goyal labeled India's economic performance as "outstanding," emphasizing that the nation outpaced major economies such as China, the USA, and Germany. During Prime Minister Narendra Modi's tenure, India's GDP increased from $2.1 trillion in 2015 to its current figure.
India has accelerated its growth, taking just four years to transition from a $3 trillion to a $4 trillion economy, a significant improvement compared to the lengthy periods of earlier decades. If current trends continue, analysts suggest that India could reach a staggering $10 trillion economy by the end of 2032.