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India’s Economy Growth
January 1 , 2026
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- India became the world’s fourth-largest economy in 2025, overtaking Japan, with a Gross Domestic Product (GDP) of $4.18 trillion.
- Official projections indicate India will surpass Germany and become the third-largest economy by 2030, reaching an estimated GDP of $7.3 trillion.
- Real GDP growth reached 8.2% in the second quarter of FY 2025–26, marking a six-quarter high, supported by strong industrial output and services sector expansion.
- Domestic demand, especially private consumption, has remained a key driver of growth, aided by declining unemployment and stable financial conditions.
- Policy reforms, including Income Tax and Goods and Services Tax (GST) rationalisation, supportive monetary conditions, and government capital expenditure, have strengthened economic momentum.
- India aims to achieve high middle-income status by 2047, with a favourable macroeconomic environment described as a “goldilocks period” of high growth and low inflation.
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