The Ministry of Statistics and Program Implementation (MoSPI) on Friday made public the data related to Gross Domestic Product (GDP). The ministry said that the pace of the country’s economy was 7.7 percent in the financial year 2025-26. Whereas in 2024-25 this speed was 7.1 percent. This means that the economy has gained more momentum compared to the last financial year. The best figures from the fourth quarter were from the third quarter. The growth rate in the third quarter in December was 8 percent.
According to the ministry, GDP growth is estimated at 7.8 percent in the quarter from January to March of the 2025-26 financial year. The government says real GDP or GDP at constant prices is estimated to reach Rs 323.12 lakh crore in 2025-26, compared to Rs 299.89 lakh crore in the first revised estimate of GDP for 2024-25.
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At the same time, GDP or nominal GDP at current prices is expected to reach the level of Rs 346.36 lakh crore in 2025-26, whereas it was Rs 318.07 lakh crore in 2024-25. This shows a growth rate of 8.9 percent.
So India will leave China behind
On the other hand, a report by researchers associated with the World Inequality Lab has estimated that by 2060, India will overtake China in terms of its share in global GDP on the basis of Purchasing Power Parity (PPP). In the report named ‘Global Justice Report: A Plan for Equality and Prosperity with Planetary Boundaries’, it was told that on the basis of PPP, China currently has about 20 percent share in the global GDP.
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By 2035, China’s share will double that of America. But due to rapidly decreasing population, China’s share in the global population will be 17 percent by 1945 and 8 percent by 2100. Currently China has about 23 percent stake. After half of the 21st century, China’s share will decline and by 2060, India will overtake China in terms of global GDP (PPP basis). The report also said that the world will be more multipolar in the 21st century than in the previous century.
India’s GDP will be 4.15 trillion dollars
According to the latest data of World Economic Outlook, India’s GDP will be around US $ 4.15 trillion in 2026, while UK’s GDP will reach US $ 4.27 trillion. Japan’s GDP will fall from US$4.48 trillion to US$4.38 trillion. America’s GDP is estimated to be $32.38 trillion and China’s GDP is estimated to be $20.85 trillion.
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