New Delhi, 29 December 2025: India will overtake Germany to become the third largest economy in the next 2.5 to 3 years, and its GDP is expected to reach $7.3 trillion by 2030. Indian economy is developing at a fast pace. GDP growth in the second quarter of the financial year 2025-26 has reached the highest level in six quarters, which shows that India’s economy has remained strong despite the global economic downturn.
The statement said that India is one of the fastest growing large economies in the world and is in a strong position to maintain this growth momentum. India is progressing on a strong foundation of economic growth, structural reforms and social progress, with the aim of becoming an upper-middle income country by 2047, the 100th year of independence.
Also read: Meeting between Trump and Zelensky, discussion on peace plan
The Reserve Bank of India (RBI) has increased India’s GDP growth forecast for the financial year 2025-26 from 6.8% to 7.3%. Strong local demand, simplification of the income tax and Goods and Services Tax (GST) systems, relatively low crude oil prices, government capital spending, favorable financial and fiscal conditions and controlled inflation are considered to be the main reasons for the rapid growth of the Indian economy.
- Role of private sector strengthened in maintaining economic momentum
It has also been noted in the statement that the role of the private sector in maintaining economic momentum is becoming stronger. Additionally, the government is signing trade agreements with various countries to boost exports. India has signed a Free Trade Agreement (FTA) with UK, Oman and New Zealand in 2025. India’s total exports of goods and services have increased to a record $418.91 billion during the April-September period of the current financial year 2025. This shows an increase of 5.86% compared to the same period last year.
Comments are closed.