India’s economy doubled in 10 years: This growth is the fastest in the world; Japan will be the third major economy in the world by December

India’s economy has doubled in the last 10 years. This growth of the economy is the fastest in the world. According to the data of the International Monetary Fund, IMF, India’s GDP has increased by 105% in the last decade. Currently India has GDP 4.3 trillion dollars. Whereas in 2015 it was $ 2.1 trillion.

According to the IMF, by the third quarter of 2025, India will overtake Japan in terms of economy and become the fourth major economy in the world. Japan’s GDP is currently $ 4.4 trillion. At the same time, if the current rate of growth remains, India will also surpass Germany (4.9 trillion GDP) by the second quarter of 2027.

Economy of $ 10 trillion by 2032

If India’s GDP growth speed is the same, then every 1.5 years will add 1 trillion dollars to the economy. This can make India an economy of $ 10 trillion by 2032.

Commerce Minister Piyush Goyal said that during the tenure of PM Modi, India’s GDP has doubled in 10 years. Now India is going to become the third major economy of the world.

India has performed better than China (76%), America (66%), Germany (44%), France (38%) and UK (28%), overtaking the world’s other major economies.

India strong in terms of debt

The top two places are the US ($ 30.3 trillion) and China ($ 19.5 trillion) economy by size. But India is in a strong position from both countries in terms of debt.

US debt is $ 36.22 trillion by March 2025. China’s debt is $ 2.52 trillion. While India has a loan of $ 712 billion.