India’s G20 Sherpa and former Niti Aayog CEO, Amitabh Kant, forecasts India’s rise to become the world’s fourth-largest economy by 2025, surpassing Japan. This prediction stems from optimistic macroeconomic indicators. Currently, India ranks fifth in GDP globally, having surpassed the United Kingdom in 2022.
India’s economic growth over the past decade has been remarkable, shifting it from the “Fragile 5” in 2013 to one of the top five economies in 2024. Key drivers of this progress include record GST collections, sustained GDP growth exceeding 8% for three consecutive quarters, increased use of the Indian rupee in trade with 27 nations, and manageable inflation levels.
Presently, India’s GDP stands at around US$ 3.7 trillion, a significant leap from being the eleventh largest economy globally just a decade ago. Kant’s assessment highlights India’s robust economic trajectory, indicating its potential for substantial growth and global prominence in the near future.
