India’s GDP grows 105% in 10 years, outpacing major economies: IMF
In a remarkable feat, India’s Gross Domestic Product (GDP) has grown by a staggering 105% in the last 10 years, outpacing major economies such as the United States, China, and Germany. According to the International Monetary Fund (IMF), India’s GDP has expanded from a mere $2.1 trillion in 2015 to a whopping $4.3 trillion in 2025. This exponential growth has propelled India to become the fifth-largest economy in the world, and it is expected to overtake Germany by 2027.
The IMF data reveals that during the same period, the GDP of the US grew by 66%, China’s GDP expanded by 76%, and Germany’s GDP increased by a mere 44%. This significant outperformance by India is a testament to the country’s robust economic growth, driven by a combination of factors such as a young and growing population, a rapidly expanding middle class, and a favorable business environment.
India’s economic growth story is not a new one. Over the past few decades, the country has made significant strides in liberalizing its economy, which has led to increased foreign investment, improved infrastructure, and a surge in consumer spending. The government’s initiatives to promote ease of doing business, reduce bureaucratic red tape, and boost exports have also contributed to the country’s economic growth.
One of the key drivers of India’s economic growth has been its services sector, which accounts for over 60% of the country’s GDP. The sector has seen significant growth in areas such as IT, healthcare, education, and finance, driven by a growing pool of skilled professionals and a increasing demand for quality services.
India’s manufacturing sector has also been a major contributor to its economic growth. The government’s initiatives to promote Make in India, such as reducing taxes and increasing investment in infrastructure, have led to a surge in manufacturing activity. The sector has seen significant growth in areas such as automotive, pharmaceuticals, and textiles, which has created millions of jobs and boosted economic growth.
Another factor that has contributed to India’s economic growth is its growing middle class. The country’s middle class has grown significantly over the past few decades, driven by rapid urbanization and a growing demand for consumer goods and services. The middle class has been a key driver of consumer spending, which has contributed to India’s economic growth.
India’s economic growth has also been driven by its growing exports. The country has emerged as a major player in the global exports market, with its exports growing from $200 billion in 2015 to over $400 billion in 2025. The country’s exports have been driven by a growing demand for its products such as textiles, pharmaceuticals, and IT services.
In addition to its economic growth, India has also made significant strides in improving its Ease of Doing Business (EoDB) ranking. The country has jumped 79 places in the World Bank’s EoDB ranking over the past few years, making it one of the most improved economies in the world. This has led to increased foreign investment and a growing number of start-ups and entrepreneurs.
In conclusion, India’s GDP growth of 105% in the last 10 years is a remarkable achievement that has propelled the country to become the fifth-largest economy in the world. The country’s robust economic growth has been driven by a combination of factors such as a young and growing population, a rapidly expanding middle class, and a favorable business environment. With its growing exports, improving Ease of Doing Business ranking, and a growing pool of skilled professionals, India is well-positioned to continue its economic growth momentum in the years to come.
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