India, the world’s fourth-largest economy, has emerged as the fastest-growing major economy and is on track to become the world’s third-largest economy with a projected GDP of $7.3 trillion by 2030. India is projected to be world’s fastest growing major economy (6.3% to 6.8% in 2025-26). Driven by robust domestic demand, a dynamic demographic profile, and sustained economic reforms, India is asserting its rising influence in global trade, investment, and innovation.
At the Kautilya Economic Conclave, renowned economist Jagdish Bhagwati remarked: “In the old days, the World Bank used to tell India what to do, but now, India tells the World Bank what to do.” This statement powerfully reflects India’s shift in last Eleven years, from a dependent economy to a self-reliant, globally competitive powerhouse.
At the core of this transformation is the vision of Aatmanirbhar Bharat, a movement that promotes innovation, entrepreneurship, and technological sovereignty. Under Modi’s leadership, strategic initiatives like the Production Linked Incentive (PLI) schemes, revitalisation of MSMEs, and the expansion of digital infrastructure have laid the foundation for a high-growth, high-opportunity economy.
| Fast Facts ₹29.8 lakh crore Aatmanirbhar Bharat Package during COVID saved economy. |
Today, India is a nation that is digital, green, aspirational, and future-ready, firmly advancing towards its goal of becoming a global leader.
Quick Facts
- India became the 4th largest global economy in 2025, driven by domestic reforms and global positioning under the vision of Aatmanirbhar Bharat.
- India is the world’s fastest-growing major economy, with real GDP growing at 6.5% and nominal GDP tripling from ₹106.57 lakh crore (2014–15) to ₹331.03 lakh crore (2024–25).
- India is projected to be world’s fastest growing major economy (6.3% to 6.8% in 2025-26).
- Total exports increased by 76% over the last decade, reaching US$ 825 billion in 2024–25, led by engineering goods, electronics, and pharmaceuticals.
- Services exports more than doubled, growing from US$ 158 billion in 2013–14 to US$ 387 billion in 2024–25.
- Cumulative FDI inflows reached US$ 1.05 trillion, with a record 27% increase in equity inflows in the first 9 months of FY25 alone.
- Digital transactions surged 9x in volume (FY18–FY24), with UPI processing 172 billion transactions in 2024 alone.
- Inflation was reduced from an average of 8.2% (2004–14) to around 5% (2015–25) through targeted fiscal and monetary policies.
- Retail inflation fell to 4.6% in 2024–25, the lowest since 2018–19.