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India’s GDP expected to reach USD 5 lakh crore by 2025

GDP at current market prices for the year 2017-18 is estimated to Rs. 167.7 lakh crore.


Government Press Release Last Updated at 10 Aug 2018, 20:08 IST India
India’s GDP expected to reach USD 5 lakh crore by 2025
  • As per the International Monetary Fund (IMF), India’s GDP is expected to increase to US$ 4.7 lakh crore by 2023. (Image Credit: Twitter)

As per the provisional estimates of annual national income released by Central Statistics Office (CSO) on 31st May 2018, the GDP at current market prices for the year 2017-18 is estimated to Rs. 167.7 lakh crore.

Given the exchange rate of Rs. 64.45 per US Dollar for 2017-18, the GDP at current market prices is estimated to be US$ 2.6 lakh crore.

As per the International Monetary Fund (IMF), India's GDP is expected to increase to US$ 4.7 lakh crore by 2023.

In case the economy grows at the same implied nominal rate as between 2017 to 2023, up to 2025, it is reasonable to expect the GDP to reach the level of US$ 5 lakh crore by 2025.


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