India's GDP Growth: A Decade of Economic Resilience Amid Challenges

India’s GDP is set to double to USD 4.27 trillion by 2025, according to the IMF, marking a 100% increase over ten years. Real GDP growth remains robust at 6.5%, but challenges like inflation at 4.1% and high public debt persist. Improving GDP per capita reflects rising living standards.

India's economy is poised for remarkable growth, with the International Monetary Fund (IMF) projecting a doubling of the country's Gross Domestic Product (GDP) to USD 4.27 trillion by 2025. This milestone marks a 100% increase from the USD 2.1 trillion recorded in 2015, underscoring India's economic resilience over the past decade.

The IMF report places the real GDP growth rate at 6.5% for the current year, highlighting India as one of the most rapidly expanding economies globally. Key factors such as inflation, currently at 4.1%, remain within the central bank's target range of 4 to 6%, providing a stable economic environment despite ongoing challenges.

Improvements in GDP per capita, estimated at USD 11,940, signal enhanced living standards across the nation. However, India faces fiscal challenges, with government gross debt at 82.6% of GDP. Despite these hurdles, India's economic progress remains steady, with crucial indicators such as inflation and public debt warranting close observation in the years ahead.

(With inputs from agencies.)