India's Remarkable Economic Growth

According to the latest data from the International Monetary Fund (IMF), India's Gross Domestic Product (GDP) has astonishingly doubled over the past decade. From a modest USD 2.1 trillion in 2015, projections now show it reaching an impressive USD 4.27 trillion by the end of 2025.

Robust Expansion and Inflation Control

The IMF highlights India's current real GDP growth rate at a robust 6.5 percent, with an expected inflation rate of 4.1 percent. This inflation rate comfortably sits within the Reserve Bank of India's (RBI) target range, showcasing effective economic management.

Improving Living Standards and Fiscal Challenges

The GDP per capita now stands at USD 11,940, indicating a progressive improvement in the average citizen's economic wellbeing. However, with general government gross debt at 82.6 percent of GDP, India faces challenges in fiscal policy management amidst its rapid economic expansion.

Resilient Financial System

The IMF commends India's financial system for its resilience and diversity, successfully overcoming pandemic-related challenges and supporting the nation's swift economic growth.