Celebrating growth
As India marches ahead and is emerging as among the top economies of the world, the government’s vision to transform the country into a self-reliant and prosperous economy by 2047 is going to be a reality.
Data and facts suggest that India has indeed emerged as the world’s fourth-largest economy, surpassing Japan with a nominal GDP of $4.19 trillion in 2025. This achievement is expected to continue, with projections indicating that India will become the third-largest economy by 2027, overtaking Germany.
The progress that has been made over the years suggest the hard work and dedicated efforts at various levels which has made the dream to be at the top a reality.
During the past 11 years there has been an effective government in place which has taken decisions that brought in economic discipline and ensured transparency at all levels.
The government has followed an unwavering commitment to public welfare and nation-first governance model.
Besides, several other reasons too have contributed towards achieving this goal. These include a diverse economy as the country’s economy is driven by various sectors like services, technology, business outsourcing, and finance
To add to this huge strides have been made in the manufacturing, construction, and mining industry, not to mention that agriculture proves to be a significant sector employing a large portion of the workforce
Notably, India’s GDP growth rate is expected to be around 6.2% in 2024-25 and 2025-26, making it one of the fastest-growing major economies
The rising consumption and investments, both domestic and foreign, are contributing to the growth story and if all goes well the country’s growth story can be even better during the next decade or so.
India’s emergence as the fourth-largest economy is a testament to its growing economic prowess, driven by a combination of factors, including a diverse economy, strong growth rate, and increasing investment and consumption.
However, one critical cause of concern has been the eradication of poverty and the concept of zero poverty can be achieved only through a multi-dimensional approach towards empowering the underprivileged and promoting inclusive development.
