Page 22 - NIS English 01-15 July,2025

COVER STORY | Economy

The world’s fastest-growing World’s top 5 economies
economy According to the latest report of the IMF, India
According to the World Economic Outlook 2025 of has now become the fourth-largest economy in the
the International Monetary Fund, India will remain world. According to the IMF, India’s GDP has now
the world’s fastest-growing economy this year. It has reached 4.19 trillion dollars. The most special feature
been estimated in the Economic Survey 2024-25 is that in this process, India has also left Japan
that it will grow at a rate of 6.3% to 6.8% in the year behind. According to the latest data of the IMF, the
2025-26. According to the assessment of various list of the world’s top economies is as follows-
global institutions, India will remain the fastest-
growing major economy

6.2% 1 2 3

IMF estimates America China Germany
4.0% 30.51 19.23 4.74

2.8% Trillion Dollars Trillion Dollars Trillion Dollars
1.8% 1.1% 2.0%

0.0%
5
World USA Germany UK China Brazil India 4 India Japan
4.19 4.18

Trillion Dollars Trillion Dollars
India’s GDP journey

GDP Year IMF says that India’s economic
growth is estimated to be 6.2% in
1 trillion dollars 2007 (took 60 years after the year 2025 and 6.3% in 2026. It is
independence)
also estimated that by 2027, India
2 trillion dollars 2014 (doubled in 7 years) will be the third-largest economy in
3 trillion dollars 2021 (took 7 years) the world. This growth rate is higher
than the rest of the world’s major
4 trillion dollars 2025 (took only 4 years)
economies.

economy that has not only successfully recovered The Production Linked Incentive (PLI) scheme in
from the pandemic but also has grown at the 14 sectors has further encouraged this sector.
fastest pace amid global political uncertainty. At The objective behind bringing this production-
its core is the correct management of economic linked incentive scheme is to make domestic
policies during the COVID pandemic, followed by manufacturing globally competitive and prepare
measures to take it in the right direction with a domestic entrepreneurs. PLI schemes created
holistic approach, which have strengthened India’s millions of employment opportunities and kept the
economy. The central government has launched Indian economy on the fast track of development.
several programs under the ‘Aatmanirbhar Bharat’ India’s mobile manufacturing sector is an example
as well as the ‘Make in India’ initiative to make of Prime Minister Narendra Modi’s thinking and
India self-reliant in the manufacturing sector. his vision to bring it to its maximum potential.

20 NEW INDIA SAMACHAR || July 1-15, 2025