India's GDP now stands at $4.3 trillion according to the International Monetary Fund, up from $2.1 trillion in 2015, when Narendra Modi had been in office for less than a year.

India has maintained its position as the world's fastest-growing major economy over the past decade, with the latest IMF data revealing an impressive 105% growth during this period.

India is on track to surpass Japan as the fourth-largest economy in the world, with Japan's GDP currently at $4.4 trillion. India is expected to exceed this figure by the third quarter of 2025.

If the current growth rate continues, India will overtake Germany, the third-largest economy, by the second quarter of 2027, with Germany's GDP standing at $4.9 trillion.

Commerce and Industry Minister Piyush Goyal has praised India's “outstanding” economic performance over the past decade, noting that the country has doubled its GDP.

He said that India, with a 105% growth rate, has outpaced other major economies, including China (76%), the USA (66%), Germany (44%), France (38%), and the UK (28%).

In addition, India has surpassed all nations in the G7, G20, and BRICS, more than doubling the size of its economy.

“The global shift is real! PM Narendra Modi-ji has led India to double its GDP in the last decade, positioning it to become the third-largest economy globally soon,” Goyal said.

While India led the world in growth pace, the top two spots in terms of economic size remain occupied by the United States ($30.3 trillion) and China ($19.5 trillion). Germany holds third place with a GDP of $4.9 trillion, followed by Japan at $4.4 trillion, and India in fifth place at $4.3 trillion.

At its current growth rate, India is projected to break into the top two economies in just over two decades.

Furthermore, as of this month, the US national debt stands at $36.22 trillion, while China's national debt is $2.52 trillion as of September 2024. In comparison, India's total debt as of September 2024 is significantly lower at $712 billion.

India took 60 years to reach its first trillion-dollar GDP mark in 2007. The journey from $1 trillion to $2 trillion took just 7 years, reaching the milestone in 2014.

Despite the challenges of COVID-19, India crossed the $3 trillion mark in 2021. The leap from $3 trillion to $4 trillion was achieved in just 4 years.

At this pace, if the current trajectory continues, India is set to add a trillion dollars to its GDP every 1.5 years, potentially becoming a $10 trillion economy by the end of 2032, according to the IMF.