India's GDP has doubled over the past decade, with the International Monetary Fund (IMF) projecting it to reach Rs. 3,60,000 crore (US$ 4.27 trillion) by the end of 2025. The real GDP growth rate is expected to be 6.5% in 2025, indicating a robust economic expansion. Inflation is anticipated to remain stable at 4.1%, within the Reserve Bank of India's target range of 4-6%. The GDP per capita is estimated at Rs. 10,23,709 (US$ 11,940), reflecting average individual prosperity. However, central government debt stands at 82.6% of GDP, which is relatively high and may pose challenges for fiscal policies.
The IMF report highlights India's strong economic resilience, marked by a significant increase in GDP, steady real growth, and improving income levels. While the economy shows promising signs of expansion, inflation and high public debt remain critical areas to monitor in the coming years.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.