New Delhi, 18 June (IANS). India’s economy is growing at a rate of 6.5 percent and in the coming time its size will reach eight trillion dollars. This statement was made by Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday.
Talking to the news agency IANS, Hardeep Singh Puri said, “India has currently increased from two trillion dollars to an economy of $ four and is growing at an annual growth rate of 6.5 percent. At the same time, the country will become an economy of up to eight trillion dollars in the coming time.”
He further said, “The growth of the country’s economy directly affects citizens. Economic activities in the country also increase and per capita income increases. The world is inter -connected, so the exchange of goods and services will also increase.”
Additionally, the Union Minister said that increasing the economy increases your acceptance in the world.
The International Monetary Fund (IMF) said in the World Economic Outlook April 2025 that India’s nominal GDP would increase to $ 4,187.017 billion in 2025. At the same time, Japan’s GDP is estimated to be $ 4,186.431 billion.
According to IMF estimates, India can also become the third largest economy in the world by beating Germany in the coming years. By 2027, India’s economy may cross the $ 5 trillion mark and during this time the size of GDP is estimated to be $ 5,069.47 billion. At the same time, India’s GDP size will be $ 5,584.476 billion by 2028, while Germany’s GDP size is estimated to be $ 5,251.928 billion during this period.
According to the IMF, in 2025 the US will remain the world’s largest economy with a size of $ 30,507.217 billion. At the same time, China will be the second largest economy with $ 19,231.705 billion.
-IANS
ABS/
