New Delhi, 23 March (IANS). India’s GDP has doubled in the last 10 years. The country’s economy is estimated to increase to $ 4.3 trillion in 2025, which was $ 2.1 trillion in 2015. This information was given in the data released by the International Monetary Fund (IMF).
India’s GDP will grow larger than Japan in 2025 and Germany in 2027 due to the fast growth of the economy.
IMF data stated that India remains the fastest growing economy in the world and it is due to policy reform and strong economic growth.
The post shared on the social media platform X by BJP leader Amit Malviya said that this pace of development establishes India as a global economic superpower, which will overtake Japan by 2025 and Germany by 2027.
Malaviya further said that this extraordinary achievement is a proof of the leadership of Prime Minister Narendra Modi and the tireless efforts of his government. The Modi government has made India the fastest growing major economy in the world through active economic policies, adventure structural reforms and ease of trading.
Also said that this achievement that had not been achieved by any previous government since independence.
Earlier this month, appreciating India’s prudent policies, the IMF Executive Board has said that the country’s strong economic performance can help adopt significant reforms to become a developed economy until 2047.
The IMF Executive Board said that structural reforms are very important for generating and investment in the country.
The report further stated that India should focus on implementing labor market reforms and female participation should be increased in the labor force.
-IANS
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