Archive · 26 Jun 2025
India's Economic Growth Outpaces G7 Nations
India is doing well economically and growing faster than the G7 countries, which are major economies.
India grew at an average of 5.4% between 2020 and 2024 and is expected to keep growing.
India's share in the global economy is increasing.
The country is trading more with G7 nations.
With a young workforce, India is focusing on productivity and innovation, making it a significant player in the world.
India is the fastest-growing major economy among G7 members.
India's GDP growth averaged 5.4% between 2020-2024, projected to be 6.4% from 2025-2029.
India's share in global GDP (PPP) rose from 7% in 2020 to 8.3% in 2024, projected to reach 9.7% by 2029.
Merchandise trade with G7 nations surged by 61%, from $154B in FY21 to $248B in FY25.
India is leveraging its young workforce to boost productivity and innovation.
- Who
- India and its economic performance.
- What
- India is experiencing robust economic growth.
- When
- Between 2020-2024 and projected through 2029.
- Where
- Globally, with a focus on trade with G7 nations.
- Why
- To leverage a young workforce and increase global influence.
- GDP Growth (2020-2024)
- 5.4% average
- Projected GDP Growth (2025-2029)
- 6.4% average
- Global GDP (PPP) Share (2024)
- 8.3%
- Projected Global GDP (PPP) Share (2029)
- 9.7%
- Trade Increase with G7
- 61%
- Main export destinations
- US, UK, Germany
Sources
'India Will Become Third-Largest Economy By 2027, Hit $5 Trillion Mark Within 3 Years': Union Minister Piyush Goyal
PLI Scheme Powers Rs 16.5 Lakh Cr Output, 12 Lakh Jobs - Guess Which Sectors Benefited the Most?
Goyal reviews PLI scheme; emphasizes on self-reliance, export competitiveness
MCCI webinar with commerce min on Rs 5 trillion economy
India on track to become $5 tn economy by 2027
