Economic growth

Amid the high tariffs imposed by US President Donald Trump on Indian goods, India's current account deficit (CAD) is expected to remain under 1 per cent during the current financial year.

India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.

NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy, citing data by the International Monetary Fund.

India has achieved a remarkable economic milestone, doubling its GDP from $2.1 trillion in 2015 to $4.3 trillion in 2025—a staggering 105% growth unmatched by any other major global economy

The recent household expenditure surveys for 2022-23 and 2023-24 released by the government of India reveal India has nearly eradicated extreme poverty.

With a focus on deregulation, infrastructure investment, and job creation, the 2024-25 Economic Survey outlines key strategies to navigate global uncertainties and fuel domestic growth.

Commerce Secretary Sunil Barthwal said that India will cross the export target of $800 billion for the year

The 476-page Economic Survey emphasises that India's economy has consolidated its post-Covid recovery and that the policymakers have played an important role in guaranteeing economic and financial stability.

Gautam Adani said, “the single most important catalyst enabling this take off has been the quality of governance over the past decade."

India’s real GDP has been estimated to grow by 8.2% in FY 2023-24 as compared to the growth rate of 7.0% in FY 2022-23