Current Status and Projections As of 2024, India is the world’s 4th largest economy by nominal GDP and the 3rd largest by purchasing power parity (PPP). Despite global economic headwinds, India’s growth momentum remains robust, supported by strong domestic consumption, government capital expenditure, and structural reforms. Past Trends India’s nominal GDP has grown from about $2.6 trillion in 2017 to over $3.7 trillion in 2023, reflecting sustained double-digit growth rates in earlier years and steady growth in recent years. The country’s economic reforms, expanding middle class, and increasing foreign direct investment have been key drivers of this growth. India’s GDP per capita remains relatively low (~$2,880 in 2025), indicating significant growth potential ahead. Key Drivers for Achieving 3rd Largest Economy Status High and sustained GDP growth rates (6.2–6.4%) projected for 2025 and 2026, outpacing most major economies. Government initiatives focused on infrastructure, ease of doing business, digital economy, and financial inclusion. Demographic advantage with a young, growing workforce and rising consumption. Resilience amid global uncertainties, with stable inflation and fiscal management. Challenges and Risks Global trade tensions, geopolitical risks, and slowing external demand could moderate growth. Structural reforms need to be deepened to sustain high growth. Inflationary pressures and fiscal consolidation remain areas to watch.

Will India become world's 3rd largest economy by GDP by the end of 2026?

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TIME- The event will expire at 11:59 PM on 31 December 2026 or earlier if reports are published. The event will be extended in case the reports are not released. SETTLEMENT- The event will be settled within 24 hours of expiry. RULE - Only the press release report by PIB ( pib.gov.in) will be considered for the settlement. IMPORTANT - Check "Press releases", and select "Ministry of Statistics and Programme Implementation" for Gross Domestic Product (GDP) data report.