India's economy is currently growing rapidly, with a number of positive indicators:
GDP growth
The World Bank projects India's GDP to grow by 7% in 2024-25, making it the world's fastest-growing major economy. In 2022-23, India's GDP grew by 8.2%.
Nominal GDP
India's nominal GDP, or GDP at current prices, is estimated to be $928.9 billion in the first quarter of 2024-25.
Employment
The share of formal jobs in India's economy has improved, with the share of salaried workers rising to 21.7% in 2023-24.
Exports
India's exports of engineering goods, petroleum products, and electronic goods were $211.46 billion in April-September 2025.
Global growth
India contributed 16% to global growth in 2023.
Other factors contributing to India's economic growth include: A strong services sector, A growing middle class, Strong domestic demand for consumption and investment, and The government's emphasis on capital expenditure.
India is expected to become the world's third-largest economy by 2027.