India Well On Track To 3rd Largest Economy Status
With escalating localised tensions, analysts don’t expect major disruptions to India’s economic activity
India Well On Track To 3rd Largest Economy Status
New Delhi: While Pakistan has threatened to respond forcefully to India’s attack on terrorist infrastructure in the neighbouring country, the stark economic contrast between the two countries also bears testimony to the disparate paths that the two neighbours have been pursuing since they became independent from British rule.
India has emerged as the world’s fastest-growing economy, with World Bank figures for 2024 showing that the country’s GDP is close to $3.88 trillion, which is more than 10 times the size of Pakistan’s economy at a mere $0.37 trillion.
India is poised to become the world’s fourth-largest economy in 2025, with the country’s nominal GDP rising to $4.187 billion during the year to surpass Japan, according to the IMF’s World Economic Outlook report. India has a massive forex kitty of $688 billion.
