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Rising Power
May 27, 2025
|The Political and Business Daily
India’s Economic Ascent, Challenges
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INDIA’S recent milestone of overtaking Japan to become the world’s fourth-largest economy, with a GDP of $4 trillion, is a testament to its steady economic progress.
This achievement, highlighted by NITI Aayog CEO BVR Subrahmanyam, reflects the resilience and potential of an economy. The IMF projects India’s growth at 6.2% in 2025 even as global uncertainties persist. With ambitions to become a $10 trillion economy by 2035 and a $30 trillion developed nation by 2047, India’s trajectory seems promising. Yet, these macro figures mask stark ground realities—persistent inequality, unemployment, and poverty —raising questions about inclusive growth.
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