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India to grow robustly, even among major industrialised G7 countries: PHDCCI
The Statesman Bhubaneswar
|June 27, 2025
An analysis conducted by the PHD Research Bureau, PHD Chamber of Commerce and Industry in a report on "Population, Productivity, Partnership: Rethinking G7-India Collaboration" said India will continue to grow robustly, even among major industrialised G7 countries.
India emerged as the fastest-growing major economy among all G7 members, with an average GDP growth of 5.4 per cent between 2020 and 2024 and a projected average of 6.4 per cent from 2025 to 2029, according to IMF estimates. In purchasing power parity (PPP) terms, India's share in global GDP rose from 7 per cent in 2020 to 8.3 per cent in 2024 and is projected to reach 9.7 per cent by 2029. In contrast, most G7 countries are grappling with sluggish growth and declining global economic shares.
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