• With this, India now lags behind only the United States of America (USA) which continues to be the world’s largest economy, followed by China (2nd) and Germany (3rd).

Key Details:
Other Key Projections: The GoI further mentioned that India is on track to surpass Germany and become the world’s third-largest economy within the next 2.5–3 years, with its GDP projected to reach approximately USD 7.3 trillion by 2030.
GDP Growth: As per the GoI’s official data, India’s real GDP has increased by 8.2% in 2nd Quarter(Q2: July-September) of Financial Year 2025-26 (FY26) compared to 7.8% and 7.4% recorded in Q1FY26 and Q4FY25, respectively.
Key Target: India aims to attain the High Middle-Income (HMI) status by 2047, marking the centenary (100th) of the country’s Independence.
Foreign Exchange Reserves: As of November 2025, India’s foreign exchange reserves stood at USD 686.2 billion, providing a strong import cover of over 11 months.
Current Account Deficit (CAD): The CAD moderated from 2.2% of GDP in Q2 FY25 to 1.3% in Q2 FY26. Inward remittances rose by 10.7% year-on-year in Q2 FY 2025-26.
Foreign Direct Investment (FDI): The FDI captured strong momentum in H1 FY26. From April to September 2025, Gross FDI grew 19.4% to USD 51.8 billion from USD 43.4 billion a year ago, while Net FDI surged 127.6% to USD 7.7 billion from USD 3.4 billion.