Since 2011, India has undergone significant economic growth and transformation. Over the past decade, India has risen from being the 11th largest economy globally to becoming the world's fifth largest economy by around 2021. By 2025, India even surpassed Japan to become the fourth largest economy in the world. This growth has been driven by robust GDP growth rates averaging above 6%, strong consumer spending, increased investments, and expanding exports. The International Monetary Fund (IMF) projects India will become the third largest economy by around 2028, surpassing Germany. India's economy is characterized as a developing mixed economy with strong public sector involvement in strategic sectors but increasingly fueled by private sector growth and infrastructure investment.
