📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
India's Economy to Reach $5 Trillion by FY29, IMF Says
✍️ BusinessLine
🗓 09 Aug 2026, 04:38 PM
👁 6
The International Monetary Fund has projected that India's GDP will reach a nominal value of US$5 trillion by the fiscal year 2029, according to Finance Minister Nirmala Sitharaman.
The International Monetary Fund (IMF) has projected that India's nominal GDP will reach US$5 trillion by the fiscal year 2029, marking a significant milestone for the world's fifth-largest economy.
Finance Minister Nirmala Sitharaman confirmed the IMF's forecast during a recent briefing, highlighting the country's sustained growth trajectory and the government's focus on structural reforms.
This projection follows India's earlier achievement of a US$4 trillion GDP in FY2025, underscoring the steady expansion of key sectors such as services, manufacturing, and digital economy.
Economists note that reaching the 5‑trillion threshold will enhance India's influence in global financial forums and could attract greater foreign investment, provided policy stability and macroeconomic prudence are maintained.
Finance Minister Nirmala Sitharaman confirmed the IMF's forecast during a recent briefing, highlighting the country's sustained growth trajectory and the government's focus on structural reforms.
This projection follows India's earlier achievement of a US$4 trillion GDP in FY2025, underscoring the steady expansion of key sectors such as services, manufacturing, and digital economy.
Economists note that reaching the 5‑trillion threshold will enhance India's influence in global financial forums and could attract greater foreign investment, provided policy stability and macroeconomic prudence are maintained.