Indian economy

The Indian economy is the economy of India, a large developing mixed economy with a major public sector and a rapidly expanding services base.

The Indian economy is a large developing mixed economy with a major public sector and a rapidly expanding services base. It is among the world's largest economies by nominal GDP and purchasing power parity, and has been one of the fastest-growing major economies in recent years.

Economic structure

India has a mixed economy that combines agriculture, manufacturing, services, private enterprise, and a public sector presence in strategic industries. Services are the largest output contributor, while agriculture still employs a substantial share of the workforce.

Growth and size

Recent estimates show strong economic expansion, with real GDP growth projected at 7.4% in FY 2025–26 and nominal GDP at ₹357.14 lakh crore. Multiple sources place India among the world's largest economies and describe it as one of the fastest-growing major economies.

Drivers of growth

Domestic consumption is a central demand engine, supported by government spending, investment, exports, and a growing middle class. Policy reform, infrastructure expansion, and services growth are also cited as important factors.

Global position

India's global standing is commonly described in terms of its large domestic market, high growth rate, and rising importance in trade and investment. Sources differ on exact rank and timing, but all agree that India is near the top tier of global economies.