IMF Projects India's Economy to Reach $5 Trillion by FY29

Finance Minister Nirmala Sitharaman stated in a Rajya Sabha written reply that the IMF's April 2026 World Economic Outlook projects India's GDP at current prices to reach $5.1 trillion by 2028-29. The projection marks a significant milestone in India's economic growth trajectory. This achievement underscores India's position as one of the world's fastest-growing major economies. The government highlighted the forecast as evidence of strong domestic demand and structural reforms driving long-term growth.