Mumbai : India GDP contribution 2035 will account for 9% of global economic growth, a senior government official announced on Wednesday. This projection highlights India’s growing role as a major driver of the world economy, fueled by structural reforms, robust domestic demand, and global partnerships.
Speaking at the annual infrastructure conclave 2025 organised by the National Bank for Financial Infrastructure and Development (NABFID), M Nagaraju said that despite global uncertainty, India’s economy continues to progress rapidly and remains the fastest-growing in the world.
He added that India has recorded an average annual growth rate of 8% over the past four years, with the latest quarterly GDP growth at 7.8%—the highest in five quarters.
Nagaraju pointed out that India’s external sector has also shown resilience. The current account deficit in the last quarter stood at only 0.5% of GDP, while net services exports grew strongly. According to him, these achievements position India to become a developed nation by 2047, the centenary of Independence.
“This macroeconomic success story lays a solid foundation for our infrastructure goals. It proves that India’s growth is resilient, reform-driven, and guided by prudent policies. We are not just sustaining momentum; we are emerging as a key engine of global growth and a potential leader in shaping the post-pandemic world economy,” he said.
Nagaraju also underlined the resilience of India’s banking and financial sector. In FY 2024-25, public sector banks surpassed private banks in credit growth for the first time in more than a decade. Meanwhile, Non-Performing Assets (NPAs) dropped below 1%, and the capital adequacy ratio stayed comfortably above regulatory norms, reflecting the system’s financial strength.
He stressed that a strong, well-capitalised financial system now supports India’s broader development agenda. This, combined with rising investment flows and sound fiscal management, equips the nation to meet its aspirations of achieving developed-economy status by 2047.
With these trends, officials believe that India will not only secure a larger share of global GDP growth but also strengthen its standing as a trusted partner in shaping global economic governance.
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