India

India is a vast federal republic located in South Asia, occupying most of the Indian subcontinent. With the world's largest population, a massive domestic market, and a young demographic, it is increasing its presence in the global economy. Traditionally, agriculture has formed the foundation of its economy, but in recent years, the information technology (IT) services industry has achieved remarkable growth, becoming a major driver of the economy.

Looking at the data as of 2025, India's economy continues its robust growth. Nominal GDP reached $3,956.1 billion, an increase of 5.19% year-on-year. The real GDP growth rate is very high at 7.57%, accelerating by 0.47 percentage points from the previous year. The total population continues to show an increasing trend at 1,463.87 million people, an increase of 0.89% year-on-year. Per capita nominal GDP is still low at $2,702.48, but per capita real GDP growth rate also shows a high increase of 6.62%, accelerating by 0.47 percentage points from the previous year.

Looking at price trends, consumer price inflation has settled at a relatively low level of 2.40%, a decrease of 2.55 percentage points from the previous year, suggesting an easing of inflationary pressures. The unemployment rate remains at a low level of 4.22%, but increased by 0.05 percentage points from the previous year. The current account balance, at -0.42% of GDP, shows a small deficit, but has improved by 0.43 percentage points from the previous year. The trade-to-GDP ratio is 46.27%, an increase of 0.35 percentage points year-on-year, indicating the growing importance of trade in the economy. The real interest rate as of 2022 is at a high level of 5.56%.